MNP Master RSS Feed

Toronto – World Conference on Disaster Management

Mon, 25 Jun 2012 00:00:00 GMT

June 25-27, 2012

Montréal - CAUBO 2012 Conference

Sat, 16 Jun 2012 00:00:00 GMT

June 16-19, 2012

Toronto – Ontario Dental Association’s Annual Spring Meeting

Thu, 10 May 2012 00:00:00 GMT

May 10-12, 2012

Mississauga - Bakery Showcase 2012

Sun, 06 May 2012 00:00:00 GMT

May 6-8, 2012

Toronto – The Canadian Institute's 11th Annual Forum on Anti-Money Laundering

Wed, 25 Apr 2012 00:00:00 GMT

April 25-26, 2012

Toronto – Canadian Conference on IT Audit, Governance and Security

Mon, 26 Mar 2012 00:00:00 GMT

March 26-27, 2012

Toronto – Canadian Supplier Diversity Conference

Fri, 23 Mar 2012 00:00:00 GMT

March 23, 2012

Red Deer - ExitSMART Presentation

Wed, 07 Mar 2012 00:00:00 GMT

March 7, 2012

Red Deer - TransitionSMART Presentation

Tue, 06 Mar 2012 00:00:00 GMT

March 6, 2012

Toronto – Lie Detection Seminar for Litigators

Tue, 06 Mar 2012 00:00:00 GMT

March 6, 2012

Regina - Business Analytics Presentation

Thu, 01 Mar 2012 00:00:00 GMT

March 1, 2012

Leduc - ExitSMART Presentation

Thu, 01 Mar 2012 00:00:00 GMT

March 1, 2012

Drumheller - TransitionSMART Presentation

Thu, 01 Mar 2012 00:00:00 GMT

March 1, 2012

Winnipeg - Business Analytics Presentation

Wed, 29 Feb 2012 00:00:00 GMT

February 29, 2012

Toronto - RealCapital 2012

Wed, 29 Feb 2012 00:00:00 GMT

February 29, 2012

Brampton - Safe Food Canada 2012

Thu, 23 Feb 2012 00:00:00 GMT

February 23, 2012

Winnipeg - SR&ED Your Expenses

Wed, 22 Feb 2012 00:00:00 GMT

February 22, 2012

Winnipeg - Techapalooza

Thu, 16 Feb 2012 00:00:00 GMT

February 16, 2012

Saskatoon - Aboriginal Financial Officers Association of Canada

Wed, 15 Feb 2012 00:00:00 GMT

February 15-16, 2012

Toronto - Canadian Food Summit 2012

Tue, 07 Feb 2012 00:00:00 GMT

February 7-8, 2012

Edmonton - An Evening to Support (2012)

Thu, 02 Feb 2012 00:00:00 GMT

February 2, 2012

Passports: The IRS Continues to Tighten the Screws

Tue, 31 Jan 2012 00:00:00 GMT

US law requires that a US citizen show a passport in order to gain entry to the United States. However, it has been very common for US citizens living in Canada to use their Canadian passports when they’ve crossed the border going into the United States. Many don't even have US passports.

Oxford Properties Announces Major Lease at 1021 West Hastings to MNP LLP

Mon, 30 Jan 2012 00:00:00 GMT

New Tower to be rebranded MNP Tower

Toronto - Toronto Board of Trade 124th Annual Dinner

Mon, 30 Jan 2012 00:00:00 GMT

January 30, 2012

Lethbridge - Governing Tomorrow’s NPO: Embezzlement

Tue, 24 Jan 2012 00:00:00 GMT

January 24, 2012

Risk or Reward: Serving Money Services Businesses

Thu, 19 Jan 2012 00:00:00 GMT

Recently the Deposit Insurance Corporation of Ontario released an advisory which outlines the procedures they expect credit unions to follow when providing banking services to Money Services Businesses. We'll summarize the risks and rewards of serving MSBs, the procedures DICO’s suggests, and outline the MSB screening and monitoring services.

Victoria - Truck Loggers Association Convention & Tradeshow

Wed, 18 Jan 2012 00:00:00 GMT

January 18-20, 2012

Stratford - 3rd Annual Mayor's Gala

Fri, 13 Jan 2012 00:00:00 GMT

January 13, 2012

The Journey to Board Effectiveness

Fri, 13 Jan 2012 00:00:00 GMT

Exploring best practices in board-member competencies and evaluation.

US Citizens Living in Canada Have Yet Another Opportunity to Come Clean With the IRS

Mon, 09 Jan 2012 00:00:00 GMT

In previous posts, I have reported on the recent flip-flopping of the IRS on the issue of Americans living abroad who haven’t filed US tax returns, but want to come clean.

Specifics of the OVDI Only Raise More Concerns

Fri, 23 Dec 2011 00:00:00 GMT

After several weeks speculating about the implications of the IRS’ new “incentives” for Americans in Canada filing belated tax returns. The IRS has now confirmed that the Fact Sheet was the guidance the Ambassador had alluded to when he promised further relief.

Balanced Strategic Approach to Management in the Forestry Industry

Thu, 22 Dec 2011 00:00:00 GMT

Most successful forestry companies understand that a key determining factor of business success is directly related to effective strategic management and planning. We'll review the four main components to consider in the a balanced strategic approach to management.

Winnipeg-Based Accounting Firm to Merge with MNP

Tue, 20 Dec 2011 00:00:00 GMT

Firms join forces to deliver enhanced services and more resources to marketplace.

Salary vs Dividends: Which is Right for You?

Fri, 09 Dec 2011 00:00:00 GMT

When it comes to owner-managed corporations, the salary vs. dividends compensation conundrum is one of the most frequently discussed topics between clients and their accountants. There are clear advantages and disadvantages to both, but choosing which is right for you will depend on a number of personal factors and preferences.

IRS Relief for Americans in Canada Isn't What We Hoped For-- Or What We Were Promised

Fri, 09 Dec 2011 00:00:00 GMT

The IRS keeps coming up with new “incentives” for Americans in Canada who haven’t filed US returns, but want to come clean and file. The US Ambassador to Canada said more relief would be on its way and the IRS followed through promptly. However, the release that was recently issued now raises more questions than it answers.

Moose Jaw - Your Fiduciary Role: Using Financial Statements to Evaluate Critical Risk Areas

Fri, 09 Dec 2011 00:00:00 GMT

December 9, 2011

Duncan - Seminar: The Life Cycle of a Professional

Tue, 06 Dec 2011 00:00:00 GMT

December 6, 2011

2011 Corruption Perceptions Index: How did Canada fare?

Fri, 02 Dec 2011 00:00:00 GMT

Transparency International releases the results of its 2011 Corruption Perceptions Index: How did Canada do and why should you care?

Tentative Plans from the IRS to Ease the Burden on American Residents in Canada

Fri, 02 Dec 2011 00:00:00 GMT

Barrie McKenna of the Globe & Mail interviewed the US Ambassador to Canada and myself on December 1, 2011. It appears that the noise made by Canadian practitioners of US tax, as well as Jim Flaherty, our Minister of Finance, has had some effect. The IRS is realizing that it is better to focus its efforts on Americans elsewhere.

Mississauga-Based Accounting Firm to Merge with MNP

Tue, 29 Nov 2011 00:00:00 GMT

Mid-Market firms join forces to deliver more resources to better serve their clients.

Say Uncle, Sam: Yet another tax filing requirement that will affect Americans living in Canada

Tue, 29 Nov 2011 00:00:00 GMT

Many individuals now resident in Canada have been shocked to learn that even though they may not owe any US tax, the IRS can go back many years and assess massive penalties for failing to report information about their income or assets.

Calgary - ExitSMART Breakfast Presentation

Tue, 29 Nov 2011 00:00:00 GMT

November 29, 2011

MNP: Partners in Your Success

Fri, 25 Nov 2011 00:00:00 GMT

We are pleased to introduce you to the Partners who have joined MNP’s team of senior business advisors in the GTA within the last year.

Income Tax on a PSB: A Halloween trick from the Federal Government?

Wed, 23 Nov 2011 00:00:00 GMT

Due to proposed changes by the Federal Government, the rules regarding a corporation carrying on a PSB (personal service business) just became a lot more expensive, tax-wise.

Canada's Largest Dedicated Anti-Money Laundering Firm to Merge with MNP

Tue, 15 Nov 2011 00:00:00 GMT

Firms join forces to deliver unparalleled AML expertise.

Kitchener/Waterloo Accounting Professionals to Join MNP

Tue, 15 Nov 2011 00:00:00 GMT

Jeff Riediger, CA and John Meredith, CA will be joining MNP LLP

Toronto – 9th Annual ACG Toronto Capital Connection

Tue, 15 Nov 2011 00:00:00 GMT

November 15, 2011

Tips For Going Into Tax Season

Tue, 15 Nov 2011 00:00:00 GMT

For many agricultural producers, it’s time to park the combine and start thinking about filing their taxes. The good news is that farmers have some special tools that can help them pay fewer taxes. Scott Dickson, MNP's Director of Livestock Services offers these tips.

Four Strategies for Effective Change Management for Credit Unions

Mon, 14 Nov 2011 00:00:00 GMT

In any organization, effectively transitioning through periods of change can be an enormous challenge. For credit unions, change management strategies can help mitigate the effects on internal people and operations as well as on members. It also allows for an effective transition and helps you achieve the desired outcomes.

Toronto – Breakfast Seminar on IFRS for Public Companies: Current Financial Reporting and Corporate Governance Challenges

Mon, 14 Nov 2011 00:00:00 GMT

November 14, 2011

MNP's Daryl Ritchie is the only Canadian to make Accounting Today Top 100 Most Influential People List

Wed, 09 Nov 2011 00:00:00 GMT

Canada's fastest growing accounting firm, MNP LLP (MNP) is the only Canadian Company to be recognized in the 2011 Accounting Today Top 100 Most Influential People List.

U.S. Bill For Snowbirds: Tempest in a Teapot?

Wed, 09 Nov 2011 00:00:00 GMT

There has been a recent flurry of articles, blogs and even televised reports in the U.S. concerning a U.S. Senate bill introduced by Sens. Chuck Schumer (D-NY) and Mike Lee (R-Utah). The bill proposes a number of changes to the immigration rules, most of which are intended to streamline and modernize procedures for obtaining visitor visas.

Montreal-Based Accounting & Consulting Firm to Merge with MNP

Tue, 08 Nov 2011 00:00:00 GMT

Mid-Market firms join forces to deliver enhanced services and more resources

Kindersley - Farming Today: Planning for Tomorrow

Tue, 08 Nov 2011 00:00:00 GMT

November 8, 2011

Grow Your Membership in a Competitive Market: Strategies for fostering loyalty between credit unions and their members

Mon, 07 Nov 2011 00:00:00 GMT

Responding to the needs of your member community and fostering these relationships is not only critical for maintaining your credit union’s current membership. Introducing innovative and value-added services can strengthen member relationships and provide a return on investment for your credit union.

Finding the Right Executor

Thu, 03 Nov 2011 00:00:00 GMT

As complex as the Income Tax Act is, especially in the area of dealing with estates and trusts and the threat of income tax, the executor and/or trustee in most instances will hire an advisor to help them through the myriad of rules and regulations and to minimize their risk.

Saskatoon - AFOA Saskatchewan's 13th Annual Fall Conference

Wed, 02 Nov 2011 00:00:00 GMT

November 2, 2011

Nanaimo – MISTIC Innovation Awards

Wed, 02 Nov 2011 00:00:00 GMT

November 2, 2011

HST in B.C.: Helping you manage the transition back to PST

Tue, 01 Nov 2011 00:00:00 GMT

The HST was voted out in B.C. Businesses in the province must transition back to collecting and paying PST and GST—a process that will have its own complexities that need to be carefully managed. The good news is that the transition may also benefit you.

Cash In On Your IT Innovations: How SR&ED Helps Credit Unions Stay Competitive

Mon, 31 Oct 2011 00:00:00 GMT

The technology needs of Credit Unions have become more diverse and complex. Tax credits can make developing a custom solution that helps take your Credit Union to the next level more affordable.

Toronto - Fall 2011 Ontario CUDA Camp

Mon, 31 Oct 2011 00:00:00 GMT

October 31 - November 2, 2011

Taking Your Cross-Border Management Fees Seriously

Fri, 28 Oct 2011 00:00:00 GMT

A recent US Tax Court decision (Fuhrman, TC Memo 2011-236) – in determining the appropriateness of a mere $100,000 management fee charged to a US taxpayer – held that to prove that a management fee is appropriate, certain conditions must be met. The taxpayer was unsuccessful largely because there was little or no documentation retained.

SR&ED Changes: What Do They Mean for You?

Thu, 27 Oct 2011 00:00:00 GMT

On October 17, 2011, the Jenkins Commission released the long-awaited findings of its review of federal support for R&D in Canada in the report Innovation Canada: A Call to Action.

Security Strategies for the Mid-Market

Thu, 27 Oct 2011 00:00:00 GMT

What is the value of your corporate information? How would your customers and key stakeholders react if your company was the next headline about a security breach? From lost productivity to reputation damage and costs of remediation – the impact of a security breach can be disastrous.

When is Farming Not Farming?

Thu, 27 Oct 2011 00:00:00 GMT

For farm owners to entering into an arrangement to have somebody else assist in farming their property, it is important to understand the nature of your agreement and how it will be viewed by the government for various purposes.

Toronto / Mississauga – Demystifying Global Business Risk

Thu, 27 Oct 2011 00:00:00 GMT

October 27, 2011

Courtenay - Comox Valley Chamber of Commerce Business Breakfast

Wed, 26 Oct 2011 00:00:00 GMT

October 26, 2011

Banff - 2011 Credit Union Directors Conference

Wed, 26 Oct 2011 00:00:00 GMT

October 26 - 28, 2011

“We’re getting a divorce” – How to ease some of the (tax) burden

Tue, 25 Oct 2011 00:00:00 GMT

It’s never easy when a client tells you they are splitting from their spouse. Although we can’t reduce the emotional trauma of the process, we can assist with planning for the division of assets in a tax-effective manner to help ease the tax “pain”.

Calgary - Business In Calgary: Leaders of Tomorrow

Tue, 25 Oct 2011 00:00:00 GMT

October 25, 2011

Kindersley - Oil & Gas Today: Planning for Tomorrow

Tue, 25 Oct 2011 00:00:00 GMT

October 25, 2011

Financial Barometer – Leading indicators of financial performance

Tue, 25 Oct 2011 00:00:00 GMT

How often have you gone into your accountant’s office at the end of the year wanting to know how your business did? As an accountant, providing you with an “official” score sheet for your company’s performance is just a small part of what we can do and isn’t the best or only approach to determining financial performance.

How Much Buying Power Do You Have?

Tue, 25 Oct 2011 00:00:00 GMT

Although the strengthened dollar has given us increased buying power for products and equipment. The question is: “How much buying power do you really have?”

Saskatoon - Huskie Hockey Off the Leash Luncheon

Fri, 21 Oct 2011 00:00:00 GMT

October 21, 2011

Saskatoon - MNP Community Event

Thu, 20 Oct 2011 00:00:00 GMT

October 20, 2011

Campbell River - Truck Loggers Association Fall Meeting

Thu, 20 Oct 2011 00:00:00 GMT

October 20, 2011

Kitchener-Waterloo – Demystifying Global Business Risk

Thu, 20 Oct 2011 00:00:00 GMT

October 20, 2011

MNP is Recognized As One of the Best Employers in Canada

Wed, 19 Oct 2011 00:00:00 GMT

Accounting and Business Consulting Firm Honoured for the Fourth Consecutive Year

Taking a Balanced Strategic Approach to Management

Wed, 19 Oct 2011 00:00:00 GMT

Taking a balanced approach to ensure you are prepared to overcome obstacles and meet your business goals allows your oilfield services company to contend with the changing landscape.

MNP’s Balanced Strategic Approach to Management

Wed, 19 Oct 2011 00:00:00 GMT

Most successful oilfield service companies understand that effective strategic management and planning is a key factor of business success.

London – Demystifying Global Business Risk

Wed, 19 Oct 2011 00:00:00 GMT

October 19, 2011

Canadians Owning U.S. Real Estate and the U.S. Estate Tax

Tue, 18 Oct 2011 00:00:00 GMT

Many Canadians are surprised to learn that their estates may be subject to the U.S. estate tax to the extent that they hold certain property situated or deemed to be situated within the United States. The most common examples of such property are U.S. real estate and securities issued by U.S. corporations.

Nanaimo - Vancouver Island Economic Summit

Tue, 18 Oct 2011 00:00:00 GMT

October 18-19, 2011

Have the Government Help Pay For Your Vacation

Fri, 14 Oct 2011 00:00:00 GMT

The majority of families in Canada look forward to a vacation as a time to get away from the everyday routine of work and school and to relax and spend time with the family. In today’s economy, a business that could offer some potential savings to make a family’s vacation more affordable will be seen as being an attractive option.

Accounting for a Reverse Acquisition

Fri, 14 Oct 2011 00:00:00 GMT

There are two methods of accounting that need to be considered when a reverse acquisition takes place as the transaction would either fall under IFRS 2 Share based payment or IFRS 3 Business combinations.

Giving Credit Unions a Voice

Tue, 11 Oct 2011 00:00:00 GMT

MNP helps credit unions gain representation on a committee that shapes the future of accounting standards for members.

Buying U.S. Properties

Tue, 11 Oct 2011 00:00:00 GMT

Buying U.S. property may not be quite the investment it once was.

RRSPs: Much Ado About Nothing?

