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Promote Diversity, Equity, and Inclusion in your Workplace

Promote Diversity, Equity, and Inclusion in your Workplace
April 13, 2022

In today’s workforce, we are seeing more companies put diversity, equity, and inclusion into greater focus. DEI, as it is often shortened to, is so much more than a policy, a training session, or a headcount. It is an opportunity to foster employee engagement with varying perspectives.

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National “I am in Control Day”

National “I am in Control Day”
March 28, 2022

It is completely normal to feel overwhelmed by life or to struggle to make decisions. National I am in control day is on March 30th. On this day, we strive to get things under control in our lives on a day-to-day basis. In our new world, it can seem difficult to do this. However, there are some small steps you can take to move in the right direction. The discussion to follow are some suggestions on how you can take control for yourself.

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Right to Disconnect Legislation

Right to Disconnect Legislation
February 16, 2022

What Employers need to know when implementing the Right to Disconnect Legislation Employers that employ 25 more employees on January 1st of any year must have a written policy on disconnecting from work in place by March 1st of that year. This is referred to as the Right to Disconnect provision. The purpose of this legislation is to support employees mental wellbeing and encourage work-life balance. The main questions employers and employees themselves are asking is what does this mean and how is this going to be implemented?

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Tips for an Effective Board of Directors

Tips for an Effective Board of Directors

What is a Board of Directors? A Board of Directors is an elected group of individuals that represent the shareholders of an organization or members of a not-for-profit organization. They are to provide strategic direction to the organization and oversight of senior management’s activities. In a not-for-profit, the Board is responsible for governing the organization. The tips to follow can be the difference between a Board being able to effectively operate an organization versus inspiring and driving its success.

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2021 T4 Season

2021 T4 Season

It’s that time of year again, T4 Season!  T4 slips are due to be handed out to employees by February 28, 2022.  The penalty for failing to distribute T4 slips to recipients is $25 per day for each such failure with a minimum penalty of $100 and a maximum of $2,500.

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Investments and Terminal Income Tax Returns

Investments and Terminal Income Tax Returns

At the date of death As a general rule, when an individual passes away, they are deemed to have disposed of their assets on their date of death at fair market value (“FMV”). As a result, any accrued gains on investments held in non-registered accounts, and the full value of certain registered accounts, such as registered retirement savings plans (“RRSP’s”) & registered retirement income funds (“RRIF’s”), typically must be included as income on the deceased’s terminal income tax return.

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Changes to Compilation Engagement

Changes to Compilation Engagement
February 1, 2022

A compilation engagement (previously referred to as a notice to reader) will be going through some changes this year. This is the first time in over 30 years that the Auditing and Assurance Standards Board has issued a new standard. For those who manage a business and engage a practitioner to compile your financial information, these changes should be taken note of.

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Drive your Employee Engagement through Performance Feedback

Drive your Employee Engagement through Performance Feedback
February 1, 2022

Drive your Employee Engagement through Performance Feedback Effective performance management is essential to a business. It is critical to an employee’s personal development to implement effective performance management processes. Performance management encourages communication, pinpoints strengths, and builds long-lasting work relationships. Providing comprehensive feedback allows your employees to achieve their greatest potential which, as a result, increases productivity.

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Get Up Day: Taking A Look At Resiliency & Wellbeing

Get Up Day: Taking A Look At Resiliency & Wellbeing
January 31, 2022

February 1st is National Get Up Day. This gives us an opportunity to share inspiring stories of perseverance. It reminds us to pick ourselves up when we have fallen and give it another try. In our new normal, one of our biggest challenges can be working effectively from home while still feeling connected to your co-workers. Many of these trials could be parents with young children having to take on the role of teacher or dealing with a demanding and affectionate officemate (yes, I am talking about my cat).

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What the Ontario Staycation Benefit Means for Businesses

What the Ontario Staycation Benefit Means for Businesses

After two years in lockdowns, red zones and face masks, the Ontario government will be providing a “Staycation” Tax Credit for 2022. The aim of the tax credit is to encourage Ontario residents to explore the province and boost the tourism and hospitality sectors financially from the pandemic. This can be viewed as a less risky alternative to travelling outside of Canada. The tax credit is estimated to provide $270 million in support to 1.85 million Ontario families.

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