Archive | Debi’s Details

HST on Imports

Many volunteer organizations are exempt for HST purposes, which sounds good and is not. An organization that is exempt is unable to recover HST paid on items purchased and used in their volunteer activities. If you import items into Canada the Canada Border Services group is responsible for collecting HST at the border. If you […]

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Standby charges and HST owing

If your corporation owns a passenger vehicle that is driven home by an employee then you have to calculate a standby charge and put it on the employees T4 as a taxable benefit. There is a calculation which is based on 2% per month of the original cost (plus HST) of the vehicle, plus a […]

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2016 Medical Receipts

The time is coming for you to start putting together your personal income tax information for 2016 filing. Before too much time has gone by in 2017 consider getting those 2016 receipts together. Do you see a chiropractor or physiotherapist on a regular basis? If so, ask for an annual receipt. In fact, tell them […]

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Definition of roles

Does your board have job descriptions or role definitions? Few volunteer boards have set aside time to develop role definitions for their board members. If everyone on a board is responsible for something happening then it is the same as no one being responsible. Time will be wasted in co-ordinating efforts of multiple people if […]

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly