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 competitiveContinue reading “Canadian Finance Minister to address Chartered Accountants”
Monthly Archives: October 2006
Income trust tax loophole gaining popularity
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). UpContinue reading “Income trust tax loophole gaining popularity”
Mining Wikipedia for accounting topics
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 asContinue reading “Mining Wikipedia for accounting topics”
Simpler corporate income tax filing requirements
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 andContinue reading “Simpler corporate income tax filing requirements”
List of links to pages with lists of links to accounting blogs
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 toContinue reading “List of links to pages with lists of links to accounting blogs”