IFRS 16 – Leases

Overview: IFRS 16 Leases was issued in January 2016 and applies to annual reporting periods beginning on or after January 1, 2019. This new standard, which will affect almost all companies that prepare financial statements in accordance with IFRS.  IFRS 16 requires that almost all leases are reflected on the balance sheet with a corresponding […]

Zero Emission Vehicles

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. Since March 19, 2019, companies that purchased zero-emission vehicles (such […]

Valuation Reports Are Not All Equal

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. Once it is determined that an independent valuation is needed, […]

11 Tax Tips For Owner-Managed Enterprises

TAX RATE SUMMARY BC personal and corporate tax rates will not change in 2020: Corporate Tax Rates (Fed + BC)          2019 2020 CCPC Active business income < $500,000 [1]   11.00% 11.00% CCPC Active business income > $500,000 27.00% 27.00% CCPC investment income  50.67% 50.67% Personal services business income 45.00% 45.00%   Personal Tax Rates (Fed […]

auditor or financial inspector working on business sales report.

Pre-Employee Share Ownership Plans (“ESOP”) – Key Valuation Considerations

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news.  Developing an ESOP is new territory for both employer and employee. Many […]

Revenue Diversification

Revenue Diversification By Non-Profit Organizations

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission ofbeing the best partner in your success by keeping you aware of the latest business news.  The Canadian Income Tax Act defines a non-profit organization as “a club, society or […]