Budget 2017, released on March 22, proposes to eliminate the ability for designated professionals to elect to use billed-basis accounting; that is, the ability of taxpayers to defer tax by permitting the costs associated with WIP to be expensed…

Approximately 15 years ago, a change took place in the ability of Ontario’s doctors to manage their income. For the first time, they were allowed to incorporate. This was significant because it fundamentally changed the relationship between doctors and…

Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017-18, 2018-19 and 2019-20. The Budget does not…

Tax Free Savings Accounts (TFSAs) and Registered Educational Savings Plans (RESPs) are investment drivers that many young families with newborns or young children are eager to take advantage of. The TFSA allows anyone over the age of eighteen and…

In Budget 2017, the federal government proposed to substantially change the landscape for reporting income by professionals like lawyers, doctors and accountants. If you are one of these professionals then read on to find out more about the changes…

Today, the Federal Government has released their 2017-18 Budget, projecting for Canadians a sense of what we can expect in the coming year – a cautious approach to increased efficiencies, closed tax loopholes, and a steady deficit. From the…

40th Anniversary Luncheon featuring attendee comments and highlights and Mayor Maurizio Bevilacqua’s address to members.  

Douglas Craig, founder of Equity Trends Valuations Inc. and now Managing Director at Fazzari Valuations Inc., shares some of the reasons behind his decision to merge with Fazzari + Partners LLP to form Fazzari Valuations Inc. Using his experience, he outlines three key factors…