Sat, 08 Oct 2011 00:00:00 GMT

Maximizing RRSP or IPP contributions has long been considered an obvious investment axiom. However, you have to be wary of the rules of thumb, and in the case of the choice of investing through an RRSP or IPP vs investing corporately there are many variables that can impact on reaching the right decision.

Toronto – Hearty-har-har, a Comedy Show for a Stand-up Cause

Sun, 02 Oct 2011 00:00:00 GMT

October 2, 2011

Valuing Intangible Assets

Thu, 29 Sep 2011 00:00:00 GMT

The key to growing business value.

Should You Have Minor Children as Shareholders of Your Family Business?

Tue, 27 Sep 2011 00:00:00 GMT

A question business owners often ask is whether minor children should be shareholders in the family business corporation. Usually, this is a tax motivated question, in that the higher income parents wish to access the lower marginal tax rate of their minor children.

Toronto - IIA Canada National Conference

Sun, 25 Sep 2011 00:00:00 GMT

September 25-28, 2011

Will Planning

Thu, 22 Sep 2011 00:00:00 GMT

The planning relies on two key facts: First, The Income Tax Act treats a trust as a separate taxpayer and second, the Income Tax Act allows for property to roll over to a spouse on death.

Credit Unions Facing Fines

Mon, 19 Sep 2011 00:00:00 GMT

Description

Regina - Solutions 2011: Celero's Financial Technology Conference

Mon, 19 Sep 2011 00:00:00 GMT

September 19-21, 2011

Ottawa - RIMS Canada Conference

Sun, 18 Sep 2011 00:00:00 GMT

September 18-21, 2011

Freehold Mineral Rights: Canadian Resource Property for Income Tax Purposes

Fri, 16 Sep 2011 00:00:00 GMT

A Freehold Mineral Right is Canadian Resource Property for income tax purposes and is not considered capital property; as any gain on the disposition of Canadian Resource Property either on a sale or upon death will be taxed at the 100% inclusion rate.

Waterloo-Based Accounting Firm to Merge with MNP

Tue, 13 Sep 2011 00:00:00 GMT

Marketplace to benefit with enhanced services and more resources

A Simplified Method of Keeping Track of Car Expenses

Thu, 01 Sep 2011 00:00:00 GMT

Many people today not only use their car for personal use, but also for business purposes. As such, they are entitled to get a deduction for the business portion of their vehicle's expenses.

Montreal-Based Accounting Practice to Merge with MNP

Tue, 30 Aug 2011 00:00:00 GMT

Clients to benefit with enhanced services and more resources

Experienced Insolvency & Restructuring Professional to Join MNP's Toronto Practice

Wed, 24 Aug 2011 00:00:00 GMT

Sheldon Title, an experienced insolvency and restructuring professional will join MNP.

Financial Statement Requirements and Private Enterprise Transactions in Public Markets

Wed, 24 Aug 2011 00:00:00 GMT

Whether you are undertaking an initial public offering, business acquisition of a private company or a reverse takeover, identifying financial statement requirements in advance of your transaction will facilitate the timely completion of your transaction.

Capital Business Solutions Merges with MNP

Tue, 23 Aug 2011 00:00:00 GMT

Firms join to better serve the marketplace.

What is the Alternative Minimum Tax and Why am I Paying it?

Tue, 23 Aug 2011 00:00:00 GMT

The alternative minimum tax is an alternative method to calculate your taxes owing in Canada. This tax is often applicable when you have claimed a preferential tax deduction like the capital gain deduction / capital gain exemption and flow through shares or have preferential tax rates due to credits, such as dividend tax credits.

Farmland and 69(11) of the Income Tax Act

Fri, 12 Aug 2011 00:00:00 GMT

If you are contemplating the sale of your farmland and the expected capital gain will be in excess of your capital gain exemption, it is important to beware of 69(11) of the Income Tax Act in such a transaction or the resulting tax consequences will be an unpleasant surprise.

Changing Your Principal Residence into a Rental Property

Thu, 28 Jul 2011 00:00:00 GMT

It is not uncommon for individuals to relocate for work or studies on a short to mid-term basis. Usually the individual does not want to go through the cost or hassle of selling their residence only to return a short time later. Therefore, they may rent out their house as a way to cover operating costs or create profit during their absence.

The Power–and Value–of Your Brand

Thu, 28 Jul 2011 00:00:00 GMT

How a business valuator measures its financial value.

Jo-Ann Lempert, of Lempert Consulting, to Join MNP

Mon, 25 Jul 2011 00:00:00 GMT

Renowned transition management Consultant to join MNP.

Sheri L. Aberback, an experienced insolvency and restructuring professional to join MNP

Mon, 25 Jul 2011 00:00:00 GMT

MNP bolsters insolvency practice with addition of new team member.

Penticton - 12th Annual Enology & Viticulture Conference & Trade Show

Mon, 18 Jul 2011 00:00:00 GMT

July 18-19, 2011

Preventing Corruption in Foreign Operations

Fri, 15 Jul 2011 00:00:00 GMT

Companies with foreign operations need to take proactive measures to protect their reputation and their financial statements from corruption issues.

Stern Cohen Shier to merge with MNP

Thu, 14 Jul 2011 00:00:00 GMT

Insolvency practices join forces to better meet the financial needs of the community.

Penticton - How to Maximize & Assess the Value of Your Winery

Thu, 14 Jul 2011 00:00:00 GMT

July 14, 2011

The Purification of a Corporation

Tue, 12 Jul 2011 00:00:00 GMT

Successful businesses that operate in a corporate structure can find situations where excess cash/investments can create adverse tax consequences because the shares of a company may not qualify for the capital gains exemption either on the sale of the shares by the individual or on the death of the shareholder.

Calgary - The Calgary Stampede 2011

Fri, 08 Jul 2011 00:00:00 GMT

July 8-17, 2011

Gravel Extraction

Mon, 04 Jul 2011 00:00:00 GMT

Lucky you, there is gravel in your farm land worth a lot of money! Lots of money usually means income tax. What are the income tax consequences?

No penalties for late filing? Think again.

Mon, 27 Jun 2011 00:00:00 GMT

Many companies in a loss position are often not concerned about filing their corporate income tax returns on time thinking that there will be no late-filing penalties. Advisors also often tell clients not to worry about filing late when in a loss position.

Mississauga - CME: US Taxation Cross-Border Activity Workshop

Thu, 23 Jun 2011 00:00:00 GMT

June 23, 2011

Selling Owner-Managed Businesses – Tips and Traps

Tue, 21 Jun 2011 00:00:00 GMT

Whether the purchaser is an arm’s length entity, group of key employees or a family member, at some point all owners of successful businesses will consider the sale of their business and the resulting tax consequences.

Toronto - World Conference on Disaster Management

Sun, 19 Jun 2011 00:00:00 GMT

June 19 - 22, 2011

Calgary - CAUBO Conference 2011

Sat, 18 Jun 2011 00:00:00 GMT

June 18-21, 2011

Mississauga - Innovator Idol 3: Growing Your Business

Wed, 15 Jun 2011 00:00:00 GMT

June 15, 2011

Richmond Hill - YTA Technology Leadership Awards

Tue, 14 Jun 2011 00:00:00 GMT

June 14, 2011

Edmonton - FMI PSMW 2011

Sun, 12 Jun 2011 00:00:00 GMT

June 12-14, 2011

The Value of Good Hygiene

Wed, 08 Jun 2011 00:00:00 GMT

If you’re a dentist, you’ve told your patients that good hygiene is one of the most important things they can do to maintain the health of their teeth. But has anyone ever told you that developing a good hygiene practice is also one of the easiest and most important things you can do to maintain and improve the value of your dental practice?

Ottawa - FEI Canada National Conference

Wed, 08 Jun 2011 00:00:00 GMT

June 8 - 10, 2011

Re-Introducing the 2011 Federal Budget

Tue, 07 Jun 2011 00:00:00 GMT

Mr. Flaherty re-introduced the 2011 Federal Budget on Monday, June 6, 2011, restating all of the same measures previously announced in March.

Meyers Norris Penny announces new name, unveils new look

Mon, 06 Jun 2011 00:00:00 GMT

Meyers Norris Penny LLP has announced the firm’s name change to MNP and has unveiled a new logo to complement the change.

A New Development in the IRS Offshore Voluntary Disclosure Initiative Affects Americans in Canada

Fri, 03 Jun 2011 00:00:00 GMT

Previously, I wrote that US citizens and green-card holders who were delinquent in their US filing responsibilities generally had three choices. The IRS has added a new possibility that is much more attractive for many people.

Duncan – Vancouver Island University Business Breakfast

Thu, 02 Jun 2011 00:00:00 GMT

Several members of the MNP team will be attending the VIU Business Breakfast to learn about the new Cowichan Campus and how it will impact positively on the local community.

Victoria - Government Finance Officers Association of B.C. Annual Conference

Wed, 01 Jun 2011 00:00:00 GMT

MNP is proud to sponsor, attend and speak at the 2011 GFOA Annual Conference in Victoria.

Markham - Valuations Workshop for Lawyers and Advisors

Wed, 01 Jun 2011 00:00:00 GMT

June 1, 2011

Toronto - Valuations Workshop for Lawyers and Advisors

Tue, 31 May 2011 00:00:00 GMT

May 31, 2011

310 DEBT to Merge with MNP

Tue, 24 May 2011 00:00:00 GMT

Southwestern Ontario-based insolvency practice joins MNP.

GTA-based accounting firm to merge with MNP

Thu, 19 May 2011 00:00:00 GMT

This merger exemplifies MNP’s vision of strategic growth while adding more resources and expertise to better serve the needs of the marketplace

Does My Land Qualify?

Thu, 19 May 2011 00:00:00 GMT

An individual has $750,000 of capital gain deduction that can be used to offset capital gains realized on certain qualifying property, including land that is qualified farm property. The Income Tax Act has requirements that must be met for farmland to be considered qualified farm property.

Toronto - Growing a Small-Medium Business

Thu, 19 May 2011 00:00:00 GMT

May 19, 2011

Business Valuation 101

Wed, 18 May 2011 00:00:00 GMT

Steven Hacker, CA, CBV and Amanda Salvatori, CA, CBV of MNP LLP discuss what goodwill is worth.

Using Business Money for Personal Use? Prepare to Pay

Tue, 17 May 2011 00:00:00 GMT

Stella Gasparro, a Taxation Services Partner with Meyers Norris Penny LLP in Markham discusses how to avoid the consequences of using company money to finance home renovations.

Raising Money In the Secondary Market

Fri, 13 May 2011 00:00:00 GMT

At some point, a public company will need to raise capital in order to finance acquisitions, growth, or simply fund ongoing operations. Unless the company can rely on an exemption, regulatory authorities in Canada generally require companies to issue these securities through a registered securities dealer, and to file a prospectus.

Nanaimo - Greater Nanaimo Chamber of Commerce Sterling Community Awards

Fri, 13 May 2011 00:00:00 GMT

The annual Sterling Awards celebrates the outstanding individuals and organi¬zations that contribute significantly to overall service excellence in Nanaimo.

Salary vs Dividends: A Brief Overview

Thu, 12 May 2011 00:00:00 GMT

Canadian corporations have different tax rates depending on their size, their income, and the type of income earned. In Canada, we have a general theory that it should not matter how the income is earned, it should be subject to the same amount of tax once it has been received by the shareholder, regardless if it was earned in a company or not.

Toronto - Ontario Power Summit

Mon, 09 May 2011 00:00:00 GMT

May 9-10, 2011

Incorporating Your Business – Am I Too Late?

Tue, 03 May 2011 00:00:00 GMT

A financial planner contact recently brought a new client to me. The client (“Bob”) was investigating incorporating his business and wanted to understand the benefits. Bob had built his business over the last 8 years and was looking at selling within the next 5 years. He already had potential purchasers asking: “would you consider selling?”

Niagara Falls - 2011 Canadian Conference for Credit Union Leaders

Sat, 30 Apr 2011 00:00:00 GMT

April 30 - May 4, 2011

Food for Thought - You Can't Afford NOT to Have a Food Recall Plan

Fri, 29 Apr 2011 00:00:00 GMT

Threats to food safety are among the most serious risks to food and beverage processors today. I have 10 questions food processors should ask themselves in order to determine whether or not their plan is relevant.

Markham - Build to Last or Build to Sell?

Wed, 27 Apr 2011 00:00:00 GMT

April 27, 2011

Cash in on your Business Innovations

Tue, 26 Apr 2011 00:00:00 GMT

Many businesses develop innovative ways to overcome everyday problems, but did you know that some of your solutions could qualify as research and development (R&D) and be eligible for up to 41.5% in federal and provincial tax refunds?

Financial Barometer: Leading indicators of financial performance

Tue, 26 Apr 2011 00:00:00 GMT

As an accountant, providing you with an “official” score sheet for your company’s performance is just a small part of what we can do and isn’t the only approach to determining financial performance. This year, rather than asking your accountant “how did we do?”, try asking “what do we need to do to be more successful?”

Financing Equipment: How does your decision impact your bottom line?

Tue, 26 Apr 2011 00:00:00 GMT

Whether you purchase or lease a piece of equipment, it affects your financial statements and your tax return. The effects differ depending on whether you purchase or lease, but the take-home message is the same: financing your equipment can have a significant impact on your bottom line.

Saskatoon - Taxation Breakfast Seminar

Thu, 21 Apr 2011 00:00:00 GMT

April 21, 2011

Duncan - Breakfast Seminar: Exit Your Business On Your Terms

Wed, 20 Apr 2011 00:00:00 GMT

April 20, 2011

Can Your Trust Survive an Audit by the Canada Revenue Agency?

Tue, 19 Apr 2011 00:00:00 GMT

A trust can be a valuable tool for a family to use as part of an estate plan or for income splitting purposes. CRA is aware of these uses and seems to be focusing its audit efforts on the income splitting objectives.

Vancouver Accounting Firms to Merge

Thu, 14 Apr 2011 00:00:00 GMT

MNP and Chang Lee strengthen offerings for Pacific Rim clients.

Courtenay - Real Estate Board Commercial Building Awards

Thu, 14 Apr 2011 00:00:00 GMT

MNP is pleased to attend the 4th Annual Vancouver Island Real Estate Board Commercial Building Awards to recognize the top builders, contractors, developers, and buildings on Vancouver Island.

Parksville - Linking Island Business

Wed, 13 Apr 2011 00:00:00 GMT

The Vancouver Island Economic Alliance invites business and community leaders from across Vancouver Island to attend the inaugural Linking Island Business event.

Manitoba Budget Announcement - 2011

Tue, 12 Apr 2011 00:00:00 GMT

Finance Minister Rosann Wowchuk presented Manitoba’s 2011 Provincial Budget on April 12, 2011.

How Does Your Business Keep Score?

Tue, 12 Apr 2011 00:00:00 GMT

Even the most profitable companies are always looking for ways to get better. When looking at a business, there are many ways to measure its success. A common mistake is to measure your business’ performance by focusing solely on the bottom line.

Small Business Owners to Benefit from MNP's Self-Employment Program

Thu, 07 Apr 2011 00:00:00 GMT

MNP Partners with the Province of Alberta to encourage entrepreneurial spirit and help improve the regional employment rate in Southern Alberta.

Montreal-Based Valuation Firm to Merge with MNP

Wed, 06 Apr 2011 00:00:00 GMT

MNP LLP and Wise, Blackman LLP, announced that they will be merging effective June 1, 2011.

Forget the 'What' When Selling Wine

Wed, 06 Apr 2011 00:00:00 GMT

The vast majority of the market is made of people who won’t buy until someone else buys first. Sales take off when you get the early majority on side, but you can’t get there unless your message resonates with the early adopters. You can capture these people by switching your focus from what to why.

Creative Uses of Life Insurance for Estate Planning

Tue, 05 Apr 2011 00:00:00 GMT

Estate planning is simply not complete without considering life insurance.

What Dental Professionals Can Expect From Their Trusted Advisors

Mon, 04 Apr 2011 00:00:00 GMT

Dental professionals will get an an idea of the areas that their accountant and other professional advisors should be helping them with. This is not intended as an exhaustive list and we recognize that each individual’s situation is different. To optimize your results, you should meet with your advisors to customize a plan specifically for you.

Exit Your Business on Your Terms

Mon, 04 Apr 2011 00:00:00 GMT

If you are a business owner, you’ve invested years of your life and significant financial assets into developing a successful enterprise. But without a strategic approach to business succession planning, any value you’ve built may retire when you do. That’s why it’s important to have an exit strategy.

A Case Study on HST - Part III: Tangible Personal Property

Fri, 01 Apr 2011 00:00:00 GMT

Continuing on with our case study of Game Company, we will look at further instances of how the Place of Supply Rules regarding Tangible Property come to bear on their day-to-day operation.

IFRS and Regulatory Filing Requirements – What Your Company Needs to Know

Thu, 31 Mar 2011 00:00:00 GMT

The CSA has revised its rules to provide some transitional relief to companies in the year of adoption of IFRS. In addition, the Ontario Securities Commission has released an Issuer Guide to provide public companies with tips on filing their first IFRS interim financial report.

Mississauga - Enterprise Risk and Food Recall - Protecting your Profitability and Reputation with a Comprehensive Risk & Resiliency and Crisis Communication Plan

Thu, 31 Mar 2011 00:00:00 GMT

March 31, 2011

New York - Private Equity Investing In Canadian Companies - Finding Growth & Opportunity North of the Border

Thu, 31 Mar 2011 00:00:00 GMT

March 31, 2011

Harvest the Benefits of Tax-Incentive Programs for Your Winery

Wed, 30 Mar 2011 00:00:00 GMT

Running a winery is demanding and understanding the business of wine can be a full-time job. But to be successful, you need to tend to your business plan and tax situation as much as your winery. Knowing what tax-incentive programs are out there allows you to make informed business decisions and grow your operation.

