The Minister of National Revenue announces appointment of the new Taxpayers’ Ombudsman New Ombudsman brings a wealth of experience in dispute resolution to the role

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The Minister of National Revenue announces appointment of the new Taxpayers’ Ombudsman New Ombudsman brings a wealth of experience in dispute resolution to the role April 10, 2015 – Ottawa – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced the appointment of the new Taxpayers’ Ombudsman,…

4 Tips for a growing and thriving family Business

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The keys to a successful family business are trust, openness and involvement of younger generations, says BDC’s Bettie Johnston. Here are some of her tips to making it work. 1) Involve the entire family in strategic planning. This builds consensus for the company’s vision and a road-map to the future. 2) Define clear roles for…

A very big congratulations!

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Everyone would like to send a very big congratulations to Yvonnne Blowers for her big win of a Red 2014 Ford V6 Coupe Mustang. This winning came from the Kids Kottage Foundation Raffle. Yvonne is a Staff Accountant here at HGA. Please join us in very warm, early Merry Christmas for Yvonne and her husband…

New Small Business Job Credit

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Minister of Finance Joe Oliver announced more action by the Harper Government to create jobs, growth and long-term prosperity: the introduction of the new Small Business Job Credit which is expected to save small businesses more than $550 million over the next two years. The Small Business Job Credit will effectively lower small businesses’ Employment…

What you should know about Digital Currency

News

With digital currency, such as Bitcoins, gaining in popularity as a form of financial currency, it’s important to understand the implication it has on income tax. The CRA has released a Bulletin addressing some of these concerns; in essence, it reminds stakeholders that tax rules apply when digital currency is used. The full release is…

December year end?

News

Are you one of the majority of business owners who have chosen a December year end for their corporate tax year? As you are probably aware this is a hectic time of year for accounting firms! A December year end for most Canadian corporations means taxes are due at the end of March and filing…

How your tax dollar was spent in 2011-2012

CRA Newsroom

Have you ever wondered exactly where your tax dollar’s go?  A new slideshow from the CRA shows exactly what percentage of your taxes went where! During the 2011 – 2012 year the federal government had expenses totaling $271.4 Billion. A brief summary of federal spending for 2011–12. Canada Health Transfer (10 cents) Canada Revenue Agency (3 cents) Canada Social…