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Learn MoreFebruary 01, 2012
On another Tax Tip Tuesday Jason McIntyre asked our director of taxation services about a number of common deductions available to self-employed taxpayers including home office expenses, equipment costs, inventory, car expenses, meals and entertainment and conventions.
To listen to the interview please click here.
January 31, 2012
Several members of the McLarty & Co assurance team attended the Annual Chair’s Breakfast with the Honourable Jim Watson and J. Douglas McLarty, FCA.
January 17, 2012
Martha Skeggs explains in a Globe and Mail article that Americans living in Canada should steer clear of TFSA’s since they are not covered by the Canada-US tax treaty.
To read the article please click here.
January 13, 2012
McLarty & Co’s employees showed their appreciation for the company’s emphasis on family-friendly schedules, personal growth and consultative management by rating it as one of the top employers in the region.
To read the Ottawa Business Journal article, please click here.
January 01, 2012
January 01, 2012
Changing Lanes is a quarterly newsletter designed to inform and motivate business owners contemplating a change in ownership.
Please see below for the latest edition of Changing Lanes.
Previous Issues:
Fall 2011 - Issue 8
Summer 2011 - Issue 7
Spring 2011 - Issue 6
Winter 2011- Issue 5
Fall 2010 Issue
Summer 2010 Issue 3
Spring 2010 Issue 2
Winter 2009- Issue 1
December 22, 2011
As treasurer of the Christmas Cheer Foundation, Doug McLarty had the opportunity to experience giving to some of the charity’s recipients first hand by delivering food baskets this morning. This afternoon Doug enjoyed delivering an unexpected cheque to The Good Companions Centre as a result the community contributing more than was anticipated.
December 17, 2011
Pay off your line of credit, transfer $15,000 worth of investments to a Tax Free Savings Account (TFSA) immediately and, from age 60 to 63, transfer $5,000 a year from your RRSP to your TFSA. This is what Ross suggested to a single 50-something woman worried about her retirement.
To read the article please click here.
December 16, 2011
Our end of year newsletter summarizes useful tax and payroll information related to the end of 2011 and the beginning of 2012.
To read the newsletter, please click here.
November 07, 2011
Doug McLarty, FCA was invited to participate in a panel discussion at the CICA’s first Advanced Personal Financial Planning Conference. Doug presented the McLarty & Co wealth management model and its integration with the public accounting business. Other panelists included representatives of the Ontario Securities Commission, the Institute of Chartered Accountants of Ontario and the Institute of Chartered Accountants of Alberta.
November 04, 2011
A recent Globe & Mail article discusses the importance of high net worth individuals obtaining expert advice for tax, succession, estate and financial planning as well as wealth management. It says that “one of the easiest ways to access wealth management expertise is to sign on with an organization that offers a comprehensive suite of services all under one roof”.
To read the article please click here.
October 27, 2011
Ross McShane provides some tips on how investors could review their portfolios to determine if opportunities exist to trigger tax losses that will offset taxes the investor would otherwise owe on capital gains. Ross describes how tax-loss selling works, some pros and cons, and the tax rules that need to be taken into account.
To read Ross’ article please click here.
October 04, 2011
Patterson Dental and McLarty & Co are hosting a seminar the evening of October 26th. McLarty & Co will be sharing their expertise with dentists’ financial issues to discuss: the return on investment from CEREC technology; HST; incorporation’s benefits; and salaries and dividends. If you are interested in attending please email (JavaScript must be enabled to view this email address).
October 03, 2011
On Tuesday, November 1st Bob Gorman, TD Waterhouse’s Chief Portfolio Strategist (and Ottawa native) will be discussing his investment outlook for 2012 at a McLarty & Co wealth management seminar. McLarty & Co’s approach to wealth management emphasizes financial planning and portfolio management that is integrated with tax, estate, insurance and business planning.
If you may be interested in attending please contact Sue Fagnan, BCom or Ross McShane, CGA, CFP, RFP at 613-726-1010 or info@mclartyco.ca for more details about the seminar.
August 14, 2011
Jason McIntyre and Doug McLarty, FCA, TEP discussed a number of issues related to transition and estate planning. Doug highlighted the components of a typical estate plan and then moved on to describing the two to four year process of transitioning a business from one owner to another. Some of the planning issues that are especially critical for family-owned businesses were also reviewed.
To listen to the clip, please click here.
August 10, 2011
In a live interview on CTV News McLarty & Co’s Director of Financial Planning Services, Ross McShane, CGA, CFP, RFP, advised investors to avoid panicking and acting rashly. He stressed the importance of sticking to financial plans. Downturns can be viewed as good opportunities for re-balancing portfolios to bring them back in line with asset-mix objectives. If investors are losing sleep over their investments it may be that they are assuming more risk than is necessary to achieve their financial goals.
To view the interview please click here and select the second video.
August 09, 2011
CTV interviewed McLarty & Co about the importance of its family-friendly policies in a news story about a new HR trend.
To see the interview, please click here, select August 9 and then forward to 5:50 minutes into the newscast.
August 05, 2011
Our taxation services group prepared a newsletter on the topic of trusts in response to a recent Supreme Court decision that underscores the importance of properly implementing and executing trusts.
To read this newsletter please click here.
July 19, 2011
Martha Skeggs provided information and comments on a number of current and upcoming tax credits related to caring for and/or financially supporting the disabled, infirm and elderly. Jason McIntyre asked Martha about the new (January 2012) benefits, how to obtain a disability tax credit certificate, requesting credits for prior years and financial planning related to nursing home costs.
To listen to the interview, please click here.
June 13, 2011
An article in the Globe and Mail highlights the need for American citizens and green card holders to file annual tax returns and detailed reports on their bank and investment accounts with the Internal Revenue Service. The IRS has launched an aggressive campaign to root out tax offenders. This is having an impact on American citizens and green card holders who are residents of Canada but may not know they have this obligation to report. Failing to file U.S. returns and disclose the required financial information to the IRS could result in penalties even when there is no tax owing.
If you have questions about what the IRS rules mean to you, you can contact Martha Skeggs, CA, CPA (Illinois), our Director of Taxation Services, at 613-726-1010, ext 225 or mskeggs@mclartyco.ca.
To read this article please click here.