Ontario Budget Announcement - 2011

Tue, 29 Mar 2011 00:00:00 GMT

In his Budget today, Ontario’s Finance Minister Mr. Dwight Duncan avoided making any of the “tough choices" necessary to balance the budget earlier than the planned 2018 fiscal year. His 2011 Budget contains no perceptible cuts to programs or expenditures.

Federal Budget brings changes to Corporate Partnerships

Fri, 25 Mar 2011 00:00:00 GMT

For tax purposes, a partnership is not considered a taxpayer, but rather an entity that calculates and allocates its taxable income to its partners. The partners then include this allocation in their taxable income in the year containing the fiscal year end of the partnership.

Saskatchewan Budget Announcement - 2011

Wed, 23 Mar 2011 00:00:00 GMT

Finance Minister Ken Krawetz presented Saskatchewan’s 2011 Provincial Budget on March 23, 2011.

A Case Study on HST - Part II: GST/HST Rates on Supplies

Tue, 22 Mar 2011 00:00:00 GMT

Continuing our discussion of Game Company located in Red Deer, Alberta- the question we will answer is with regards to the tax rate applied to the purchase of supplies.

Federal Budget Announcement - 2011

Tue, 22 Mar 2011 00:00:00 GMT

Federal Minister of Finance James M. Flaherty delivered the Conservative government’s Federal Budget on Tuesday, March 22, 2011.

The Benefits of Reorganizing Your Corporation

Mon, 21 Mar 2011 00:00:00 GMT

If you are in business and have your own corporation, you probably know about corporate structures. After all, you chose a corporate structure when you set up your corporation. So once you have your business in a corporation, why would you need to undertake reorganization? There are some very good reasons.

Canadian Bankruptcies Are Dropping

Mon, 21 Mar 2011 00:00:00 GMT

Lana Gilbertson, CIRP, a Trustee with Meyers Norris Penny Limited, talks with News1130 Radio about the declining rate of bankruptcy filings in Canada.

Quebec Budget Announcement - 2011

Sat, 19 Mar 2011 00:00:00 GMT

Quebec Finance Minister, Raymond Bachand, delivered his second budget speech on Thursday, March 17, 2011.

Calgary - Oilympics BBQ, Silent Auction and Dance

Sat, 19 Mar 2011 00:00:00 GMT

MNP presents the 'Jeff Toews Memorial Award' to the player that best embodies the spirit of sportsmanship and giving that underlies this charitable fundraiser.

The Eligible Dependant Credit and Shared Parenting

Fri, 18 Mar 2011 00:00:00 GMT

We'll discuss how a Canadian individual can become eligible to claim the wholly dependent person tax credit.

Canadian bankruptcy filings fall as economy improves

Fri, 18 Mar 2011 00:00:00 GMT

Marvin Zweig, CA, CIRP, Trustee in Bankruptcy with Meyers Norris Penny Limited, said he is not yet convinced there has been a broad turnaround in insolvencies in Canada. He said a flood of new companies have emerged offering to help consumers informally restructure their debts.

Motion 601 Has Legs

Wed, 16 Mar 2011 00:00:00 GMT

Motion 601 may finally allow world-class Canadian wine to flow from coast to coast and open the doors to increased revenue for wineries.

A Case Study on HST - Part I: Place of Supply Rules

Thu, 10 Mar 2011 00:00:00 GMT

The Place of Supply rules are necessary to determine the appropriate rate of tax to charge. Under the GST/HST system if you are registered for these taxes, it is the requirement of the person selling the good or supplying the service to charge the correct rate of tax.

Uncle Sam Wants You (and he means it this time)

Thu, 10 Mar 2011 00:00:00 GMT

Kevyn Nightingale, CA, CPA, of MNP's International Tax team discusses the new voluntary disclosure initiative put forward by the IRS.

The CRA's View on the Activity of Making Wine

Wed, 09 Mar 2011 00:00:00 GMT

There are few “black and white” answers when it comes to Canadian tax law. Most situations require a careful evaluation of the facts combined with knowledge of the Income Tax Act, related resources and case law. The question of whether the activity of making wine constitutes farming is a great example.

Donations of Marketable Securities

Tue, 08 Mar 2011 00:00:00 GMT

Want to support a favorite Canadian registered charity but find yourself short on cash? If you have shares in a public company that have appreciated in value, you could sell the shares and donate the cash to the charity. Donating the shares directly is another way of getting an even greater tax credit.

Grande Prairie - Business Succession: Which Exit Will You Take?

Tue, 08 Mar 2011 00:00:00 GMT

March 8, 2011

A Beginner's Guide to U.S. Property Ownership

Fri, 04 Mar 2011 00:00:00 GMT

Kathy Bonazew, a Specialty Tax Manager with MNP provides insight to the Edmonton Journal on what Canadians who own U.S. property should be aware of.

GST/HST Developments in the Financial Sector

Thu, 03 Mar 2011 00:00:00 GMT

The year 2010 contained significant GST/HST developments that affected the financial services sector. Complex legislation dealing with imported taxable supplies and input tax credits (ITCs) were put into force. It also provides detailed rules for classifying and allocating expenses and purchases for input tax credit purposes.

To IFRS or Not to IFRS? Incorporating IFRS in the United States

Thu, 03 Mar 2011 00:00:00 GMT

As deliberation continues on whether the United States (“U.S.”) will incorporate International Financial Reporting Standards (“IFRS”) into the U.S. financial reporting system, many public companies are left uncertain about their future accounting principles.

Duncan - Breakfast Seminar: How Does Your Business Keep Score

Thu, 03 Mar 2011 00:00:00 GMT

Thursday, March 3, 2011

Technology Consulting Firm to Join MNP

Wed, 02 Mar 2011 00:00:00 GMT

Enhanced consulting services to benefit marketplace.

Change in Corporate Governance Landscape: How to Manage Risk In Your Organization

Wed, 02 Mar 2011 00:00:00 GMT

On April 11 and 12, 2011, Federated Press is organizing a course in Calgary titled “Board Risk Management” and one of the speakers is Maggie Kiel, MNP’s ERM and Internal Audit Practice Leader.

Forming a Peer Advisory Group

Fri, 25 Feb 2011 00:00:00 GMT

Grant Griffith discusses the benefits for producers working within peer advisory groups and provides some guidelines for success. Through the guidance and advice of an advisory group, producers can help each other to establish more efficient and sophisticated business operations.

Alberta Budget Announcement - 2011

Thu, 24 Feb 2011 00:00:00 GMT

On Thursday, February 24, 2011, the Alberta Minister of Finance and Enterprise, Lloyd Snelgrove, presented the Province’s 2011 Budget.

Canada’s Anti-Corruption Legislation – after more than 10 years, could increased enforcement be near?

Thu, 24 Feb 2011 00:00:00 GMT

On January 31, 2011, Transparency International Canada issued a press release highlighting the fact that the RCMP’s Sensitive Investigations and International Anti-Corruption Unit currently has 23 active investigations into suspected breaches of the Canadian Foreign Public Officials Acts (CFPOA).

Calgary - ASPE Presentation

Thu, 24 Feb 2011 00:00:00 GMT

February 24, 2011

Is Winemaking Farming?

Wed, 23 Feb 2011 00:00:00 GMT

When you are an accountant dealing with tax issues on a daily basis, you need to get comfortable with the fact that there are few “black and white” answers when it comes to Canadian tax law.

Are You Correctly Applying Fair Value Standards? Purchase Price Allocations and Goodwill Impairment Tests

Fri, 18 Feb 2011 00:00:00 GMT

The transaction market in Canada has declined over the last few years, but the importance of properly recognizing assets acquired in an acquisition has not. Properly accounting for assets acquired in a merger or acquisition can have significant monetary implications.

Employee Stock Options of Publicly Traded Companies: What You Don't Know Could Cost You

Fri, 18 Feb 2011 00:00:00 GMT

Several amendments to the employee stock option rules under the Income Tax Act that were originally proposed in the March 4, 2010 federal budget have recently been enacted and have effect as of March 4, 2010. These amendments mainly affect publicly listed companies and their employees.

Using Your Capital Gain Deduction

Thu, 17 Feb 2011 00:00:00 GMT

If you own a Canadian business, you have probably heard something about the capital gain deduction (or capital gain exemption). In my practice, clients are often surprised to learn it is not available to all businesses in all situations.

Maximizing the Northern Residents Deduction

Thu, 17 Feb 2011 00:00:00 GMT

For employers in Northern Canada, there is an opportunity to help employees with the travel component of their Northern Residents Deduction.

Taber - Open House

Thu, 17 Feb 2011 00:00:00 GMT

February 17, 2011

Anti-Fraud Issues for Dental Practices

Wed, 16 Feb 2011 00:00:00 GMT

Among professionals, the group most susceptible to fraud is dental practices. We'll go over the reasons why dentists are at risk more than any other professionals group and discuss what dentists can do to protect themselves and their practice.

So You Want to Claim Your Capital Gains Exemption?

Tue, 15 Feb 2011 00:00:00 GMT

The Canadian Income Tax Act (“the Act”) allows vendors of shares of a qualifying small business corporation to claim a deduction from taxable income. This deduction, commonly referred to as the Lifetime Capital Gains Exemption (“LCGE”) is more difficult to access than one might expect.

B.C. Budget Announcement - 2011

Tue, 15 Feb 2011 00:00:00 GMT

On Tuesday, February 15, 2011, the BC Minister of Finance, Colin Hansen, presented the Province’s 2011 Budget. The Budget Speech proclaimed it the “status quo” budget, reaffirming the government’s pledge to fund vital public services while continuing to practice prudent fiscal management.

Vancouver - AFOA National Conference 2011

Tue, 15 Feb 2011 00:00:00 GMT

February 15-17, 2011

Overview of the Estate and Gift Tax Provisions of 2010

Mon, 14 Feb 2011 00:00:00 GMT

The 2010 Tax Relief Act provides temporary relief. Among other changes, it reduces estate, gift and generation-skipping transfer (GST) taxes for 2011 and 2012.

Correctly Applying Fair Value Standards: What You Need to Know About Purchase Price Allocations and Goodwill Impairment Tests

Mon, 14 Feb 2011 00:00:00 GMT

Given that the transaction market is on the incline, it's timely to remember the importance of properly of properly recognizing assets acquired in an acquisition has not. Properly accounting for assets acquired in a merger or acquisition can have significant monetary implications for a company.

U.S. 2011 Offshore Voluntary Disclosure Initiative

Fri, 11 Feb 2011 00:00:00 GMT

The IRS has been trying for years to get Americans with money offshore to disclose these accounts and report the income. On February 8, the IRS announced a new voluntary disclosure initiative to get non-compliant persons – U.S. citizens, residents, and green-card holders – into the system and compliant.

Will HST Legislation Changes Impact My Credit Union?

Wed, 09 Feb 2011 00:00:00 GMT

If you are considered as a Selected Listed Financial Institution, you will be required to file a form known as the Special Attribution Method for your upcoming fiscal year end. This form is required to be filed once per year within three months of your fiscal year end, commencing for all fiscal year-ends after July 1, 2010.

Using Charitable Donations in Your Estate Plan

Tue, 08 Feb 2011 00:00:00 GMT

Like many Canadians, you may be considering making a charitable gift as a component of your Estate Plan. Not only is there the philanthropic benefit, but the donation credit can result in beneficial tax results.

ERCB Directive 76: SOX for the Measurement World

Thu, 03 Feb 2011 00:00:00 GMT

The Energy Resources Conservation Board (“ERCB”) of Alberta recently implemented the Enhanced Production Audit Program (“EPAP”) to raise the level of assurance over compliance with ERCB measurement and reporting requirements. EPAP is being implemented through Directive 76: Operator Declaration Regarding Measurement and Reporting Requirements.

Edmonton - An Evening to Support

Thu, 03 Feb 2011 00:00:00 GMT

February 3, 2011

Toronto - HRPA Annual Conference & Trade Show

Wed, 02 Feb 2011 00:00:00 GMT

February 2 - 4, 2011

Canadians Wintering in the U.S.

Tue, 01 Feb 2011 00:00:00 GMT

From a U.S. income tax perspective, certain rules apply to Canadians wintering in the U.S. Here's what you need to know.

Transitioning the Family Farm

Wed, 26 Jan 2011 00:00:00 GMT

Given the significant increases in land and quota values over the last number of years, it is becoming increasingly difficult to transfer the family farm at fair market value. This tax-deferred rollover can be an invaluable tool in succession planning and benefit future generations.

CRA Coming for Unpaid $138 million

Fri, 21 Jan 2011 00:00:00 GMT

Happy New Year from the Canada Revenue Agency. With a lead-in line like that, you know it can’t be good – and it isn’t.

US Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010

Wed, 19 Jan 2011 00:00:00 GMT

After much speculation, anticipation and the usual political rhetoric, the US Congress finally passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The Act will affect most US taxpayers, including the many Canadian individuals and businesses that are subject to US taxation.

Toronto - Advanced Business Fundamentals Seminar

Wed, 19 Jan 2011 00:00:00 GMT

This seminar will provide a guide to conducting a business diagnostic that assists in identifying root causes for the critical issues affecting your organization’s performance.

What Public Companies Need to Know About Reporting Requirements

Wed, 12 Jan 2011 00:00:00 GMT

Assuming that you have successfully made it through the IPO process and have raised the capital necessary to achieve your future strategic objectives, the next challenge is to ensure that you have the infrastructure and business processes in place to ensure compliance with financial and non-financial reporting requirements.

Deviations on the Typical Estate Freeze

Tue, 11 Jan 2011 00:00:00 GMT

When the current generation wishes to transfer growth to the next generation to limit the exposure to taxes on death, they will almost always look at using an estate freeze. If the individuals own assets personally that are accruing value, the assets would normally be transferred to a corporation to effect the estate freeze.

Public Company Reporting Requirements

Thu, 06 Jan 2011 00:00:00 GMT

The transition to being a public company will increase the scrutiny by shareholders and analysts to receive fair and fulsome disclosure about the business and nature of operations with which to make investment decisions. In addition, the securities commissions will ensure compliance with regulatory requirements.

Choosing the Right Appraiser – for CAIRP Members and People Who Want Accurate Appraisals

Wed, 29 Dec 2010 00:00:00 GMT

The Canadian Association of Insolvency and Restructuring Professionals (CAIRP) has updated the Standards of Professional Practice, challenging members to ensure they have the right person for the appraisal engagement.

IPP - Terminal Funding

Tue, 28 Dec 2010 00:00:00 GMT

Individual Pension Plans (IPPs) are an excellent vehicle for business owners to save for retirement on a tax effective basis. We're going to focus on one particular benefit of IPPs, referred to as terminal funding. This is a large contribution opportunity which arises when the business owner retires.

Preventing Fraud in Non-Profit Organizations: Part 2 - Understanding your risks

Wed, 22 Dec 2010 00:00:00 GMT

Fraud schemes are limited only by the imagination of the perpetrators and fraudsters are a creative lot who don’t think twice of committing fraud against non-profit organizations – we have seen too many examples of this in the headlines.

Just In Time, Tax-Saving Tips

Mon, 20 Dec 2010 00:00:00 GMT

Not that anyone is looking for more things to do at this time of year, but the end of the calendar year is a pretty important date from an income tax perspective. Retroactive tax planning isn't particularly effective, so be pro-active this year and give some thought to the following ideas

A Higher Standard for Appraisal Professionals: What you need to know before selecting an appraiser

Thu, 16 Dec 2010 00:00:00 GMT

The Canadian Association of Insolvency and Restructuring Professionals has updated the Standards of Professional Practice effective this year. This includes Standard 10-2 Appraisals. This standard defines the duty of care that needs to be applied when an insolvency and restructuring professional Member uses an appraiser.

Is a Private Health Services Plan Right for Your Business' Taxation Needs?

Tue, 07 Dec 2010 00:00:00 GMT

Let’s set the scene – you're an entrepreneur; you have a spouse who isn’t working and you are about to have your first child. You currently have no staff, but your business is expanding rapidly and you need to hire some employees and they're going to want medical and dental coverage. What plan is right for your business' taxation needs?

The WikiLeaks Aftermath: Why Your Business Needs a Whistle Blower Hotline

Fri, 03 Dec 2010 00:00:00 GMT

Greg Draper, the Investigative and Forensic services Leader at MNP discusses how business owners can promote internal whistle-blowing programs to protect their organizations from the growing threat of WikiLeaks and other social media sites.

Whistle Blower Discussion with Greg Draper

Fri, 03 Dec 2010 00:00:00 GMT

Discussion with Greg Draper, MNP Investigate and Forensic Services, about Wikileaks and the need for establishing an ethics hotline for employees. Listen to the full interview >>

Fair Value Increase on Adoption of New Accounting Standards for Private Enterprises

Wed, 01 Dec 2010 00:00:00 GMT

After choosing whether to adopt IFRS or the newly developed ASPE, our Private Enterprise clients ask us what they need to consider before deciding to “fair value” their property, plant and equipment upon adoption of their new accounting framework. This is what we tell them.

Richmond Accounting Practice to Merge with MNP

Tue, 30 Nov 2010 00:00:00 GMT

Merger marks new Richmond location for MNP.

The Effect of New Canadian Auditing Standards on Your Year-End Audit

Thu, 25 Nov 2010 00:00:00 GMT

Canadian Auditing Standards (commonly known as CAS) will be applicable for all Canadian audit engagements for periods ending on or after December 14, 2010. The changes result from harmonization with the International Standards on Auditing (ISA).

