Canada’s CAs have announced guidance for a key metric of income trusts, that of distributable cash. The term ‘distributable cash’ generally refers to the cash that an income trust could potentially distribute to unit holders. Investors use this information when assessing the entity’s ability to fund future distributions and to help value their investments. But [...]

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This recent post on the SME Blog talks about the recent changes the UK has made to VAT, in that they are now offering small businesses the ability to account for and remit VAT on a cash basis, rather than accrual: The VAT cash accounting scheme allows you to account for VAT (output tax) on [...]

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This struck me as sort of interesting, possibly useful, and probably a little compulsive. One blogger’s way of slowly using change is to carry the optimal number of each denomination of coin in his pocket. Everyone has coins they want to get rid of. I randomly thought of an easy way to carry change and [...]

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I wrote a post about BCE converting from a corporation to an income trust a couple days ago that set off a veritable firestorm of comments from a few readers. It quickly became the most commented on post here, which is pretty cool. So with that in mind I jumped at the chance to blog [...]

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No, Google isn’t managing investments. They’re still devoted to “organizing the world’s information,” but that doesn’t matter to the SEC. A rule enacted in 1940 could cause increased regulatory headaches for the company. Companies whose securities make up more than 40 percent of their assets can fall under restrictions that govern the mutual fund industry. [...]

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