Useful Links to Help Save You Time and Money:
Canada Revenue Agency ("CRA") -- http://www.cra.gc.ca
The CRA administers the Government of Canada's and various provinces'/territories' tax laws including tax return compliance and tax collection. In addition, it administers various social and economic benefits through the tax system. The CRA website is a fountain of information, including:
• News -- http://www.cra-arc.gc.ca/whtsnw/menu-eng.html
• Online payroll calculator -- http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/pdoc-eng.html
• HST -- http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/menu-eng.html
• New businesses -- http://www.cra-arc.gc.ca/tx/bsnss/sm/menu-eng.html
• Business number registration -- http://www.cra-arc.gc.ca/tx/bsnss/tpcs/bn-ne/menu-eng.html
• Personal taxes -- http://www.cra-arc.gc.ca/tx/ndvdls/menu-eng.html
• Corporations -- http://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/menu-eng.html
Department of Finance Canada -- http://www.fin.gc.ca/
This Department is responsible for the development of Canadian Federal fiscal policy, including Federal tax laws. You can find information on the Federal budget announcements and how they will impact you, your family, your investments, or your business.
Ontario Ministry of Finance -- http://www.fin.gov.on.ca/en/
On this website, you can find information on Ontario budget announcements, tax legislation, and new or existing Ontario income tax incentives. Often the Ontario budget is very similar to the Federal budget. However, differences exist in many areas and this website can help you understand the differences.
Ontario Ministry of Labour -- http://www.labour.gov.on.ca/english/
This Ministry is responsible for developing, communicating, and enforcing labour legislation and other workplace practices that are essential to Ontario residents, including: occupational health and safety, employment rights and responsibilities, and labour relations.
Service Canada -- http://www.servicecanada.gc.ca/eng/home.shtml
Service Canada provides Canadians with access to, and delivery of, a wide range of Government of Canada programs and services for citizens, such as the Canada Pension Plan, Employment Insurance, employment programs, Old Age Security, SIN, etc.
The Bank of Canada -- http://www.bankofcanada.ca/rates/exchange/10-year-lookup/
This link takes you directly to a currency converter, to get exchange rates for all currencies at any point in time, from today's rate so you know what to expect when you travel or when you are completing your year end, up to 10 years ago, in case you have stock transactions to translate. You should note however, that if you are using this website for travel purposes, the exchange rates used by various banks will vary slightly and fees will be applicable to any transactions requiring conversion of funds from one currency to another.
Our Privacy Principles and Practices
We are committed to respecting and protecting the privacy and confidentiality of our clients' personal and business information that is entrusted to us in the course of our work. As Chartered Accountants, we are governed by the Rules of Professional Conduct mandated by our Institute. These rules continue to guarantee the privacy and confidentiality of your personal information.
The Privacy Act protects individuals and businesses in the public (i.e. government) sector. Since 2004, the Canadian government, through the Office of the Privacy Commissioner of Canada, implemented the Personal Information Protection and Electronic Documents Act (PIPEDA) to further protect your information in the private sector. According to the Office of the Privacy Commissioner of Canada's online Fact Sheet on PIPEDA, "PIPEDA sets out ground rules for how private sector organizations can collect, use or disclose personal information in the course of commercial activities. It balances an individual's right to privacy with the need of organizations to collect, use or disclose personal information for legitimate business purposes. PIPEDA reflects the realities of the business world. It is based on the Canadian Standards Association's Model Code for the Protection of Personal Information, which is incorporated into the legislation". For further information, please refer directly to their website at: http://www.priv.gc.ca/fs-fi/02_05_d_16_e.cfm
There are ten principles which form the basis of the Model Code for the Protection of Personal Information (CAN/CSA-Q830-96; published March 1996; reaffirmed 2001). The ten principles, including how our firms address those principles, are as follows:
1. Accountability: An organization is responsible for personal information under its control and shall designate an individual or individuals who are accountable for the organization's compliance with the following principles. Helen Lakkotrypis and Helen Loukatos are each Privacy Officers, responsible for the privacy matters of their respective firms.
2. Identifying Purposes: The purposes for which personal information is collected shall be identified by the organization at or before the time the information is collected. We ensure that this is done by including such commentary in our engagement letters that are issued at the start of any service that we provide.
3. Consent: The knowledge and consent of the individual are required for the collection, use, or disclosure of personal information, except when inappropriate. This step is accomplished by requiring our clients to sign our engagement letters which indicate their consent.
4. Limiting Collection: The collection of personal information shall be limited to that which is necessary for the purposes identified by the organization. Information shall be collected by fair and lawful means.
5. Limiting Use, Disclosure and Retention: Personal information shall not be used or disclosed for purposes other than those for which it was collected, except with the consent of the individual or as required by law. Personal information shall be retained only as long as necessary for the fulfillment of those purposes.
6. Accuracy: Personal information shall be as accurate, complete and up-to-date as is necessary for the purposes for which it is to be used.
7. Safeguards: Personal information shall be protected by security safeguards appropriate to the sensitivity of the information. A self-assessment tool can be found at:
8. Openness: An organization shall make readily available to individuals specific information about its policies and practices relating to the management of personal information.
9. Individual Access: Upon request, an individual shall be informed of the existence, use, and disclosure of his or her personal information and shall be given access to that information. An individual shall be able to challenge the accuracy and completeness of the information and have it amended as appropriate.
10. Challenging Compliance: An individual shall be able to address a challenge concerning compliance with the above principles to the designated individual or individuals accountable for the organization's compliance.
Note: The full text of the Model Code for the Protection of Personal Information can be obtained from the Canadian Standards Association's online store at:
You may also order the Model Code from: CSA International, 178 Rexdale Boulevard, Etobicoke, Ontario, M9W 1R3.
Please contact Helen Loukatos at firstname.lastname@example.org if you have any further