Archive | Debi’s Details

Who is Your Chief Risk Officer?

Small business owners fulfill many functions, by necessity. Small business owners are the presidents, chief executive officers, privacy officers, safety officers, sales managers and production bosses. Lately the question has been coming up, who is the chief risk officer of the business? Here is an example: University students are ordering their boxed foods like Kraft […]

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Ceasing Operations? Make Sure Directors Resign

Most situations in Canada that involve directors being required to make personal payments for organization’s debts involve Canada Revenue Agency (CRA). CRA has the ability to require directors to make payments for source deductions and sales tax, when those payments have not been made by the organization itself. When an organization ceases operations, it is […]

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Year-End is Coming

As we look at the end of 2017 there are still a couple of things you can do to improve your 2017 tax situation. These are tried and true strategies: Business owners, if you are planning to buy some machinery or equipment early in 2018, consider buying it even earlier, before the end of 2017 […]

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House Flippers Beware

We often talk about limitation periods when we talk about personal tax. Some taxpayers are relieved when they feel that a particular tax year is now statute barred and CRA cannot open the year up to further investigation, unless they suspect fraud. There are a couple of nuances here though — until you actually file the tax […]

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Virtual Meetings

As we move into winter in most parts of North America, the ability to move around easily is reduced by snow storms and icy roads. In addition, many Canadians will flee the northern areas for Florida and Hawaii. This can have a big impact on your meeting attendance, particularly for board meetings. If meetings have […]

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Painless Financial Training Group Inc. with Debi Peverill

Understand Financial Stuff, Painlessly