Putting Our People First in the Greater Toronto Area

Wed, 24 Nov 2010 00:00:00 GMT

At MNP, our people are the driving force behind our success and the reason why we have grown to become one of the largest chartered accountancy and business advisory firms in Canada, with an ever growing presence in the GTA.

Civil Search Warrants in Canada: Guidance for Anton Piller Orders

Tue, 23 Nov 2010 00:00:00 GMT

Civil search warrants in Canada are known as Anton Piller Orders, after the famous 1976 English case Anton Piller KG v. Manufacturing Process Ltd., which defined the process of civil search and seizure under common law.

Regina - Agribition 2010

Mon, 22 Nov 2010 00:00:00 GMT

November 22 - 27, 2010

MNP Named one of the Best Employers in the Greater Toronto Area

Fri, 19 Nov 2010 00:00:00 GMT

First time win in the GTA for accounting and business advisory firm.

How Credit Unions can use Innovation as a Tax Advantage

Wed, 17 Nov 2010 00:00:00 GMT

The Canada Revenue Agency currently has a tax credit program in place that may allow a Credit Union to receive a refund for a portion of expenditures made to address off-the-shelf system deficiencies, extensions to the application that are required to meet Credit Union business practices, or architecturally based shortcomings.

Saskatoon - Agri-Trend 2010

Tue, 16 Nov 2010 00:00:00 GMT

November 16 - 18, 2010

Toronto|Markham|Kitchner - MNP Signature Seminar Series

Mon, 15 Nov 2010 00:00:00 GMT

November 15 & 17, 2010

Toronto - Toronto Academy of Dentistry’s 73rd Annual Winter Clinic

Fri, 12 Nov 2010 00:00:00 GMT

November 12, 2010

The Trend Toward Environmental Accounting

Wed, 10 Nov 2010 00:00:00 GMT

With the recent oil spills, ongoing clean-up efforts, and an overall increase in environmental consciousness, Environmental or “Green” Accounting has come into focus.

Toronto - Ivey Venture Forum

Thu, 04 Nov 2010 00:00:00 GMT

November 4, 2010

Capitalizing on the Capital Gains Deduction - Incorporating Your Farm Partnership

Mon, 01 Nov 2010 00:00:00 GMT

In past articles, we have discussed the capital gains deduction and the assets a farmer might own that qualify for the deduction. We also discussed the use of a partnership in a farming operation. In this article, we will discuss the potential use of the capital gains deduction on the incorporation of your farm partnership.

Putting Our People First

Fri, 29 Oct 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP) has been recognized as of one of the Best Employers in Canada for the third consecutive year.

MNP Named One of the Best Employers in Canada

Thu, 28 Oct 2010 00:00:00 GMT

Accounting and business advisory firm climbs up the ranks of coveted list for third consecutive year.

Kelowna - Thompson Okanagan Dental Conference

Thu, 28 Oct 2010 00:00:00 GMT

October 28 - 30, 2010

Preventing Fraud in Non-Profit Organizations: Part 1 - Tone at the Top

Wed, 27 Oct 2010 00:00:00 GMT

Non-profit organizations have certain specific features which make them particularly susceptible to fraud. So how can non-profits protect themselves? In this series, we will try and help non-profit organizations do just that by providing guidelines on how to safeguard their assets and reputation, starting at the (Tone at the)Top.

New Tax Rules for Employee Stock Options

Wed, 27 Oct 2010 00:00:00 GMT

The 2010 Federal Budget proposed changes that will have a significant impact on public companies that use stock options as a means of compensation. These changes relate to how stock options are taxed in the hands of employees, directors and officers, and they come into effect in just a few months.

Vancouver Island - "State of the Island" Economic Summit

Mon, 25 Oct 2010 00:00:00 GMT

MNP is proud to sponsor the Vancouver Island “State of the Island” Economic Summit.

Termination Best Practices: Preserving Dignity

Wed, 20 Oct 2010 00:00:00 GMT

Terminating an employee is never an easy task, no matter how many times you have done it. When making the decision to terminate an employee, keep in mind that your primary goal is to maintain the employee’s dignity throughout this difficult process while also balancing the needs of your organization.

Fraud Alert: Lottery Scam

Tue, 19 Oct 2010 00:00:00 GMT

MNP has become aware of a sweepstakes scam that uses the good name of Coast Capital Savings Credit Union in order to trick individuals into sending money.

Training as a Retention Tool

Mon, 18 Oct 2010 00:00:00 GMT

Retention should be a priority for all businesses. Have you ever stepped back to consider the impact training can have on retention?

Toronto - Money Laundering in Canada 2010 Conference

Sun, 17 Oct 2010 00:00:00 GMT

October 17-19, 2010

Webinar - Credit Union GST Form 111

Thu, 07 Oct 2010 00:00:00 GMT

Committed to helping Credit Unions succeed in today’s changing landscape, MNP invites you to an information session directed to assisting Credit Unions in completing GST Form 111E.

Montreal-Based Chartered Accounting Firm to Merge with MNP

Wed, 06 Oct 2010 00:00:00 GMT

Merger marks MNP milestone as first full service office in Quebec.

Going Public – The Implications to your Human Capital Group

Mon, 04 Oct 2010 00:00:00 GMT

When making the decision to go public there are numerous considerations to keep in mind. Going public could be the best decision you ever made but don’t forget about the people side of your business if you choose to do this!

Toronto - Veterinary Emergency Clinic’s Vet Appreciation Day

Sat, 02 Oct 2010 00:00:00 GMT

October 2, 2010

Family Farm Partnerships

Fri, 01 Oct 2010 00:00:00 GMT

A typical family farm operation generally takes the shape of three main forms: a proprietorship, a partnership or a corporation. There are significant tax planning benefits available when operating a farm in a partnership structure as opposed to sole proprietorship.

Considering Going Public

Thu, 30 Sep 2010 00:00:00 GMT

Becoming a publicly traded company represents a significant achievement for any organization. Before you jump in, it’s important to get professional advice. Here is a synopsis of important factors to consider.

Waterloo - MNP's Signature Blend Seminar Series

Wed, 29 Sep 2010 00:00:00 GMT

September 29, 2010

What Credit Unions Need to Know About the New Canadian Auditing Standards (CAS)

Tue, 28 Sep 2010 00:00:00 GMT

With the adoption of Canadian Auditing Standards (CAS) for credit unions with year ends on or after December 14, 2010, the auditor's report date will be the date that the Board of Directors approve the financial statements. What will this mean for your upcoming audit?

Niagara Falls - CANDO Annual National Conference & AGM

Mon, 27 Sep 2010 00:00:00 GMT

September 27 - 30, 2010

Edmonton - Northwest Dental Exposition 2010

Fri, 24 Sep 2010 00:00:00 GMT

September 24, 2010

Leveraging Government Agri-Food Policy to Control Health Care Costs

Wed, 22 Sep 2010 00:00:00 GMT

A significant amount of your tax dollars are going to health care. As the population ages, health care costs will increase. At the same time, paying for health care impacts the government’s ability to invest in agriculture and agri-food programs.

Toronto - Canadian Total Rewards Conference

Tue, 14 Sep 2010 00:00:00 GMT

September 14 - 16, 2010

Changes to the Auditor's Report Date May Affect Your Audit

Wed, 08 Sep 2010 00:00:00 GMT

Canadian Auditing Standards will be applicable for all Canadian audit engagements for periods ending on or after December 14, 2010. So what does this mean for your company’s audit? There is one change, specifically, that you need to be aware of.

Business Training Designed For You

Tue, 07 Sep 2010 00:00:00 GMT

Building capacity in your community with MNP’s customized training solutions.

Net Tangible Asset Value: Part 3 - The Value of Leverage

Wed, 01 Sep 2010 00:00:00 GMT

This is perhaps the least well understood adjustment, the CBV may look at the difference between the existing and the optimal capital structure of the company as at the Valuation Date. For clarity, a company has two primary sources of capital, debt and equity, and the capital structure is probably best expressed as the debt to equity ratio.

Capitalizing on the Capital Gains Deduction

Wed, 01 Sep 2010 00:00:00 GMT

Saskatchewan business owners and farmers may be missing out on significant tax savings. The capital gains deduction allows you to claim a deduction of up to $750,000, which can be used to offset capital gains incurred on the disposition of either qualified small business corporation shares or qualified farm property.

Stars & Sustainers - Why You Need Both In An Organization

Mon, 30 Aug 2010 00:00:00 GMT

Last week I had lunch with a client of mine. And so began the conversation around what is a Star versus a Sustainer... and why you need to have both.

Tailored to Fit - Customized business training programs help Aboriginal communities succeed

Thu, 26 Aug 2010 00:00:00 GMT

Building capacity is key for First Nations, Inuit and Metis communities interested in developing economic opportunities for long-term success. This is where customized training solutions can be an effective tool at achieving that goal.

Gormley - 2010 Ladies Golf Classic

Thu, 26 Aug 2010 00:00:00 GMT

August 26, 2010

It’s Time to Consider a Food Safety Tax Credit

Wed, 25 Aug 2010 00:00:00 GMT

While Canada has an excellent system of food safety, recent crises and product recalls have given food safety a high public profile -- raising the question of whether government and the food industry are investing sufficient financial and human resources to adequately address complex risks.

CRA Provides Guidance on IFRS Start-up and Tax Reporting

Wed, 25 Aug 2010 00:00:00 GMT

On June 4, 2010, the CRA issued new guidance on how the IFRS will affect tax reporting. The requirement to adopt IFRS applies to publicly accountable enterprises and will replace Canadian GAAP as the acceptable set of accounting standards.

Weyburn - Weyburn Minor Football League BBQ

Wed, 25 Aug 2010 00:00:00 GMT

August 25, 2010

Estevan - Estevan Comprehensive Elecs BBQ

Tue, 24 Aug 2010 00:00:00 GMT

August 24, 2010

Net Tangible Asset Value: Part 2 – Redundant Assets

Wed, 18 Aug 2010 00:00:00 GMT

Once all the corporate assets of the company have been adjusted from their reported net book value to their respective fair market values, the CBV will assess if any of those corporate assets are not required in order to generate the expected future operating cash flow.

Mortgage Fraud Discussion with Greg Draper

Thu, 12 Aug 2010 00:00:00 GMT

Discussion with Greg Draper, MNP Investigate and Forensic Services, about the massive mortgage fraud, one that has cost eight banks $12 million, and it's left more than a dozen people with a huge debt they can't afford.

IRS Uses US Healthcare to Catch Non-Compliant Canadian Taxpayers – “Universal Coverage” may have new meaning

Wed, 11 Aug 2010 00:00:00 GMT

Who would have thought US healthcare reform would have such a unique and profound effect in Canada? Buried in the details of “The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act” is a hidden provision that may well change how Canadian Corporations are taxed by the Internal Revenue Service (“IRS”).

City Ripe for Real Estate Fraud

Fri, 06 Aug 2010 00:00:00 GMT

Greg Draper discusses how Calgary and Alberta have been prime grounds for mortgage fraud.

Why Hiring An External Auditor Provides Value

Wed, 04 Aug 2010 00:00:00 GMT

Many Canadian organizations self diagnose themselves as low risk for money laundering because they do not handle cash or they are in a small community and know their clients well. However one provincial gaming authority found out the hard way last week that their internal controls and procedures were ineffective.

It’s Time to Consider a Food Safety Tax Credit

Wed, 04 Aug 2010 00:00:00 GMT

While Canada has an excellent system of food safety, recent crises and product recalls have given food safety a high public profile. With the industry experiencing a number of challenges, such as aging infrastructure and strong global competition, the pressure to improve safety comes at a difficult time.

Understanding Proposed Changes to Venture Issuer Regulation

Wed, 28 Jul 2010 00:00:00 GMT

On May 31, 2010, the Canadian Securities Administrators (CSA) issued a consultation paper called Tailoring Venture Issuer Regulation. In it, the CSA proposes a single new regulatory instrument for venture issuers in an effort to reduce disclosure requirements.

Net Tangible Asset Value: Part 1 – Fair Market Value

Mon, 26 Jul 2010 00:00:00 GMT

There really are only two types of value in a company, the value of the tangible assets, and the value of the intangible assets. The fair market value of a company is the sum of these two types of assets. While this may seem obvious, the twist is that the value of the intangible assets is often not calculated directly.

Penticton - 11th Annual Enology & Viticulture Conference & Trade Show

Mon, 19 Jul 2010 00:00:00 GMT

July 19 - 20, 2010

Employee Assistance Programs: Enhancing Effectiveness & Accountability

Thu, 15 Jul 2010 00:00:00 GMT

EAPs can play a key role helping employees and their eligible family members address personal issues that, without outside assistance, could have a negative impact on work performance. In today’s workplaces, a growing number of organizations are recognizing the value of offering Employee Assistance Programs (EAPs) for their people.

Grande Prairie - Teepee Creek Stampede

Thu, 15 Jul 2010 00:00:00 GMT

July 15, 16, 17 & 18, 2010

Waterloo - Workplace Violence and Harassment Seminar – Complying with Bill 168

Tue, 06 Jul 2010 00:00:00 GMT

July 6, 2010

The 'Great Training Program' Equation

Mon, 05 Jul 2010 00:00:00 GMT

Often times, companies make the mistake of having one of their experts in a field deliver a session on their area of expertise. Great training programs, no matter what the content or format, result from an interwoven involvement of Subject Matter Experts (SME’s) and Instructional Designers.

Meyers Norris Penny acquires PwC’s Personal Insolvency practice

Wed, 30 Jun 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP) has acquired certain regions of the Personal Insolvency practice of PricewaterhouseCoopers LLP (PwC) effective July 1, 2010.

Saskatoon - The Princess Shop's 3rd Annual Perfectly Pink Appreciation BBQ

Wed, 30 Jun 2010 00:00:00 GMT

June 30, 2010

Is Cash King: The Merits of Taking "Paper" as Consideration for the Sale of Your Business

Tue, 29 Jun 2010 00:00:00 GMT

Is cash really king? The answer is almost always a resounding yes, especially when it comes to selling your business. Taking cash mitigates the risk that you won’t recover full value in the future. But these days 100% cash deals are rare and there are always exceptions to the rules.

Bill 168 & Workplace Violence: Part 5 - Develop & Implement Training Programs

Mon, 28 Jun 2010 00:00:00 GMT

Without training surrounding workplace violence and harassment, employees do not know what to do in the event of an incident or how to prevent violence before it happens. Providing training is another step to compliance with Bill 168.

Saskatoon - Mogathon

Sat, 26 Jun 2010 00:00:00 GMT

June 26, 2010

Bill 168 & Workplace Violence: Part 4 - Creating Policies & Programs

Mon, 21 Jun 2010 00:00:00 GMT

Upon completion of the workplace violence Risk Assessment, the second step towards compliance is the development of policies and programs which address workplace violence and harassment. Well-drafted policies can provide employees information regarding what constitutes harassment or violence and how to report incidents.

Markham - Inaugural York Technology Leadership Awards and Member Recognition Luncheon

Thu, 17 Jun 2010 00:00:00 GMT

June 17, 2010

Calgary - PSAC 2010 Spring Investment Symposium

Thu, 17 Jun 2010 00:00:00 GMT

June 17-18, 2010

Use and Taxation of Discretionary Family Trusts

Wed, 16 Jun 2010 00:00:00 GMT

Unlike a corporation, a trust is not a legal entity, but is a legal relationship. The trust relationship is created by intention. The intention to create a trust is usually evidenced by a document signed by the settlor and the trustees which outlines the obligations and powers of the trustees, as well as the interests of the beneficiaries.

Managing the Harmonized Sales Tax - What Businesses Need to Consider

Wed, 16 Jun 2010 00:00:00 GMT

Currently many businesses are able to purchase inventory and certain equipment used in specialized sectors exempt of PST. After July 1, 2010, these purchases will be subject to HST.

Managing the Harmonized Sales Tax - How will the HST affect Cross-Provincial Shipping?

Tue, 15 Jun 2010 00:00:00 GMT

Effective July 1, 2010, B.C.’s and Ontario’s Provincial Sales Tax (PST) will be eliminated and replaced by the HST. From this date forward, sales of goods, services, certain real property and intangibles “supplied” in B.C. will be taxed at 12% HST.

Managing the Harmonized Sales Tax - How will the HST affect business and consumer contracts?

Mon, 14 Jun 2010 00:00:00 GMT

Businesses must understand what rate of GST or HST to apply to all their contracts before and after July 1, 2010. This is to prevent interest and penalties from being assessed if GST or HST is not applied correctly to a particular contract.

Grande Prairie - Relay For Life

Fri, 11 Jun 2010 00:00:00 GMT

June 11, 2010

Alberta’s Chartered Accountants recognized for their community and professional achievements

Thu, 10 Jun 2010 00:00:00 GMT

The Institute of Chartered Accountants of Alberta (ICAA) will host the 2010 Merit Awards Gala in Jasper, Alberta. This year, five team members from MNP will be acknowledged with a Merit Award.

Saskatoon - SYPE Silver Spade Awards and Gala

Thu, 10 Jun 2010 00:00:00 GMT

June 10th, 2010

Just What Exactly Is a Technological Obstacle in the SR&ED Program?

Wed, 09 Jun 2010 00:00:00 GMT

From our last post we know that the first thing to figure out is whether or not you have performed a technological advancement. One of the key factors into determining whether or not an advance happened are what obstacles did you have to overcome, or rather what uncertainties did you have when attempting to achieve your technological advancement?

Victoria - FEI Canada:Financial Executives International Annual Convention

Wed, 09 Jun 2010 00:00:00 GMT

June 9-11, 2010

Bill 168 & Workplace Violence: Part 3 - Conducting Your Workplace Violence Risk Assessment

Mon, 07 Jun 2010 00:00:00 GMT

Compliance to Bill 168 begins with a risk assessment. A risk assessment evaluates the risks of workplace violence that may arise from the nature of the workplace, the type of work or the conditions of work. A risk assessment begins with the identification of current risks.

