There’s been a lot of activity lately on the income trust front. Foreign firms are making bids left and right to acquire the Canadian entities, in the wake of the 31.5% trust tax intro­duced by the Conser­v­ative government. Jack Mintz, a professor at Rotman, the business school at the University of Toronto, discusses in a […]

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Having lugged around three thick files repre­senting the full permanent file for an audit client for the past few weeks, I’ve come to the conclusion that my firm needs to consider digitizing these things. Perm files for accoun­tants consist of client documents that carry forward year to year. For example, engagement letters are good for […]

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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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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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David Dodge, the governor of the Bank of Canada and the current architect of our monetary policy, suggested the province of Ontario should revamp the provincial sales tax (PST) to more closely resemble the value-added federal GST in a rare appearance before the Commons industry committee. The suggestion is a solid one, as it would […]

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