Time Requirements for Tax Records

The rule for retaining tax returns and documents supporting the return is six years from the end of the tax year to which they apply. Your 2010 return and its supporting documents, for example, are safe to destroy at the en of 2016. There are situations that alter this rule. If you have filed late…

Federal Election 2015

OTTAWA — Prime Minister Stephen Harper may request a federal election call as early as Sunday, Aug. 2. Sources tell The Huffington Post Canada that the Conservative Party is planning a rally in Montreal Sunday evening — a natural stopover for Harper after taking a stroll to the Governor General’s residence in Ottawa and asking…

Increases to Alberta Tax Rates

For better or worse, on June 18, 2015, Alberta’s newly elected NDP provincial government released Bill 2, which immediately received First Reading in the Legislature and passed. Even though the Bill is still not law, it will undoubtedly pass into law soon. Bill 2 contains corporate and personal tax increases that are, quite frankly, shocking.…

Where Is The Dollar Heading?

In late 2012, the Loonie was about par with the U.S. Dollar before sliding to about 80 cents today. That’s the lowest level it’s been at since the recession. Why is the dollar weaker? What should we expect for the remainder of 2015? – There are three factors that have driven the dollar downward; 1)…

4 Key Strategies For Managing Growth

1) Look at your strategic plan and the current state of your business. What will be your key needs in terms of systems and processes going forward? Get started on implementing them right now. 2) Make sure to introduce sound financial management practices. These include making financial projections and then monitoring actual performance closely to…

Making a difference in our communities!

HGA is proud to support the Crime Stoppers Association of Edmonton and Northern Alberta in their first annual Caught by Crime Stoppers Jail Bailout. On Thursday, May 28, members of the Edmonton Police Service will be “arresting” Edmontonians around the city and bringing them to a mock jail at Southgate Centre where they will be…