Campbell River - Chamber of Commerce Business Awards of Distinction

Sat, 05 Jun 2010 00:00:00 GMT

June 5, 2010

Calgary - SEPAC Spring Investor Showcase

Thu, 03 Jun 2010 00:00:00 GMT

June 3, 2010

Piikani Child Care Centre Opens

Tue, 01 Jun 2010 00:00:00 GMT

With assistance from MNP, the Nation was able to move the project forward and completed on time with a reduction of $1.3M from the initial expected cost.

How will the HST affect my contracts?

Tue, 01 Jun 2010 00:00:00 GMT

Heather Weber, CGA, explains how the new Harmonized Sales Tax (HST) will have an impact on every industry that provides contract services in Ontario and B.C., including trades people.

Bill 168 & Workplace Violence: Part 2 - Making Your Organization Compliant

Mon, 31 May 2010 00:00:00 GMT

Organizations may find themselves asking: “What are the consequences if I do not comply with Bill 168?” Non-compliance with Bill 168 will be subject to fines and penalties that currently exist with respect to the Occupational Health and Safety Act.

Edmonton Corporate Challenge 2010

Fri, 28 May 2010 00:00:00 GMT

May 28 - June 12, 2010

Saskatoon - 29th Annual YWCA Women of Distinction Awards 2010 Dinner

Thu, 27 May 2010 00:00:00 GMT

May 27, 2010

Jasper - 2010 Jasper Dental Congress

Thu, 27 May 2010 00:00:00 GMT

May 27-30, 2010

Toronto - MNP's Signature Blend Seminar Series 2010

Thu, 27 May 2010 00:00:00 GMT

May 27, 2010

Kamloops - Government Financial Officers Association of BC Annual Conference

Wed, 26 May 2010 00:00:00 GMT

May 26-28, 2010

Imbalanced Business Partners: What Happens When One Owner Isn't Active Anymore?

Tue, 25 May 2010 00:00:00 GMT

Recently I’ve worked with businesses where there has been a significant imbalance in the amount of effort being directed in the business by the owners. In both cases, one partner was committed to continuing to manage and grow the business, whereas the other partner was more committed to golfing. So, what can a partner do to resolve the imbalance?

Bill 168 & Workplace Violence: Part 1 - Protecting Your People and Your Business

Mon, 17 May 2010 00:00:00 GMT

Workplace violence is becoming an ever increasing issue for organizations. It is conservatively estimated that 1 in 6 violent incidents in Canada occur in the workplace and Statistics Canada’s latest report on violence in the workplace shows approximately 356,000 incidents of violence occur in the workforce each year.

Saskatoon - Credit Union Conference

Mon, 17 May 2010 00:00:00 GMT

May 17, 2010

Toronto - Ontario Dental Association: Annual Spring Meeting

Thu, 13 May 2010 00:00:00 GMT

May 13 - 15, 2010

2010 Surrey Board of Trade Export Awards and International Trade Dinner

Thu, 13 May 2010 00:00:00 GMT

May 13, 2010

Toronto - Buying/Selling a Business

Thu, 13 May 2010 00:00:00 GMT

May 13, 2010

Prince Albert - SEMSA 2010 Annual Convention and Tradeshow

Tue, 11 May 2010 00:00:00 GMT

May 11-13, 2010

Toronto - 11th Annual Canadian Accounting & Reporting 2010 Conference

Tue, 11 May 2010 00:00:00 GMT

May 11, 12, & 13, 2010

Making the Right Outsourcing Decision

Mon, 10 May 2010 00:00:00 GMT

In a world where outsourcing and offshoring promise lower cost options, these decisions may be made in haste and without an understanding of the real savings involved.

Fraud Risk Management - Is Your Organization Prepared?

Wed, 05 May 2010 00:00:00 GMT

A major Canadian bank has taken action against a group of individuals alleged to have orchestrated a massive mortgage fraud scheme. What are you doing to reduce your risk of fraud, and what will you do when it strikes your organization?

Not for Profit Organizations – One Step Closer

Tue, 04 May 2010 00:00:00 GMT

The Accounting Standards Board (AcSB) is another step closer to determining the future for Canadian not-for-profit organizations (NFPOs).

Nanaimo - Greater Nanaimo Chamber of Commerce Sterling Awards

Fri, 30 Apr 2010 00:00:00 GMT

April 30, 2010

Calgary - PSAC 2010 Canadian Drilling Activity Forecast, Mid-Year Update & Luncheon

Thu, 29 Apr 2010 00:00:00 GMT

April 29, 2010

MNP Continues to Be 'Canada's Seventh Largest Accounting Firm'

Wed, 28 Apr 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP), has held onto its title of ‘Canada’s seventh largest accounting firm’, according to the April 2010 issue of The Bottom Line accounting trade publication.

Anti-Money Laundering/Anti-Terrorism Financing

Tue, 27 Apr 2010 00:00:00 GMT

Canada's banking regulator tells financial institutions that although their efforts to fight money laundering and terrorist funding are seen as adequate, they are not doing enough.

Edmonton Opera - Verdi Otello

Sat, 24 Apr 2010 00:00:00 GMT

April 24-29, 2010

Valuing Mineral Rights In Today's Market

Wed, 21 Apr 2010 00:00:00 GMT

Recently, the CRA has begun to take a closer look at how the value of a mineral right has been determined for taxation purposes. The following article offers insight into the history of ownership of mineral rights, the reason for valuing mineral rights, how mineral rights were historically valued and the proper approach for valuing mineral rights.

Managing the Harmonized Sales Tax (HST) - What Physicians Need to Know

Mon, 19 Apr 2010 00:00:00 GMT

Generally, the HST will follow the GST rules, with some exceptions, and will be administered by the Canada Revenue Agency. For physicians, GST paid on purchases is usually a non-recoverable tax (a cost). The following is a snapshot of how the HST will affect your practice and what you need to know.

Is your food processing business missing out on significant SR&ED tax refunds?

Thu, 15 Apr 2010 00:00:00 GMT

The Scientific Research & Experimental Development (SR&ED) Tax Credit Program offers over $4 billion per year in funding and is the single largest source of federal government funding for industrial research and development. Your food-processing business may be missing out on significant SR&ED tax refunds.

Vancouver - 2010 Pacific Dental Conference

Thu, 15 Apr 2010 00:00:00 GMT

April 15-17, 2010

Surrey - SR&ED and Innovation to Save Money $$$ Seminar

Thu, 15 Apr 2010 00:00:00 GMT

April 15, 2010

Parksville - Vancouver Island Real Estate Board Commercial Building Awards

Thu, 15 Apr 2010 00:00:00 GMT

April 15, 2010

Managing Business Continuity

Mon, 12 Apr 2010 00:00:00 GMT

Our world has changed. We live and work amid new and emerging threats. As 2 out of 5 companies that experience a crisis do not survive, developing effective strategies to proactively identify and manage threats to your organization could be your best defense in an ever-changing world.

Powell River - Association of Vancouver Island and Coastal Communities AGM & Convention

Fri, 09 Apr 2010 00:00:00 GMT

April 9-11, 2010

Saskatoon - 2010 CUMA Convention

Thu, 08 Apr 2010 00:00:00 GMT

April 8-9, 2010

Edmonton - Credit Union Central Alberta 2010 AGM & Tradeshow

Thu, 08 Apr 2010 00:00:00 GMT

April 8-9, 2010

Meyers Norris Penny welcomes Stephen Shaw

Wed, 31 Mar 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP) announced that effective today Stephen Shaw has joined the firm as a Partner in MNP’s subsidiary, MNP Corporate Finance Inc.

The Transition to International Financial Reporting Standards (IFRS): Let’s Learn From Others

Wed, 31 Mar 2010 00:00:00 GMT

In 2011 (or maybe earlier), many Canadian enterprises are going to be adopting IFRS. If your company or organization is adopting IFRS, you have most likely just begun your transition. You may want to consider some of the issues these areas identified when they transitioned to IFRS, and learn from them.

Duncan-Cowichan Chamber of Commerce Black Tie Excellence Awards

Fri, 26 Mar 2010 00:00:00 GMT

March 26, 2010

Ontario Budget Announcement - 2010

Thu, 25 Mar 2010 00:00:00 GMT

Finance Minister Duncan presented a stand pat Ontario Budget March 25, 2010.

Saskatchewan Budget Announcement - 2010

Wed, 24 Mar 2010 00:00:00 GMT

Finance Minister Rod Gantefoer delivered Saskatchewan’s 2010 budget on March 24, 2010.

Manitoba Budget Announcement - 2010

Tue, 23 Mar 2010 00:00:00 GMT

Finance Minister Rosann Wowchuk presented Manitoba’s 2010 Provincial Budget on March 23, 2010.

Transforming Your Business to Better Serve Your Clients

Mon, 22 Mar 2010 00:00:00 GMT

Service organizations, whether in the public, private or non-profit sectors, want the customer experience to be great. Their long-term survival often depends on it!

Calgary - Oilympics Invitational Charity Hockey Tournament

Mon, 22 Mar 2010 00:00:00 GMT

March 22-27, 2010

Income Splitting With Spousal Loans

Thu, 18 Mar 2010 00:00:00 GMT

Spousal loans are a great way to implement income splitting between two spouses, where one spouse is in a higher tax bracket than the other spouse. Generally, spouses are not able to split income to reduce their tax bill unless specifically allowed under the Income Tax Act.

Waterloo - Signature Blend Series

Thu, 18 Mar 2010 00:00:00 GMT

March 18, 2010

McNally Valuations Inc.(MVI) joins Meyers Norris Penny

Wed, 17 Mar 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP) announced today it is merging with McNally Valuations Inc (MVI), effective April 1, 2010. MVI is the largest independent valuation firm in Edmonton.

HST & The Place of Supply Rules

Mon, 15 Mar 2010 00:00:00 GMT

Information on an extremely important component of the upcoming HST in BC and Ontario was recently released - The Place of Supply Rules. If you're asking "What rate do I charge?", the rules have changed!

Winnipeg - Sons of Italy, CIBPA Annual Gala Dinner

Sun, 14 Mar 2010 00:00:00 GMT

March 14, 2010

Winnipeg - Friends of the Firm

Thu, 11 Mar 2010 00:00:00 GMT

March 11, 2010

Time to Replace or Upgrade Your Equipment? Here Are Some Financing Items to Consider

Wed, 10 Mar 2010 00:00:00 GMT

If you are looking to replace or make a major equipment purchase over the short-term, knowing what each lender’s criteria is and how they differ will improve your chances of success .

Benefits of Customized Training

Tue, 09 Mar 2010 00:00:00 GMT

Many companies have professional development budgets allocated for their staff, yet often times these budgets are only spent on “cookie-cutter” courses where only a portion of the material is relevant to the staff member.

Enjoying Your Golden Years

Tue, 09 Mar 2010 00:00:00 GMT

How succession planning leads to a successful retirement by saving you thousands of dollars.

Grande Prairie - 2010 Arctic Winter Games

Sat, 06 Mar 2010 00:00:00 GMT

March 6-13, 2010

Federal Budget Announcement - 2010

Thu, 04 Mar 2010 00:00:00 GMT

Federal Minister of Finance James M. Flaherty delivered the Conservative government’s Federal budget on March 4, 2010. Budget 2010 continues to build on last year’s Economic Action Plan with a focus on creating jobs and growth, sustaining the nation’s economic advantages and planning to return to a balanced budget.

Canadian Agri Food Exporter’s Top 10 U.S. Tax Myths - What You Don't Know Could Cost You

Thu, 04 Mar 2010 00:00:00 GMT

With the Canadian agri food industry exporting approximately 70% of its products to the U.S, it’s important to know the cross-border tax issues that could affect you.

The B.C. Wine Industry - A Look Ahead

Thu, 04 Mar 2010 00:00:00 GMT

The start of a new year brings out the fortune teller in many of us. The start of a new decade makes “crystal ball gazing” even more enticing. How far have we come in the last 10 years and where will we be in 2020?

Business Sustainability Through Effective Succession Planning

Thu, 04 Mar 2010 00:00:00 GMT

Running a sustainable and successful business in today’s dynamic marketplace can be a challenge. If you are thinking of transitioning your business to someone else, your challenges can be even greater.

Lethbridge - Ag Expo

Wed, 03 Mar 2010 00:00:00 GMT

March 3-5, 2010

Documenting Your Scientific Research & Experimental Development (SR&ED) Claim

Mon, 01 Mar 2010 00:00:00 GMT

The first step in taking advantage of the Canada Revenue Agency’s (CRA’s) SR&ED tax credit incentives is to determine if you are performing qualified SR&ED work. Once you’ve established that, the next step is to produce documentation and evidence to support that eligible work was done and that eligible expenses were incurred.

Family Members as Owners of the Family Business

Tue, 23 Feb 2010 00:00:00 GMT

There are numerous benefits of including family members as owners in the business, and many of these benefits can be linked to income splitting opportunities.

PE GAAP vs IFRS - The Choice is Yours

Tue, 16 Feb 2010 00:00:00 GMT

It’s official! The new generally accepted accounting principles for private enterprises (PE GAAP) have been released. The date you need to mark in your calendar is January 1, 2011, when your private enterprise must choose to adopt either the new PE GAAP or International Financial Reporting Standards (IFRS).

IFRS or Private Enterprise GAAP - Which Road Will You Take?

Fri, 12 Feb 2010 00:00:00 GMT

If choosing between International Financial Reporting Standards (IFRS) or Private Enterprise Generally Accepted Accounting Principles (PE GAAP) is weighing heavily on you, it is important to consider these three factors to help you choose the right path.

Investment Fraud – The Right Response Pays Dividends

Thu, 11 Feb 2010 00:00:00 GMT

The term ‘Ponzi Scheme’ is appearing in the news more frequently than ever before. Is there a sudden increase in the number of fraudulent investments these days?

Edmonton - MNP presents an Evening to Support

Thu, 11 Feb 2010 00:00:00 GMT

February 11, 2010

How Much Should You Pay for a Business?

Mon, 08 Feb 2010 00:00:00 GMT

Purchasing a business is a big decision that requires a large investment of your time and money. There are many factors to consider when deciding whether or not to acquire a new business; perhaps one of the most critical factors being the price you pay for the business.

Challenges of Harmonized Sales Tax for B.C. Forestry Sector

Fri, 05 Feb 2010 00:00:00 GMT

On July 1, 2010 the province of British Columbia will harmonize their sales tax. Harmonization brings many advantages and some disadvantages—this article will focus on some of the challenges that harmonization may bring.

The New HST: Rules, Regulations & Requirements

Fri, 05 Feb 2010 00:00:00 GMT

In July, Ontario will be harmonizing its Provincial Sales Tax with the federal Goods and Services Tax. Here are some of the things that Ontario municipalities should consider as the countdown to harmonization gets underway.

Managing the Harmonized Sales Tax - What Auto Dealerships Need to Know

Fri, 05 Feb 2010 00:00:00 GMT

Significant changes to Canadian sales taxes in Ontario and B.C. are taking place, which may be the most important change in Canadian taxes since the introduction of the GST in 1991. And while the government touts the changes will help businesses achieve greater efficiencies, you need to be aware of the specific issues that will affect you.

Potential Benefits of the Harmonized Sales Tax for the Forestry Sector

Thu, 04 Feb 2010 00:00:00 GMT

As many of you know, on July 1, 2010 the province of British Columbia will harmonize their sales tax. Harmonization brings many advantages and some disadvantages for the forestry sector.

Surrey - 2010 Economic Forecast Luncheon

Wed, 03 Feb 2010 00:00:00 GMT

February 3, 2010

What is a Minority Discount?

Mon, 01 Feb 2010 00:00:00 GMT

In determining the fair market value of an interest in a company, not all classes of shares are created equal, nor are all sizes of shareholdings in that company.

Toronto - MNP's Signature Blend Seminar Series

Thu, 28 Jan 2010 00:00:00 GMT

January 28, 2010

Abbotsford - 12th Annual Pacific Agriculture Show

Thu, 28 Jan 2010 00:00:00 GMT

January 28 - 30, 2010

Taking Advantage of the Scientific Research and Experimental Development (SR&ED) Tax Credit

Wed, 27 Jan 2010 00:00:00 GMT

Asking yourself these questions could save you a lot of money. The Scientific Research and Experimental Development (SR&ED) tax credit is a valuable incentive which can provide a refundable tax credit for Canadian businesses. For example, a private company that spends $100,000 on SR&ED can earn a net after tax savings of approximately $47,000.

How does BC’s new HST affect me?

Wed, 27 Jan 2010 00:00:00 GMT

The announcement in July by the Federal and BC governments was unexpected, since there was no indication that BC was moving in that direction. In fact, during the May 2009 provincial election, the BC government had stated that we would not be moving to a Harmonized Sales Tax system. The proposed change has raised a furor among certain taxpayers and in certain industries, such as the restaurant industry, since the HST will have a more significant effect on them.

Toronto - American Women's Society of CPAs

Thu, 21 Jan 2010 00:00:00 GMT

January 21, 2010

Meyers Norris Penny welcomes Dave Zimmel

Tue, 19 Jan 2010 00:00:00 GMT

Meyers Norris Penny LLP announced today that Dave Zimmel, CA, CPA (IL, USA), CMC has joined the firm as a Partner in MNP’s Calgary office.

Former BMO Bank of Montreal Senior Vice President joins MNP

Thu, 14 Jan 2010 00:00:00 GMT

Meyers Norris Penny LLP (MNP) is pleased to announce that Ted McCarron has joined the firm.

