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Edelkoort Smethurst Schein CPA’s LLP – April 2010 e-Newsletter

Newsletter Content • Latest News • Bill 198 and IFRS • IFRS – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets • Ontario HST Read More

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Ontario HST – How to Prepare for Implementation

Effective July 1, 2010, Ontario’s Retail Sales Tax (RST) be replaced with the Ontario Harmonized Sales Tax (HST). The HST will have a combined tax rate of 13 per cent — combining the existing five per cent federal Goods and Services Tax (GST) and an eight per cent Ontario component. The HST will be administered by the Canada Revenue Agency. Read More

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Strategic Planning Best Practices

What is strategic planning and why is it so important? Read More

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C-SOX and it”s impact on Canada

The bankruptcies of Enron in 2001 and Worldcom in 2002 were due, in large part, from financial reporting irregularities. The sheer magnitude of Enron's collapse (Enron had revenues of over $100 billion), the nature of some of their accounting practices, and complicity of other firms who turned a "blind eye" to the questionable transactions, created a crisis in confidence for investors who rely upon the financial statements of publicly traded companies in making investment decisions. Read More