A press release by the Canadian Federal government: The Honourable Jim Flaherty, Minister of Finance, will be a guest speaker at the Canadian Institute of Chartered Accoun­tants Tax Symposium on Monday, October 16, 2006. Minister Flaherty will discuss the steps Canada’s New Government is taking to reduce the tax burden and create a more compet­itive tax […]

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Income trusts have dominated business headlines in Canada for the past couple days, ever since one of the oldest corpo­ra­tions in the country announced they were converting to save hundreds of millions in corporate taxes. Income trusts eliminate the double taxation in Canada on business income above the small business limit ($300,000 in 2006). Up […]

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Wikipedia is a good source of infor­mation about a variety of topics. I’m pleased to find that it’s generally pretty good about accounting too. The article on the Balance Sheet contains “case studies” showing the effect of some trans­ac­tions on a very basic balance sheet. As well, I’d never seen non-current liabil­ities referred to as […]

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An agreement reached between the Canadian Federal government and the provincial Ontario government will simplify corporate taxes by 2009. The Ontario tax return, known as the CT23, will be amalga­mated with the Federal return. Ontario Finance Minister Greg Sorbara had this on the much-lauded move: “Businesses have been asking us to reduce admin­is­trative overlap and […]

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Recently it feels like there has been a sudden discovery of accounting blogs: More Accounting Blogs from Golden Practices’ Michelle Golden Dynamic Linking from Chris Silvey’s Accounting for a Detoured Economist Time to Add These to Your Bookmarks People from The Anonymous Accountant Link list updated from Krupo’s A Counting School There are links to […]

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