Welcoming a GAAP for Private Enterprises
When the Canadian Accounting Standards Board (AcSB) finalized its decision to require Canadian publicly accountable enterprises to adopt International Financial Reporting Standards (IFRS) it did not come as much of a surprise.
Our clients face
increasing complexity at home and internationally. Our job is to provide enough accounting, audit and business knowledge to make things simple.
News & Events
Are you ready for the hst transition on july 1st?
The Harmonized Sales tax (HST) comes into effect in Ontario on July 1st, 2010, and many companies are still working to determine its full effect on their businesses. To help, we've compiled some useful notes, tips and guidelines to assist you in getting ready for the transition.
Harmonization Crunch for Miners
The recent Ontario budget provided a reminder that harmonization is fast approaching and that the CRA will commence to administer Ontario's corporate income tax and capital tax, corporate minimum tax, and certain other taxes for taxation years ending after 2008. Harmonization may bring an unexpected burden for Ontario mining companies.
Special us tax bulletin
On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, H.R. 3590, into law. What many taxpayers may not realize about the highly publicized bill is that it contains a powerful new incentive for biotech companies...
Managing the Risks of IFRS Conversion
By David Danziger
Starting in January 2011, CNSX-listed entities – like all Canadian public issuers – will be converting from Canadian generally accepted accounting principles (Canadian GAAP) to International Financial Reporting Standards (IFRS). Like any significant project, this carries both risks and opportunities, not necessarily in equal measure for all entities.
MSCM ranked among Top 30 Canadian Accounting firms
MSCM has experienced considerable growth during the last few years, so much so that based on revenue, we are now ranked as #24 in Canada by the editors of Bottom Line magazine.
BUDGET COMMENTARY
In the afterglow of the Vancouver Olympics, federal Finance Minister Jim Flaherty mounted a podium in the House of Commons on Thursday, March 4, to table his fifth Budget, the second of the current minority Conservative government and the second in succession to follow a period of prorogation of the House.
Ontario HST Transitional Rules
The 2009 Ontario Budget proposed a Harmonized Sales tax for Ontario (HST) which will come into effect on July 1, 2010. It is proposed that,
HELPING HAITI
In the first few days after the recent earthquake in Haiti, the full extent of the destruction and loss of life became clear, and we were all shocked by what we saw.
TMX CHINA ROADSHOW: WINDMILLS AND A WARM WELCOME.
In October key members of MSCM’s China Desk traveled to China with the TMX Canadian Public Equity Markets China Roadshow. The warmth of the welcome we received as a sponsor for the event was a perfect match for the entrepreneurial drive and technical strength we saw everywhere we went.
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TMX ROADSHOW
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LUNCH & LEARN
October 5, 2010
If you are interested in attending one of our Lunch & Learn sessions, please contact David Danziger. Seating is limited.