How to Protect Yourself from Ponzi Schemes

Wed, 13 Jan 2010 00:00:00 GMT

Investment guru Warren Buffet famously said, “When the tide goes out you see who is swimming naked”. Well, the turning economic tide has resulted in a few unpleasant surprises for investors. It seems hardly a month goes by without a news story about another Ponzi scheme defrauding victims of their life savings.

Saskatoon - Rest Stop Sponsor at the Western Canadian Crop Production Show

Mon, 11 Jan 2010 00:00:00 GMT

January 11th - 14th

Where the Buffalo Roam and Tax Collectors Play (a.k.a A CFO’s Sales Tax Nightmare)

Mon, 04 Jan 2010 00:00:00 GMT

Imagine the following fact pattern: A small startup software company - keen to monetize the company’s unique software offering - goes South to generate sales. Unfortunately for the company, the recession hits.

Harmonization for Grape Growers and Wineries

Thu, 31 Dec 2009 00:00:00 GMT

With recent announcements from the provincial governments of Ontario, British Columbia and Quebec touting the merits of harmonizing their respective sales tax with GST, many businesses are asking what this ultimately means for them. And while harmonization has its benefits, there are some issues to be aware of. Here’s what you need to know.

MNP named one of 50 Best Employers in Canada

Wed, 30 Dec 2009 00:00:00 GMT

Accounting and business advisory firm climbs up the ranks of coveted list

Harmonious Harmonization

Wed, 30 Dec 2009 00:00:00 GMT

The BC government recently announced their plans to harmonize their sales tax with the federal GST effective July 1, 2010. While harmonization has its benefits, there are some issues to be aware of. Here’s what you need to know.

IFRS Impact on Certification of Internal Controls

Tue, 22 Dec 2009 00:00:00 GMT

Public issuers will be required to adopt IFRS for financial years commencing on or after January 1, 2011 with 2010 comparative IFRS figures. The transition to IFRS is expected to result in significant changes to the financial reporting process.

So Your Company is Adopting International Financial Reporting Standards (IFRS)? - Part II

Fri, 18 Dec 2009 00:00:00 GMT

In part I of this blog series, I discussed the financial reporting impact of transitioning to IFRS for your company. In part II, I will discuss some additional impacts of converting your company’s financial statements to IFRS.

Building Business Value

Thu, 17 Dec 2009 00:00:00 GMT

You’ve spent years building your business, but what about its value?

So Your Company is Adopting International Financial Reporting Standards (IFRS)? - Part I

Wed, 16 Dec 2009 00:00:00 GMT

If you haven’t planned your transition to IFRS - the time to start is now! In part I of this II part series of blogs, I will highlight some of the key things you need to consider for your transition to IFRS, all to help ease the transition and save your company time and money.

Investing in U.S. Real Estate? Have You Thought About U.S. Tax?

Wed, 09 Dec 2009 00:00:00 GMT

In today’s economy, investing in U.S. real estate is an exciting opportunity for Canadians. The U.S. taxation of Canadians holding U.S. real estate is complicated and should be evaluated fully before making the investment. Here are some issues to consider:

Toronto - M&A Valuation for CFOs Conference

Wed, 09 Dec 2009 00:00:00 GMT

December 9-11, 2009

New Tax Legislation for Alberta Professionals Becomes Law

Mon, 07 Dec 2009 00:00:00 GMT

Bill 53, also known as the Professional Corporations Statutes Amendment Act, 2009 passed through the Alberta legislature and was given Royal Assent on November 26, 2009.

Important Points About the Transition to HST

Mon, 07 Dec 2009 00:00:00 GMT

Senior officials from the Ministry of Finance recently clarified some important points about the impending transition to HST.

Edmonton - Stollery Snow Flake Gala

Mon, 07 Dec 2009 00:00:00 GMT

December 7, 2009

Can U.S. Tax Affect You? FAQ

Fri, 04 Dec 2009 00:00:00 GMT

I am a U.S. citizen or a Green Card holder, how will US tax affect me? - U.S. citizens and Green Card holders are required to file a U.S. tax return every year regardless of where they live.

Management Fees... Easier Said Than Done!

Mon, 30 Nov 2009 00:00:00 GMT

It is not uncommon for business owners to say “just pay a management fee equal to the loss”. This sounds easy enough to do; just write a cheque and make a journal entry. All done. Unfortunately, this rarely is within the scope of the tax laws.

Calgary - SEPAC Fall Investment Symposium

Mon, 30 Nov 2009 00:00:00 GMT

November 30, 2009

Thunder Bay Accounting Firm Merges with Meyers Norris Penny

Wed, 25 Nov 2009 00:00:00 GMT

Meyers Norris Penny LLP, one of Canada’s largest chartered accountancy and business advisory firms, announced today that Thunder Bay accounting firm, Fitzpatrick & Partners LLP will join MNP.

Top 9 Year End Tax Planning Tips for Farmers

Wed, 25 Nov 2009 00:00:00 GMT

By this time most farmers will have their 2009 harvest in the bin. So, the next task is to consider looking at your accounting records to plan for the current year’s tax liability. The following is a list of items farmers should pay close attention to prior to December 31, 2009.

Regina - Canadian Western Agribition (CWA)

Sat, 21 Nov 2009 00:00:00 GMT

November 21 - 28, 2009

How Will the New HST Affect My Business? - FAQ

Fri, 20 Nov 2009 00:00:00 GMT

Ontario received $4 billion and British Columbia received $1.6 billion in transfer payments from the federal government if they agreed to harmonize their PST’s with the GST. How will this affect your business?

Toronto - US Tax Seminar

Wed, 18 Nov 2009 00:00:00 GMT

November 18, 2009

Tips and Traps Regarding Capital Losses

Mon, 16 Nov 2009 00:00:00 GMT

Let’s face it – no one really likes to trigger losses, but the silver lining of triggering a loss is that losses can actually help your tax situation.

Toronto - Tordent Winter Clinic

Fri, 13 Nov 2009 00:00:00 GMT

November 13, 2009

Regina - Dairy Farmers of Saskatchewan Annual General Meeting and Conference

Thu, 12 Nov 2009 00:00:00 GMT

November 12 - 13, 2009

Banff - Credit Union Directors’ Conference

Thu, 12 Nov 2009 00:00:00 GMT

November 12 - 13, 2009

Meyers Norris Penny Expands in Southern Ontario

Mon, 09 Nov 2009 00:00:00 GMT

Meyers Norris Penny LLP, one of Canada’s largest chartered accountancy and business advisory firms, announced today that the independent firm of Collins Barrow Region of Waterloo LLP has joined MNP.

SR&ED for Video Game Development

Mon, 09 Nov 2009 00:00:00 GMT

The video game development industry has come a long way since Super Mario Bros. on the first 8-bit Nintendo console. As with the music industry, where artists can record, produce, master and release their works to the public independently.

Markham - Women Our Wellness the Gathering

Sat, 07 Nov 2009 00:00:00 GMT

November 7, 2009

Saskatoon - Aboriginal Financial Officers Association SK Annual Fall Conference & Workshop

Thu, 05 Nov 2009 00:00:00 GMT

November 5 - 6, 2009

Professional Corporations and the Capital Gains Exemption

Tue, 03 Nov 2009 00:00:00 GMT

With proper advance planning, you can shelter your gains when selling shares of your practice.

Calgary Ponzi Scheme Goes to Trial

Wed, 28 Oct 2009 00:00:00 GMT

Greg Draper from Meyers Norris Penny discusses the current Ponzi scheme case going to trial in Calgary. Greg explains that this could be a long and complicated case.

MNP to merge with Vancouver accounting firm

Tue, 27 Oct 2009 00:00:00 GMT

MNP, one of Canada’s largest chartered accountancy and business advisory firms, is merging with chartered accounting firm Cinnamon Jang Willoughby, effective January 1, 2010.

New Tax Legislation for Alberta Professionals

Tue, 27 Oct 2009 00:00:00 GMT

On October 26, 2009, the Alberta Government announced the Professional Corporations Amendment Act 2009 which focuses on removing the restrictions of share ownership within professional corporations.

Management’s Discussion and Analysis

Mon, 26 Oct 2009 00:00:00 GMT

Many companies feel that the management’s discussion and analysis (MD&A) is an obligation, but we feel that this is an opportunity to showcase your Company. The following are helpful hints to make the most of your MD&A.

Sarbanes-Oxley Section 404 extension for smaller U.S. filers

Tue, 13 Oct 2009 00:00:00 GMT

The United States Securities and Exchange Commission granted issuers with public floats of less than $75 million with an additional six month extension for complying with SEC rules.

The Financial Reporting Framework for Government Business Enterprises

Tue, 13 Oct 2009 00:00:00 GMT

Over the past several years, the Accounting Standards Board (AcSB) and the Public Sector Accounting Board (PSAB) have been deliberating the appropriateness of financial reporting frameworks for all types of Canadian entities.

Toronto-Society of Cable Telecommunications Engineers

Tue, 06 Oct 2009 00:00:00 GMT

October 6, 2009

The Personal Services Business

Mon, 05 Oct 2009 00:00:00 GMT

If you have a small consulting business in Canada, you have probably heard something about personal services businesses (PSB) either from your accountant or in the local coffee shop.

Keep the Caution Flag Up

Mon, 05 Oct 2009 00:00:00 GMT

Farming is not a race to the finish line. Similar to a car race, a yellow flag is signaling some potential danger ahead. In the past few months, there has been quite a bit of discussion about the potential rise in interest rates.

Okanagan Fall Wine Festival

Thu, 01 Oct 2009 00:00:00 GMT

October 1-11, 2009

Application of Financial Instruments for Not-for-Profit Organizations

Wed, 30 Sep 2009 00:00:00 GMT

Are NPOs required to apply the current FI standards related to recognition and measurement (i.e., Sections 1530, 1651, 3051, 3251 and 3855)?

What are the Challenges of a Harmonized Sales Tax for the B.C. Forestry Sector?

Wed, 30 Sep 2009 00:00:00 GMT

Webcast - American Women's Society of Certified Public Accountants

Wed, 30 Sep 2009 00:00:00 GMT

September 30, 2009

The University of Regina First in Canada to Guarantee Student Success

Wed, 30 Sep 2009 00:00:00 GMT

Meyers Norris Penny is proud to announce our support of the University or Regina, that has made a bold promise to their student body.

Toronto-IFRS Seminars

Tue, 29 Sep 2009 00:00:00 GMT

September 29-30, 2009

Incorporating your Farm Partnership

Mon, 28 Sep 2009 00:00:00 GMT

Many people wonder when it’s the right time to incorporate their farm partnership. The reason to incorporate a farm can be different for each farm family; however one of the primary reasons is often to gain access to the small business deduction available in the corporation.

Growth by Management Function

Mon, 28 Sep 2009 00:00:00 GMT

The management functions on a farm can be categorized into 4 key areas: Marketing, Operations, Human Resources and Finance.

To XBRL or not to XBRL?

Thu, 24 Sep 2009 00:00:00 GMT

On May 30, 2008, the U.S. Securities and Exchange Commission (SEC) proposed a rule that would require both U.S. and foreign public entities trading on the U.S. exchanges to file their primary financial statements using the eXtensible Business Reporting Language (XBRL) electronic data tagging taxonomy.

Does Project Management Need to be Sexy to Succeed?

Mon, 21 Sep 2009 00:00:00 GMT

For most of us, outside of that elite band of Gantt chart experts, Project Management is one of the last things we’d consider to be “sexy”. Where’s the fame, glamour, money and power in being a Project Manager?

Vancouver - B.C. Economic Development Conference

Sat, 19 Sep 2009 00:00:00 GMT

Sept. 19-23, 2009

When to Register for PST?

Tue, 15 Sep 2009 00:00:00 GMT

Do you live in one of the PST provinces (B.C., Saskatchewan, Manitoba, Ontario, Quebec or PEI), do you need to register for PST?

The Future of Financial Reporting by Not-for-Profit Organizations

Mon, 14 Sep 2009 00:00:00 GMT

Since becoming effective in 1997, there have been few revisions to the CICA Section 4400 Series of standards for NFPOs. However, this is about to change!

Vancouver - 2009 International Egg Commission Vancouver Conference

Sun, 13 Sep 2009 00:00:00 GMT

September 13 - 17, 2009

St. John's - RIMS Canada Conference 2009

Sun, 13 Sep 2009 00:00:00 GMT

Septemeber 13 - 16, 2009

Toronto - Veterinary Appreciation Day

Sat, 12 Sep 2009 00:00:00 GMT

September 12, 2009

B.C. Budget Update September 1, 2009

Tue, 08 Sep 2009 00:00:00 GMT

A summary of the B.C. budget update released September 1, 2009.

When to Register for GST?

Mon, 31 Aug 2009 00:00:00 GMT

Have you started your own business and are not sure about whether you should register for GST? You are able to voluntarily register for GST if you are carrying on a commercial activity. Either selling taxable goods or providing taxable services.

PST Harmonization: What you need to know to successfully manage the harmonized sales tax changes

Wed, 26 Aug 2009 00:00:00 GMT

With recent announcements from the provincial governments of Ontario and B.C. touting the merits of harmonizing their respective sales tax with GST, many businesses are asking what this ultimately means for them.

Markham - CVCA Golf Tournament

Wed, 26 Aug 2009 00:00:00 GMT

August 26, 2009

One Set of Accounting Standards for all Levels of Government

Tue, 25 Aug 2009 00:00:00 GMT

In the past, there was some differentiation in the public sector accounting standards applicable to each level of government, i.e. federal, provincial, territorial and local governments.

King City - Ovarian Cancer Canada Golf Tournament

Tue, 25 Aug 2009 00:00:00 GMT

August 25, 2009

Resourcing the Management Team

Mon, 24 Aug 2009 00:00:00 GMT

It was not long ago when farmers were expected to be able to ‘do everything’ on their farms. Farmers' broad skill sets and abilities were directly connected to their strong sense of independence.

Evaluation of Management Assumptions during the Economic Crisis: Impairment of Long-Lived Assets

Tue, 18 Aug 2009 00:00:00 GMT

Under Canadian GAAP, management is required to test long-lived assets for impairment whenever circumstances indicate that their carrying amount may not be recoverable. The decline in the current economic environment, including reduced market prices for assets, may result in such a circumstance.

Business Resilience: Build the Plan, Success Will Follow.

Wed, 12 Aug 2009 00:00:00 GMT

Not all risk management plans are equal. Now, many businesses are throwing out the old models and adapting new, stronger and far more comprehensive plans. The problem for many small to mid-size businesses—who lack economies of scale—is where to start.

The Individual Pension Plan - Part II

Mon, 10 Aug 2009 00:00:00 GMT

The IPP has many practical applications to reward key personnel and shareholder-managers.

GST and Employee Benefits, Allowances and Reimbursements

Mon, 10 Aug 2009 00:00:00 GMT

Are you an employer who pays benefits to your employees? Do you know how to account for the GST on those benefits?

Las Vegas - The Forum for Women in Accounting

Mon, 10 Aug 2009 00:00:00 GMT

August 10 - 12, 2009

The Individual Pension Plan - Part I

Tue, 04 Aug 2009 00:00:00 GMT

Whenever I sit down with a client to discuss their business structures, a major concern that always pops up is post-retirement cash flow. Quite often our discussions will lead to the topic of individual pension plans.

To Lease or to Buy?

Mon, 03 Aug 2009 00:00:00 GMT

Every vineyard and winery owner must make equipment purchase decisions throughout the life cycle of their business. After selecting the equipment you need, the next step is to decide how you will finance the acquisition.

Kenora - The 13th Annual MNP/Hospital Foundation Charity Golf Classic

Thu, 30 Jul 2009 00:00:00 GMT

July 30, 2009

Navigating a Crisis - Part IV

Wed, 29 Jul 2009 00:00:00 GMT

In an economic downturn, businesses must ensure their customers remain their number one priority.

Calgary - The Assembly of First Nations (AFN) 30th Annual General Assembly (AGA) and Election for the AFN National Chief

Tue, 21 Jul 2009 00:00:00 GMT

July 21 - 23, 2009

Assembly of First Nations Meets in Calgary to Elect A New Leader

Tue, 21 Jul 2009 00:00:00 GMT

MNP's Clayton Norris talks about the Assembly of First Nations election for a new leader.

Navigating a Crisis - Part III

Mon, 20 Jul 2009 00:00:00 GMT

Faced with the current economic pressures, many firms are reacting by jumping to conclusions to protect profits.

Liquidity and Cashflow

Mon, 20 Jul 2009 00:00:00 GMT

Most farmers are well into the 2009 production cycle. The to-do lists are getting longer and the days are getting shorter. So, it’s now time to ask the question – do you know where your liquidity is at?

Ontario PST Harmonization

Wed, 15 Jul 2009 00:00:00 GMT

On July 1, 2010, Ontario’s PST will be harmonized with the federal GST. All goods, services, intangibles and new real property supplied (or deemed to be supplied) in Ontario will be subject to the combined single rate of 13%.

Securities Regulatory Valuations and Fairness Opinions

Wed, 15 Jul 2009 00:00:00 GMT

At its recent annual general meeting, the Canadian Institute of Chartered Business Valuators (CICBV) approved amendments to its professional practice standard pertaining to Valuation Reports Prepared for Purposes of Securities Legislation, Regulation or Policies.

Paying GST on Investment Management Fees

Mon, 13 Jul 2009 00:00:00 GMT

A recent decision rendered by the Federal Court of Appeal (the “Court”) may impact the GST required to be collected, and that has been paid, on investment management fees.

