Inheriting the Family Cottage? Watch Out! In Canada, There Will Be Tax To Pay.
Inheriting the family cottage may not be as simple as getting the keys after mom and dad pass away. The cottage is a source of joy, which is why many [...]
The Dreaded “Auditor”
Joanne Seeds - Making Sense of Numbers. We have a new Auditor that will be visiting the company to do the year-end audit. We don’t know them - and yet [...]
Maybe It’s Me … But this is Retail!
In her recent Globe and Mail article Marina Strauss did her usual great job covering the impact, real and imagined, on Canadian retail as more U.S. operators prepare to enter [...]
Governance update: Canada Not-for-Profit Corporations Act 2011
Industry Canada announced that on October 17, 2011 the new Canada Not-for-profit Corporations Act (NFP Act) came into force. Organizations currently in the process of incorporating may have to submit new forms, and organizations incorporated under the previous legislation will have three years to transition to the Not-For-Profit Act. Boards and their members should review current by-laws and see what changes will be needed to be made in the transition period. As it relates to directors, the Act will a more standard objective in carrying out their duties and responsibilities.
Canadian Board of Directors Index
Every year, Spencer Stuart sends me a copy of their 'Canadian Spencer Stuart Board Index - Board Trends and Practices of Leading Canadian Companies'. Yesterday's mail brought the 2009 study. [...]