RLB Blog

 GST/HST on Assignment of New Housing Agreements

COVID-19 has opened employers' eyes to the benefits of offering remote and hybrid work opportunities. It may be challenging for some employers to imagine not conducting their new hires' onboarding and training in person, luckily there are various ways to ensure a smooth transition and foster a warm welcome virtually.

World Password Day was established back in 2013 as a way to really highlight how vital a strong password is. An effective password will keep private information safe and prevents others from accessing multiple accounts if one is compromised. While many people have not yet been victims of any password security threats, 4 out of 10 people have had their data compromised. Not only is this a headache to resolve but can also lead to security breaches within organizations and often leaves individuals feeling both vulnerable and violated.  

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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.

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.

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?

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.

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.

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.