At Clearline, we are often asked “What is the best way to reward employees?”   Generally, all gifts and awards given to employees are considered to be taxable benefits by the CRA. The monetary value of the gifts and awards must be added to the employee’s employment income and included on the T4 slip. There…

November 12, 2019 – The partners of Clearline CPA and Santos & Co. (from right to left: Jeff Block, Bilal Kathrada, Joe Santos, Bridget Noonan, Robert Santos, and Tom Gillespie) Recently, we celebrated the careers of our friends and colleagues, Joe and Robert Santos at their retirement party. The event, which…

Author: Bilal Kathrada   What is SR&ED?  While most people haven’t heard of this government program, those who do know about it are likely taking advantage.   In a country with approximately 1.2 million small businesses, only an estimated 22,000 businesses are using the program. These 22,000 businesses are splitting the approximate $3 billion annual allowance.…

The Clearline Vancouver office is moving, but not too far! Only two floors to be precise.  On October 1, 2019, our downtown office will be relocated from Unit 1010, 789 West Pender Street to Unit 855 in the same building. The new unit is smaller than our existing one and will be used primarily as…

Author: Tom Gillespie In a previous article titled Better Financial Information, Better Decisions we discussed how maintaining up to date and accurate financial records can provide business owners and managers with better information from which to base their management decisions. In this article, we introduce the concept of Key Performance Indicators (KPIs) and how they…

Author: Jeff Block I start every morning perusing what is making headlines in the news, with particular attention given to tax topics.  If I stay diligent, I plan to share some of the headlines I have found interesting during the past month or two. An accountant I am – a blogger I am not.  So,…