Navigating a Crisis - Part II

Mon, 06 Jul 2009 00:00:00 GMT

Before a disaster occurs, Enterprise Risk Management (ERM) can help to plan the recovery of internal functions, customer interfaces, company reputation, and brand by aligning the strategic, operational, and tactical plans.

Calgary - Beef Cattle Showcase (Calgary Stampede)

Fri, 03 Jul 2009 00:00:00 GMT

July 3 - 12, 2009

Tim Horton's Wants to Take Advantage of Lower Canadian Tax Rates

Thu, 02 Jul 2009 00:00:00 GMT

How often do we hear of successful U.S.-based companies pulling up stakes and moving to Canada? Doug Ng from Meyers Norris Penny explains the tax benefits.

Regina - 4th Annual Plywood Cup

Wed, 01 Jul 2009 00:00:00 GMT

July 1, 2009

Navigating a Crisis - Part I

Mon, 29 Jun 2009 00:00:00 GMT

Crisis management solutions to help you prepare for economic emergencies. Nobody likes surprises. Experience has shown, that based on a number of recent disruptive events many organizations do not have adequate resiliency programs in place, which may leave them exposed and unable to adapt quickly to changing economic circumstances.

Private Enterprise Standards – The Call Has Been Answered

Mon, 22 Jun 2009 00:00:00 GMT

For years, there has been a cry for simplified financial reporting standards by the millions of private entities in Canada, their auditors and stakeholders. In 2002, the Accounting Standards Board (AcSB) approved the existing Differential Reporting model to address the concerns of private enterprises.

Calgary - Petroleum Services Association of Canada (PSAC) Investment Symposium

Thu, 18 Jun 2009 00:00:00 GMT

June 18-19, 2009

Toronto - INFONEX's 10th Annual Canada-U.S. Accounting and Reporting Conference

Wed, 17 Jun 2009 00:00:00 GMT

June 17, 2009

If the worst hits, is your company prepared?

Tue, 16 Jun 2009 00:00:00 GMT

Business Continuity Planning (BCP) is a field of work involving pre-planning for business disruptions and disaster-related events. A company undertakes the BCP process to mitigate the possible risks to their business if an unplanned interruption occurs.

Never Wear a White Shirt to a Wine Tasting

Mon, 15 Jun 2009 00:00:00 GMT

One of the perks of being an accountant and business advisor focusing on the B.C. Wine Industry is you occasionally get to do things which clearly make your co-workers jealous.

Where would your winery be without you?

Mon, 15 Jun 2009 00:00:00 GMT

Successfully transferring management from one generation to the next is a major challenge for many family-owned businesses.

Campbell River Canadian Cancer Society Relay for Life

Fri, 12 Jun 2009 00:00:00 GMT

June 12-13, 2009

The New Canadian Auditing Standards

Thu, 11 Jun 2009 00:00:00 GMT

Generally speaking, the Auditing and Assurance Standards Board (AASB) has agreed with the proposed change to the International Standards on Auditing (ISA) and will adopt them as the new Canadian Auditing Standards (CAS).

The Small Business Deduction

Thu, 11 Jun 2009 00:00:00 GMT

The 2009 Federal Budget increased the Small Business Deduction to $500,000 from $400,000, and many provinces have also raised their small business deduction limit to $500,000.

A Business Plan is the First Step in Assuring Your Winery’s Success

Mon, 08 Jun 2009 00:00:00 GMT

Ever dream about starting up your own boutique winery? Do you envision long summer afternoons soaking up the Okanagan sun, chatting with tourists who are eager to buy up your award winning wine?

Non Residents Purchasing Real Estate in Canada - Part II

Thu, 04 Jun 2009 00:00:00 GMT

Do you own a vacation property that you have in a rental pool but also use personally? Did you register for GST so that you would not have to pay the GST when you purchased the rental property?

Non Residents Purchasing Real Estate in Canada - Part I

Tue, 02 Jun 2009 00:00:00 GMT

What are the GST implications if you are a non resident and purchase a rental property in Canada? Are you a non resident thinking of investing in Real Estate in Canada? There are various tax implications to owning real estate in Canada.

Santa's Secret Service and Meyers Norris Penny bring cheer to seniors all year

Tue, 02 Jun 2009 00:00:00 GMT

They're known for bringing cheer to Calgary seniors at Christmas time, but now Santa's Secret Service wants to spread happiness all year.

New name for Canadian corporate finance leader

Mon, 01 Jun 2009 00:00:00 GMT

Effective today, Tamarack Capital Advisors Inc., the privately owned corporate finance subsidiary of Meyers Norris Penny LLP, will change its name to MNP Corporate Finance Inc.

Are you considering your cost of production?

Mon, 01 Jun 2009 00:00:00 GMT

Information and discussions about cost of production are certainly nothing new to farmers. I have had the opportunity of giving presentations to farmers across Canada about cost of production.

How Healthy is Your Health Care Plan?

Mon, 01 Jun 2009 00:00:00 GMT

In these uncertain economic times, businesses in the food industry need to manage costs while maintaining benefit programs that keep their business healthy.

President Obama's Proposed Fiscal Year 2010 Budget – Tax Highlights

Thu, 14 May 2009 00:00:00 GMT

On February 26, 2009, President Obama submitted the administration’s proposed $3.5 trillion fiscal year (FY) 2010 federal budget to Congress, which includes some significant tax cuts as well as increases.

State Collection Efforts – Is a Soft Approach Preferred?

Thu, 07 May 2009 00:00:00 GMT

A recession can bring out the best and worst in everyone. The U.S. State governments are no exception. In the face of declining revenues, states frequently begin to more aggressively pursue opportunities to collect additional revenues.

Meyers Norris Penny LLP Expands Calgary Practice

Mon, 04 May 2009 00:00:00 GMT

Meyers Norris Penny LLP (MNP) is merging with the chartered accountancy practice of Howard Shikaze, FCA, effective June 1, 2009.

Considering setting up a personal business corporation?

Fri, 01 May 2009 00:00:00 GMT

In the past few years, and even more so in the current economic environment, it has become common for individuals to set up their own corporations, which can then be used to contract out the services of the principal (or often the sole) shareholder of the corporation to one or more businesses.

Surviving the Economic Crisis

Thu, 30 Apr 2009 00:00:00 GMT

Throughout the past few years, the credit crunch in the U.S. has continued to be the topic of many conversations. Living in Canada, I will often be asked what exactly the “credit crunch” is because Canada hasn’t been affected to the same extent as the U.S.

Four Steps to Combating Fraud

Tue, 28 Apr 2009 00:00:00 GMT

Having disaster insurance and an evacuation plan in case of fire is standard in today’s workplace. But how many of us have a plan for dealing with a threat that can be just as devastating - corporate fraud?

IFRS Guidance for the Oil and Gas Industry

Tue, 28 Apr 2009 00:00:00 GMT

The conversion to IFRS will have a significant impact on Canadian oil and gas production companies. With the adoption of IFRS, oil and gas companies will be expected, for the most part, to abandon or significantly change their current accounting policies.

Fallout or Consequences: The IRS makes its case for increased enforcement

Mon, 27 Apr 2009 00:00:00 GMT

The Commissioner of the Internal Revenue Service (IRS), Douglas Shulman recently stated his beliefs on the state of the economy and tax compliance.

The Mystery of Teamwork

Mon, 27 Apr 2009 00:00:00 GMT

A number of years ago I got involved in a client engagement to assist in turning around the performance of a small team which provided service delivery to the public. The team had dismal performance statistics compared to all of its peer group and improvement was urgently required.

Are You Fully Leveraging AS5 to Improve Your CEO/CFO Certification Process?

Mon, 27 Apr 2009 00:00:00 GMT

The Public Company Accounting Oversight Board (“PCAOB”) released Audit Standard 5 (“AS5”) in 2007 in response to exorbitant audit fees and compliance costs being incurred by public reporting issuers in the United States, related to meeting SOX 404 requirements.

What is a Project Anyway?

Fri, 24 Apr 2009 00:00:00 GMT

Let's do an experiment. I'd like you to answer this question: what is a project? I'm not asking in the sense of "Do you know the official and correct definition of the word?" I'm asking what you think of when you use the word project.

Alberta's Auditor-General has exposed a large scale fraud at Calgary's Bow Valley College

Tue, 21 Apr 2009 00:00:00 GMT

Greg Draper, Investigative & Forensic Services from Meyers Norris Penny comments on fraud at Bow Valley College.

Meyers Norris Penny and Redstone Management Consulting join forces to offer clients enhanced services

Wed, 15 Apr 2009 00:00:00 GMT

Meyers Norris Penny LLP (MNP) is merging with Edmonton-based Redstone Management Consulting Ltd, effective June 1, 2009. MNP is Canada’s seventh largest accounting and business advisory firm.

MNP holds its position as ‘Canada’s seventh largest accounting firm’

Wed, 08 Apr 2009 00:00:00 GMT

Meyers Norris Penny LLP (MNP), a chartered accountancy and business advisory firm, has held onto its title of ‘Canada’s seventh largest accounting firm’.

Westerners Still See New Opportunity

Wed, 01 Apr 2009 00:00:00 GMT

Despite the economic turbulence rumbling across the country, two Western Canadian-based firms are confident they have the right stuff to weather the storm.

Gala Supports Cancer Research

Sun, 29 Mar 2009 00:00:00 GMT

Meyers Norris Penny presents Parents' Quest for the Cure Ice Gala in support of Kids Cancer Care Foundation of Alberta

Ron Meyers: A leader who loved to laugh

Mon, 02 Mar 2009 00:00:00 GMT

Canada’s newest national accounting firm is celebrating – and grieving. The founding partner of Meyers Norris Penny LLP, Ron Meyers, has died. His legacy lives on.

MNP Expands Ontario Presence

Thu, 19 Feb 2009 00:00:00 GMT

Meyers Norris Penny, the 7th largest accounting and business advisory firm in Canada, has merged in Shiner Kideckel Zweig Inc., an insolvency specialist with eight offices in Ontario.

National Accounting Firm Continues Eastern Expansion

Mon, 09 Feb 2009 00:00:00 GMT

Meyers Norris Penny, a national chartered accountancy and business advisory firm announced its most recent merger uniting the insolvency firm, Shiner Kideckel Zweig Inc. (SKZ) with MNP.

Business Modeling and Farming

Mon, 02 Feb 2009 00:00:00 GMT

People can easily relate to each other when they work in the same industry. They are able to commiserate about their businesses because the players share comparable experiences.

Top Employers Make Staff a Priority; Redeployment to Replace Layoffs in 2009

Sat, 10 Jan 2009 00:00:00 GMT

As many as one-third of North American employers plan to reduce their workforces in 2009.

Meyers Norris Penny named one of 50 Best Employers in Canada

Mon, 05 Jan 2009 11:32:34 GMT

The Globe and Mail’s Report on Business magazine has honoured Meyers Norris Penny LLP (MNP) as of one of the 50 Best Employers in Canada.

Taking Care of your Business in an Uncertain Economy

Thu, 01 Jan 2009 00:00:00 GMT

With the news predicting a slowing economy, retailers cross their fingers that the psychological mindset of an upcoming recession does not make a prediction a reality.

Getting Back to Business Basics: Turning Uncertainty into Opportunity

Thu, 01 Jan 2009 00:00:00 GMT

There is no doubt that a downturn in the economy can be challenging. For those anticipating slowing sales, the situation can leave them feeling uneasy. A shift in perspective, however, can help you turn a time of uncertainty into an opportunity to revisit your business’s operational and strategic direction.

Tax-Free Savings Accounts

Thu, 01 Jan 2009 00:00:00 GMT

Starting in 2009, Canadians have a new way to save money using a Tax-Free Savings Account (TFSA).

IRS Increases Reporting and Scrutiny of Foreign Bank Accounts

Thu, 01 Jan 2009 00:00:00 GMT

Starting in 2009, the IRS has expanded the Foreign Bank Account Reporting (FBAR) process. Unfortunately, this change will ensnare many more taxpayers into the FBAR reporting requirements, and will increase the compliance time and cost needed to meet the new requirements.

From high-tech factories to resorts and golf courses, the first nations of Canada are creating jobs and building financial partnerships

Fri, 12 Dec 2008 00:00:00 GMT

Millbrook First Nation first dipped its toe into business waters in 1995 with a single service station, Treaty Gas.

Safety in Numbers

Thu, 11 Dec 2008 12:21:11 GMT

With its recent foray into Ontario, Calgary-based Meyers Norris Penny is challenging the big four accounting firms for a national presence.

What Can Valuations Do For You?

Thu, 11 Dec 2008 09:56:46 GMT

Ownership changes are common in the business world and can take place for a variety of reasons, including retiring owners, next-generation succession planning, or passing on your business to individuals who can take your business to the next level. To begin, you need a clear understanding of what your business is worth and what drives that value.

The Canadian Economy in Flux - How Alberta food Processors Can Mitigate the Risks

Thu, 11 Dec 2008 09:55:42 GMT

From globalization to fluctuations in the Canadian dollar, the Canadian manufacturing sector faces a number of challenges. To further complicate matters, there’s the credit crunch, continued fall out from the U.S. housing crisis, volatile commodity prices and brain drain from early retirements. While Albertans have been somewhat sheltered from the strains, we’re starting to feel the effects that less prosperous provinces have been contending with for some time.

Accessing Capital – What’s Changing

Thu, 11 Dec 2008 09:52:51 GMT

Farmers have only one true absolute constraint to growth … their time. For farms with good track records, access to capital was not a problem. But, in the future, how farms will be capitalized and where that capital will come from may be changing.

Meyers Norris Penny’s founding Partner leaves a lasting legacy

Wed, 19 Nov 2008 18:00:42 GMT

On November 11, 2008, Ron Meyers, a Founding Partner of Meyers Norris Penny LLP (MNP), passed away at the age of 80.

Why Cost Matters - Accounting Solutions for Managing Your Winery

Mon, 10 Nov 2008 00:00:00 GMT

As an owner-manager, one of the many challenges of operating a small or medium sized winery is getting your head around the accounting requirements. And while wine may be your passion, the myriad of accounting processes that go along with your business may not bring you as much enthusiasm.

MNP Joins Worldwide Accounting Network Horwath International

Thu, 18 Sep 2008 00:00:00 GMT

MNP joins worldwide accounting network Horwath International.

MNP provides details on voter eligibility for CWB director elections

Mon, 08 Sep 2008 00:00:00 GMT

Voter eligibility criteria for the Canadian Wheat Board (CWB) 2008 director elections is now available, as announced by chartered accounting and business advisory firm, Meyers Norris Penny LLP (MNP).

MNP announces the Canadian Wheat Board 2008 election of directors

Tue, 02 Sep 2008 00:00:00 GMT

The Canadian Wheat Board (CWB) 2008 election of directors begins today, chartered accounting and business advisory firm Meyers Norris Penny LLP (MNP) has announced.

Largest Chartered Accounting Firms in Alberta

Fri, 22 Aug 2008 00:00:00 GMT

Ranked by the number of chartered accountants operating in the province.

Measuring Performance to Achieve Success

Mon, 18 Aug 2008 00:00:00 GMT

There is a rare breed of individuals in the business world who are determined to manage and own a profitable enterprise. With that goal in mind, they seek out an under-served market or some other wonderful opportunity as a vehicle to achieve their goal.

Moving your winery from good to great

Fri, 15 Aug 2008 00:00:00 GMT

The astonishing growth in the BC wine industry has been well documented. In 1984, the province had 13 licensed wineries. Today, we have 136, with another 14 licences pending.

Goodbye baby boomers, hello baby bust

Mon, 04 Aug 2008 00:00:00 GMT

Chronic labour shortages have become the norm across Canada, with little relief in sight. The two biggest culprits? Aging baby boomers - and a birth rate too low to maintain our current population.

The whole is greater than the sum of its parts...or is it?

Tue, 01 Jul 2008 00:00:00 GMT

When a piece of plastic the size of a quarter can cause a multimillion-dollar operation to screech to a halt, the importance of an effective, well-oiled supply chain becomes obvious.

Is your winery benefiting from tax incentive programs?

Tue, 01 Jul 2008 00:00:00 GMT

Running your own winery can be a dream come true for many wine lovers. The thought of enjoying the fruits of your labour at the end of the day, while gazing up at an immaculate sunset can be rewarding both personally and professionally.

How to harvest your company's R&D potential

Tue, 01 Jul 2008 00:00:00 GMT

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program available to all Canadian taxpayers. This program allows even emerging wineries and growers to make R&D a regular part of their business operations.

Canada’s Seventh Largest Accounting Firm Expands East

Wed, 04 Jun 2008 15:37:20 GMT

MNP entered the Toronto market through a merger Orenstein.

Sold! Getting the best after-tax price for your business

Sun, 01 Jun 2008 00:00:00 GMT

The first step towards preparing your business for sale is determining how your business is structured. In Canada, corporations are owned by shareholders, and are tax-paying entities that must file their own tax returns. Different liability and tax implications exist for sole proprietorships and partnerships.

Managing Your Winery - Does Your Cash Flow Like Your Wine?

Mon, 12 May 2008 00:00:00 GMT

A quick check of the number of new winery licences issued in B.C. over the last couple of years tells us there are many new or fledging winery operations.

Environmental Legislation Leads to a Unique New Industry

Thu, 01 May 2008 00:00:00 GMT

Worldwide pressure to reduce greenhouse gas emissions is leading to more than an environmentally conscious public; it’s also contributing to a plethora of new industries. One of the fastest growing is the global trade in carbon credits.

How to Shape Your Future With a Community Scorecard

Thu, 01 May 2008 00:00:00 GMT

A community scorecard is an effective benchmarking and measurement tool that can help First Nations and other communities establish where they are now and where they would like to be five, ten, or even 25 years down the road.

