Author Archives: Neil

Are you an employee or independent contractor?

In Canada, there are no hard and fast rules in the Tax Act that help an individual determine whether they are an employee or an independent contractor. There are three tests, which have evolved through court decisions, that are used to assess the relationship between an individual and his/her employer. They are: Economic reality orContinue reading “Are you an employee or independent contractor?”

re: A new auditing and accounting blog

re: The Auditors is a relatively new blog that covers the auditing profession and is written by Francine McKenna, who has some impressive work history which she details on her LinkedIn profile. I’ve added her to my Links. Some posts I’ve found particularly interesting: The Top Ten Reasons Audit Fees Will Not Go Down HeardContinue reading “re: A new auditing and accounting blog”

8 quick facts about the principal residence exemption

Continuing the series of “quick facts” posts (see prior ones about the capital gains exemption and the new financial instruments standards), today is all about the principal residence exemption in Canada. Any residence may be designated a principal residence as long as you “ordinarily inhabit” the home. Ordinary inhabitation includes seasonal living such as yourContinue reading “8 quick facts about the principal residence exemption”

BDO Dunwoody merges with Goodman Rosen

Hot on the heels of their announcement that the merger discussions with Grant Thornton were called off, BDO Dunwoody’s insolvency practice BDO Dunwoody Ltd. has joined forces in Nova Scotia with Goodman Rosen Inc. Expanding one of Canada’s most comprehensive financial recovery practices, BDO Dunwoody Limited, Trustee in Bankruptcy and Goodman Rosen Inc., Trustee inContinue reading “BDO Dunwoody merges with Goodman Rosen”