Finance News

Relevant tax, accounting, and finance news for businesses, business owners, and professionals.

24
Apr

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There are two careers I would never want to have: A hockey referee, and a Canada Revenue Agency (CRA) tax auditor. In some ways, the two are a lot alike. Both need a thick skin to deal with unhappy observers. But there are differences as well. I recall a losing hockey coach once telling me that the biggest problem with

23
Apr

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Home inspectors are taking a substantial hit to their businesses amid the frenzied bidding for houses taking place in Toronto and the surrounding regions.In desperation to come up on top in bidding wars, many home buyers are forgoing conditions that may make their offer less appealing to a seller. One of the first conditions to go is need for a

21
Apr

Affordable work space in pricey Vancouver


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Farmboy Fine Arts had outgrown its leased office space, and owning in pricey Vancouver didn’t seem to be an option.But along came Ironworks, a new type of project that offers strata title ownership of office and industrial space. It’s marketed as “stacked industrial,” a vertical, midrise take on industrial spaces that includes one-third office flex space.

21
Apr

Five tips for employers creating a marijuana policy at work


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On July 1, 2018, Canadians will enter a brave new world as the Liberal government legalizes recreational marijuana.The new legislation is simple to understand in terms of the rights of individuals; however, it gets a lot more complicated when it comes to how marijuana should be used, tolerated or forbidden at work.

20
Apr

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The Ontario Changing Workplaces Review has spurred much concern from businesses worried that the province will add regulations that will harm their companies in a bid to protect vulnerable workers. But for the province’s franchisors and franchisees, the idea that they might be deemed “joint employers” has sparked the greatest outrage.

20
Apr

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For many professionals who run their own practice, March’s federal budget could mean paying more taxes upfront that will strain their cash flow.The government has proposed to eliminate the ability of designated professionals, such as lawyers, accountants, dentists, veterinarians, and chiropractors, to use so-called billed-basis accounting, which allows them to exclude the value of work in progress (WIP) when calculating