Fraud ER: Do you have a plan for corporate fraud?

Thu, 01 May 2008 00:00:00 GMT

2008 Saskatchewan Work and Family Balance Award

Thu, 01 May 2008 00:00:00 GMT

The 2008 Saskatchewan Work and Family Balance Awards were presented on May 8th, 2008 at a gala celebration in Regina.

Home Grown: What you Need to Know to Start Your Own Winery

Tue, 01 Apr 2008 00:00:00 GMT

While aspiring entrepreneurs continue to open their own wineries, there’s more to opening a new business than deciding whether to grow organically. Besides figuring out your licensing requirements, you need to know which taxes and duties to pay - and what recording and reporting you are responsible for.

MNP wins the national Employer of Choice Marketing Award (ECMA) for Best Overall Advertising Campaign.

Tue, 01 Apr 2008 00:00:00 GMT

MNP recognized for outstanding employment marketing through the effective use of an integrated, multi-media advertising campaign.

Is your agri-tourism plan as good as your wine?

Mon, 03 Mar 2008 00:00:00 GMT

With the increase in agri-tourism, more and more customers expect your winery to offer additional attractions. These ventures are also an important component of your wine’s brand recognition, as they will help differentiate your winery and generate more profits.

Fraud Prevention Through Internal Controls

Fri, 01 Feb 2008 00:00:00 GMT

A growing number of Aboriginal communities are establishing businesses to take advantage of opportunities for economic development. But any business can fall victim to fraud or other forms of economic crime, such as management conflict of interest or corruption, if the proper internal control environment is not in place.

Seeing the forest through the trees: Planning for regrowth

Fri, 01 Feb 2008 00:00:00 GMT

In the past few years, the winds of change have been blowing hard through Western Canada’s forests – and more than just leaves are being rustled. An industry that used to hum along comfortably is being hit by a myriad of issues, including chronic labour shortages, housing start slow-downs in the U.S. and the spread of pine beetle infestations.

One size does not fit all

Fri, 01 Feb 2008 00:00:00 GMT

One size, or set of reporting standards, used to be appropriate for all business entities. This requirement is changing in Canada, the United States and internationally.

Are you selling an incorporated business?

Fri, 01 Feb 2008 00:00:00 GMT

There are two ways to sell (or buy) a profitable incorporated business, an asset sale and a share sale. Knowing which way is most advantageous to you can make a significant difference in the net proceeds to you if you are selling a business, or the net cost if you are buying one.

Local merger rings in the New Year

Tue, 08 Jan 2008 00:00:00 GMT

Gillespie Farrell LLP merged with Meyers Norris Penny LLP (MNP) on Jan. 2, 2008, and is now operating under the MNP name.

Innovation Motivation

Tue, 01 Jan 2008 00:00:00 GMT

Is your business one of the many that contributed to $13.2 billion in research and development (R&D) funding in Canada in 2006? If it is, how much of your R&D investment did you recover?

What's on your balance sheet?

Tue, 01 Jan 2008 00:00:00 GMT

As an owner-manager of a small- to medium-sized enterprise, you may have to re-examine how you prepare your financial statements this year. Don’t get caught in the gap; ask the right questions about your financial statements now.

Making the grade

Tue, 01 Jan 2008 00:00:00 GMT

From healthcare initiatives to our national defences, publicly funded programs have a huge impact on our communities - and can account for millions of tax dollars in funding.

Deborah M. Calverley, CGA merges with Meyers Norris Penny LLP

Wed, 05 Dec 2007 00:00:00 GMT

Deborah M. Calverley Certified General Accountant Professional Corp. has merged with Meyers Norris Penny LLP (MNP) as of Dec. 1, 2007 and is operating under the MNP name.

Calgary’s bustling economy sparks merger

Tue, 04 Dec 2007 00:00:00 GMT

Calgary's impressive growth has led to another impact: the merger of Ascend LLP with Meyers Norris Penny LLP, the only Top Ten national accountancy and advisory firm based in Western Canada.

From farm to fork: Committing to traceability and trackability systems

Mon, 03 Dec 2007 00:00:00 GMT

Recently Meyers Norris Penny conducted a “state of the industry” report aimed at evaluating traceability in the B.C. agri-food sector, including potential areas for improvement.

MNP’s Pacific Ag Show survey reveals plenty of optimism for 2007

Thu, 01 Nov 2007 00:00:00 GMT

The recent 2007 Pacific Agriculture Show provided a chance to gain revealing insight into which key issues are top-of-mind with B.C. producers. Meyers Norris Penny Chartered Accountants and Business Advisors helped gauge the pulse of producers through their second annual MNP Pacific Ag Show Survey.

Golden Ears Bridge inspires key merger

Wed, 31 Oct 2007 00:00:00 GMT

Local accounting firm Andrews Brown Maroney (ABM) is merging with Meyers Norris Penny LLP (MNP) starting Jan.1, 2008.

Good things happen in threes

Mon, 29 Oct 2007 00:00:00 GMT

Beginning Jan. 1, 2008, Edmonton-based Harris McConnan Chartered Accountants LLP (HMCA) will be operating under the MNP name.

MNP launches third self-employment training program for Aboriginal entrepreneurs

Thu, 25 Oct 2007 00:00:00 GMT

MNP, in partnership with Alberta Employment, Immigration and Industry, announces the launch of the third Aboriginal Self-Employment Training Program in Calgary, Alberta starting Nov. 5, 2007.

Taking care of business: Home office deductions

Tue, 04 Sep 2007 00:00:00 GMT

One of the questions I get asked most frequently by small business owners is, “What home office costs can I deduct?” Canada Revenue Agency (CRA) has strict rules regarding the deductibility of home office costs.

Watkinson Hanhart LLP merges with Meyers Norris Penny LLP

Tue, 14 Aug 2007 00:00:00 GMT

Watkinson Hanhart LLP, Chartered Accountants is merging with Meyers Norris Penny LLP (MNP), the only Top 10 national chartered accountancy and advisory firm based in Western Canada.

Jervis Afanasiff & Redinger merges with Meyers Norris Penny LLP

Wed, 08 Aug 2007 00:00:00 GMT

Jervis Afanasiff & Redinger Chartered Accountants (JAR) and Meyers Norris Penny LLP (MNP) announced today the merger of their practices effective Sept. 1, 2007.

Key tips for minimizing your business taxes: How to get the most out of Section 87 of the Indian Act

Wed, 01 Aug 2007 00:00:00 GMT

As a First Nations business owner, you operate under a unique set of tax guidelines: your income be subject to income tax unless you structure your business to minimize these taxes. That’s where Section 87 comes in.

Joseph D. Blazek Chartered Accountant merges with Meyers Norris Penny LLP

Mon, 18 Jun 2007 00:00:00 GMT

Joseph D. Blazek Chartered Accountant is merging with Meyers Norris Penny LLP (MNP), a Top Ten national chartered accountancy and advisory firm.

Estate planning and taxes

Mon, 04 Jun 2007 00:00:00 GMT

It is a sad occasion when someone dies. Unfortunately, at this difficult emotional time those grieving must also deal with the difficult legal and financial issues of their loved one’s estate. Understanding the tax implications of death can help you plan for those you leave behind.

Marketing is everything!

Tue, 01 May 2007 00:00:00 GMT

Business history is filled with companies that had superior products but ultimately lost out to firms with poorer ones. One common denominator of a successful business is an effective marketing plan.

Effects of the climate change plan on Alberta’s oil & gas sector.

Thu, 26 Apr 2007 00:00:00 GMT

MNP’s Michelle O’Brien-Moran discusses the cumulative effects of federal and provincial tax initiatives, including the climate change plan, on Alberta’s oil and gas sector.

MNP’s Michelle O’Brien-Moran recounts Alberta budget highlights.

Fri, 20 Apr 2007 00:00:00 GMT

According to Michelle, Alberta’s $33billion record spending budget is playing catch-up to the exponential economic and population growth.

Measuring your way to success

Mon, 02 Apr 2007 00:00:00 GMT

Even the most profitable companies are always looking for ways to get better. When looking at a business, there are many ways to measure its success. A mistake that many make when measuring business performance is to focus solely on the bottom line.

MNP looks ahead as growth in the West powers prosperity

Sun, 01 Apr 2007 00:00:00 GMT

MNP has been named one of Canada's Top 10 accounting firms. When asked what the future looks like for Western Canada's accounting giant, CEO Daryl Ritchie has only one word: "Great."

Glen Thompson explains federal budget tax relief for families

Thu, 22 Mar 2007 00:00:00 GMT

MNP’s Glen Thompson provides insight and analysis of the Federal Budget 2007 on Global TV Edmonton’s morning news.

Meyers Norris Penny’s Loren Kroeker, reacts to a ho-hum budget.

Tue, 20 Mar 2007 00:00:00 GMT

It’s business as usual according to MNP’s Loren Kroeker, VP Taxation Services, in reaction to a federal budget with no real surprises, except for the lack of capital gains’ reform.

Top ten steps to effective performance management

Thu, 15 Mar 2007 00:00:00 GMT

Behind every well-run business there are people and processes. Behind every struggling business there are people and processes. The very same components that make one company successful are also present in those that struggle to get by.

Managing Risk in Your Business

Thu, 01 Mar 2007 00:00:00 GMT

There is risk associated with every aspect of business, whether you are farming or in some other business. There is no possible way to eliminate all risk. Therefore, it is crucial that farmers manage the risks that are associated with their farms.

Managing in challenging times

Thu, 01 Feb 2007 00:00:00 GMT

Virtually everyone will agree that we are in challenging times. There are the obvious challenges, external to the farm itself, relating to drought, grasshoppers, BSE and the list goes on. Government programs, trade related issues and dollar exchange rates are a few more.

Jackson Anderson merges with Meyers Norris Penny

Tue, 02 Jan 2007 00:00:00 GMT

MNP merges with Edmonton-based Jackson Anderson LLP with .

Keeping your lender happy

Mon, 01 Jan 2007 00:00:00 GMT

Successful businesses use a ‘team of advisors’ approach to managing their operations. Farms should be the same. One of the key team members, and particularly in agriculture where there is a significant amount of capital investment and leverage required, is the lender.

Hill & Partners merges with Meyers Norris Penny

Thu, 14 Dec 2006 00:00:00 GMT

Hill & Partners today announced they have merged with Meyers Norris Penny LLP (MNP), the only Top 10 national chartered accountancy and advisory firm based in Western Canada.

Meyers Norris Penny announces innovative new self-employment training program for Aboriginal entrepreneurs

Wed, 13 Dec 2006 00:00:00 GMT

Meyers Norris Penny LLP (MNP), in partnership with Alberta Economic Development, is pleased to offer a second Aboriginal Self-Employment Training Program in Calgary.

22 year local accounting firm merges with Meyers Norris Penny

Mon, 11 Dec 2006 00:00:00 GMT

Kenora’s growing marketplace has led Meyers Norris Penny LLP (MNP) to expand its Kenora office with the merger of John C. Brose, Chartered Accountant.

Meyers Norris Penny announces innovative self-employment training program for Aboriginal entrepreneurs

Wed, 06 Dec 2006 00:00:00 GMT

Meyers Norris Penny LLP (MNP), in partnership with Alberta Economic Development, is pleased to announce the launch of the Aboriginal Self-Employment Training Program in Edmonton.

Struggle to find workers the number one challenge for Medicine Hat business leaders

Tue, 05 Dec 2006 00:00:00 GMT

Medicine Hat businesses are being hit hard by Alberta’s growing labour shortage.

Biofuels: Western Canada’s answer to climate change, low commodity prices and rural revitalization?

Wed, 01 Nov 2006 00:00:00 GMT

Global warming, declining oil supplies, and a volatile Middle East. They’re disturbing problems that affect us all. While there are no easy answers, biofuels are emerging as a potential tool to help reduce these threats – and, in the case of Western Canada, help revitalize our rural communities along the way.

Integrity due diligence

Wed, 01 Nov 2006 00:00:00 GMT

You wouldn’t leave your children in the care of a stranger. You wouldn’t go away for a two-week vacation with your house left unlocked. But how well do you know the people and companies with whom you are doing business?

Accounting firms merge to meet growing needs of Lower Mainland marketplace

Tue, 24 Oct 2006 00:00:00 GMT

HKM & Partners (HKM) and Meyers Norris Penny LLP (MNP) announced today the merger of their practices effective Jan. 1, 2007, at which time HKM will operate under the name Meyers Norris Penny LLP.

Succession planning: What you didn't know you need to do

Mon, 23 Oct 2006 00:00:00 GMT

Tips on succession planning for nonprofit organizations, including advice from Daryl Johnson, MNP's practice director, Compensation & Human Resources Consulting Services.

Appreciating your cattle’s depreciation in the BSE Reality

Sun, 01 Oct 2006 00:00:00 GMT

These days, it can be tough to be optimistic - but we owe it to ourselves to be realistic. This includes how we view our older cattle. Most of us wouldn’t compare these creatures to our old tractor, but if you stop to think about it, the two have a lot more in common than you might expect.

Creating a biodiesel business plan

Sun, 01 Oct 2006 00:00:00 GMT

MNP's Gil Assie comments on key factors to consider when developing your biodiesel business plan.

Calgary based Meyers Norris Penny named Top Accounting Marketer in North America

Mon, 24 Jul 2006 00:00:00 GMT

Meyers Norris Penny LLP has just received the Oscar equivalent of the North American Accounting Marketing Awards.

MNP Helps Enoch Cree with New $132 Million Casino Project

Thu, 01 Jun 2006 00:00:00 GMT

According to the Community Economic Development Centre at Simon Fraser University, the number of native entrepreneurs is growing at a rate more than double the national average. Meyers Norris Penny is playing a key role in helping many of those entrepreneurs get their businesses running.

Fort St. John accounting firms team up to form local office of Meyers Norris Penny LLP

Tue, 04 Apr 2006 00:00:00 GMT

Meyers Norris Penny LLP (MNP), is expanding to Fort St. John, B.C. with the merger of Toews Laythorpe and Associates and Gavin Still Inc.

MNP announces innovative self-employment training program for Aboriginal entrepreneurs

Wed, 15 Feb 2006 00:00:00 GMT

Meyers Norris Penny LLP (MNP), is excited to announce the launch of their first-ever Aboriginal Self-Employment Training Program in Calgary today.

Organic beef: swimming in the mainstream

Mon, 05 Dec 2005 00:00:00 GMT

In the ‘60s and ‘70s, the words, “organic food” conjured images of health-conscious hippies intent on saving the planet. Increasingly, organic is transforming its focus from “Love and Peace” for the few to “Eat a Piece” for the many; organic products are entering the mainstream, with 76% of Canadians purchasing organic food at some point.

What if we didn’t think about it as succession planning?

Tue, 01 Nov 2005 00:00:00 GMT

There is, and correctly so, quite an emphasis placed on the importance of getting your ‘succession’ plans in place. And there is a lot of discussion within the industry, trying to understand why more farmers are not actively working on this important issue within their farm businesses.

Using financial performance in setting business strategy

Mon, 03 Oct 2005 00:00:00 GMT

Businesses face real challenges in creating and sustaining profit. Notwithstanding the achievement of personal and family goals and the personal enjoyment of working in the business, management focus should be on increasing owner value.

Turning your vision into a business plan in the New BSE Reality

Thu, 01 Sep 2005 00:00:00 GMT

The new BSE reality has led many producers to consider diversifying their businesses by investing in beef packing plants and other ventures. If this includes you, getting the support you seek with outside investors will require a business plan that goes well beyond, “I know in my gut this is the right thing to do!”

Business management tools to keep you on track

Thu, 01 Sep 2005 00:00:00 GMT

Analyzing a business is clearly not restricted to the use of ratios. However, ratios are indeed very useful tools that can be used when analyzing the performance of a business.

The new BSE reality: Time for government to eat up!

Mon, 01 Aug 2005 00:00:00 GMT

Despite our best efforts, it appears the U.S. border will continue to remain closed to Canadian cattle for awhile. The New BSE Reality has shown us the only market we can truly rely on is the one we have right here at home.

What do increased property values mean to you?

Mon, 02 May 2005 00:00:00 GMT

The recent increase in property values has a lot of people talking. Everyone seems to have seen a home in their neighbourhood sell for far more than they would have imagined a year or two ago.

Mistakes to avoid in running your business

Fri, 29 Apr 2005 00:00:00 GMT

Most business decisions have tax consequences. One of the biggest mistakes a business owner can make is to not consider the tax impact of a decision before it is made.

Succession planning in the new BSE Reality

Wed, 02 Mar 2005 00:00:00 GMT

Pressures surrounding BSE’s impact have made it especially tough to convince the next generation to remain on the farm. To address these issues, and to help ensure a solid future, succession planning must be a key part of your comprehensive business plan.

What kind of financial reports do you need?

Tue, 01 Mar 2005 00:00:00 GMT

In recent years there have been significant changes in the accounting industry. In response to the Enron and Worldcom scandals, the rules, called Generally Accepted Accounting Principles (GAAP), that accountants must follow to provide assurance on a business’ financial statements have been significantly expanded.

The equity in your business

Tue, 15 Feb 2005 00:00:00 GMT

It is generally understood that there is a relationship between risk and return. Unfortunately, the relationship is not always positive because losses can occur. For a lot of farmers, 2004 was a very good example and with prices where they are, 2005 could be somewhat bleak as well.

Key questions to ask before investing in a packing plant

Fri, 11 Feb 2005 00:00:00 GMT

As a result of the New BSE Reality we are coming to terms with, some producers are considering investing in beef processing plants. Before making your decision, ensure “that light at the end of the tunnel isn’t just a bear holding a flashlight” by asking yourself some important questions.