By Monica Martinez, CPA, CA, CPA Principal, U.S. and Cross-Border Tax & Advisory Services On September 6, 2019, the IRS announced the new “Relief Procedures for Certain Former (US) Citizens” (Relief Procedures), which apply to certain individuals who have relinquished, or intend to relinquish their US citizenship (expatriate). If eligibility criteria are met, the new […]
By Anne Van Delst, CPA, CA, LPA Recessions, and even lesser economic downturns, can – and do – ruin once-thriving businesses overnight. While it’s true that economic hills and valleys are beyond the control of small and medium sized business owners, those overnight crashes are often the result of months or years of inadequate planning. […]
We are in the midst of a remarkable economic period. A few weeks ago, ‘inverted yield curves’ brought predictions of an impending recession. In September, the TSX reached a record high and unemployment levels hit historic lows. But warning signs and threats persist, including on-going trade wars, geopolitical tensions in the EU and Middle East, […]
By Wendy Wong, , CPA, CA Senior Manager, Tax & Advisory Services Vehicle expenses. It is one simple line on a tax return, but it can cause all sorts of problems if CRA decides to take a closer look. Recently, we have noticed CRA specifically targeting their reviews on car expenses claimed by a business […]
GGFL is very pleased to share the news that we have been awarded a 2019 Employees’ Choice Award as one of the top ten employers in Ottawa. The Employees’ Choice Awards celebrate companies whose employees say they are engaged in their work and feel connected to their place of employment. GGFL has always strived to […]
By Kody Wilson, CPA, CA, CBV, Partner No matter how you slice it, paying for college or university tuition is costly. A 2018 survey of 23,000 students by MacLeans Magazine put the average annual cost of college or university at close to $20,000. For families with young children, the cost will only get higher. A […]
This September, GGFL will be hosting two office tours for accounting students interested in learning about our coop opportunities. The tours will include a Q&A with partners and former coop students, as well as games and food from some of Westboro’s finest. When? University of Ottawa Accounting Students Thursday, September 5th 1pm-3pm Click here to […]
In the videos below, we answer some of the most common questions about GGFL’s Sharefile client portal. To access the portal, please click here. A step-by-step guide to creating your Sharefile account on GGFL’s client portal. How to download files from your Sharefile account. How to upload files to your Sharefile account.
Competition is tough for construction companies. There are contracts to be had but they are increasingly more difficult to win. To be competitive, and win those contracts, these are some basic financial questions that company owners should be asking themselves. What profit margin should I use to bid on the job? I want to keep […]
Determining whether you’re an employee or a contractor is a critical decision with important consequences for both the worker and payer (the company, employer or individual paying for the work). Employee or contractor? It might sound like an easy distinction to make, but it is not. This article covers both the factors CRA uses to determine the tax treatment, and the advantages and disadvantages for the individual in each circumstance.