Maj-Lis Vettoretti of Shimmerman Penn was the author of the ‘leader article’ in the May 2009 edition of Professional Marketing Magazine, a monthly publication produced by the marketing association, PM Forum, the world’s largest association of marketers in professional firms. The article – “Waking up to a new reality” – discussed the impact of the economic reality on professional firms and how many have come to recognize the need to help professionals with business development skills. Read more . . .
Elaine Pantel and Maj-Lis Vettoretti of Shimmerman Penn were members of a panel of experts at the 2009 Ontario Association of Architects annual conference in Toronto. The panel presentation took place on Friday, May 8, and addressed various aspects of succession planning.
Sheldon Title of Shimmerman Penn Title & Associates Inc. presented at the Insolvency and Restructuring Forum, organized by the Canadian Association of Insolvency and Restructuring Professionals ("CAIRP'") on May 20, 2009 in Toronto. For more information . . .
Elaine Pantel and Maj-Lis Vettoretti, members of Shimmerman Penn's architects, engineers and designers sector team, presented at the Society for Design Administration (SDA) Canada event on March 25, 2009. Their topic was: "Purchase; Sell; Merge; and Fold - What will your firm look like in 5, 10 years and beyond?
Sheldon Title of Shimmerman Penn Title & Associates Inc. presented at the Ontario Bar Association event "Insolvency Law - The 2008 Amendments to the Bankruptcy and Insolvency Act" on February 2, 2009. For more information . . .
Sheldon Title was quoted in the Law Times article March 23, 2009 dealing with a new Federal program providing wage guarantees to workers of bankrupt companies that will soon expand to include protection for severance pay.
Elaine Pantel and Maj-Lis Vettoretti were recently interviewed by AccountingWeb, an on-line news source for the accounting profession and its clients. To read the article visit AccountingWeb.com by clicking here.
GST Storm hits Bay Street
The Federal Court of Appeal recently upheld a decision of the Tax Court of Canada in the Queen v The Canadian Medical Protective Association (“CMPA” ) that “discretionary” investment management services are “financial services” and therefore exempt from GST. Accordingly, it was held that the CMPA was entitled to its claim for a refund of all GST paid on amounts invoiced by its investment managers. Read the bulletin . . .
Spring into Tax Savings With Income Splitting Loans Revisited
Canada Revenue Agency (CRA) is about to reduce the prescribed interest rate to the lowest level in history. Based on current legislation the rate is set to drop to 1% on April 1, 2009. For the period between April 1, 2009 and June 30, 2009, you can arrange for all investment income earned over 1% to be taxed in the hands of a lower income family member by making a loan to them at the CRA prescribed rate of 1%. Read the bulletin . . .
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