Moore Stephens

How to carry out the initial assessment?

HOW TO CARRY OUT THE INITIAL VALUATION OF AN INTEREST-FREE OR LOW-INTEREST FINANCIAL INSTRUMENT? Accounting standards for private enterprises (“ASPE”) stipulate that the fair value of a financial instrument whose interest rate does not correspond to market...

The US tax authorities simplify their procedures

THE U.S. TAX DEPARTMENT SIMPLIFIES ITS PROCEDURES: ELIMINATION OF U.S. FORM 8891 FOR CANADIAN RRSP AND RRF On October 7, the Internal Revenue Service (“IRS”) simplified its administrative procedures for U.S. residents with Registered Retirement Savings...

Use of nominees

USE OF NOMINEES IN THE REAL ESTATE BUSINESS In recent years, the Agence du revenu du Québec (“ARQ”) has stepped up its GST/QST audits of nominee corporations that manage commercial real estate on behalf of property owners. ARQ had a very restrictive...

Efficient human resources management

EFFECTIVE HUMAN RESOURCES MANAGEMENT : A MUST-HAVE FOR A SUCCESSFUL COMPANY! Personnel management is a daily challenge for managers, but one that, if well met, will help you attract and retain competent, productive individuals who will contribute positively to your...

Voluntary disclosure by Revenu Québec

RECENT CHANGES TO REVENU QUÉBEC’S VOLUNTARY DISCLOSURE POLICY   Over the past two years, the Agence du Revenu du Québec (“RQ”) has made changes to its voluntary disclosure (“VD”) policy. Here’s a brief summary of the income tax...

Gazelles program

GAZELLES PROGRAM Quebec Ministry of Finance and Economy   Élaine Zakaïb, Minister for Industrial Policy and the Banque de développement économique du Québec, is on the hunt for gazelles, the small and medium-sized businesses considered to be the most promising in...