Posts

July tax news: Non-arm’s length property transfers, superficial losses–and more

NON-ARM’S LENGTH PROPERTY TRANSFERS Overview There are special rules under the Income Tax Act (the “Act”) that apply to property transfers to a non-arm’s length person. The rules, discussed below, can override the actual proceeds or sales price received on the property transfers. For most purposes, “related” persons, as defined in the Act, are non-arm’s […]

Factory workers

Canada Emergency Wage Subsidy enhanced, CRA announces new T4 requirements

The federal government continues to adjust and clarify various features of the Canada Emergency Wage Subsidy  program, the COVID-19 relief benefit designed to help employers cover a portion of their wage expenditures through the worst of the pandemic. Another round of lockdowns, coupled with a stubbornly challenging economic environment across many sectors, has prompted Ottawa […]

Introducing KRP LLP’s newest partner, Cecily Huang

On the heels of long-time partner Marshall Egelnick’s retirement after a more than 40-year career with our firm, we’re thrilled to announce a dynamic new addition to our leadership team. Cecily Huang is now a member of the KRP LLP partnership group. Huang has been a key member of the KRP team for more than […]

Marshall Egelnick, our partner and friend, announces his retirement

The New Year brings with it a change in the leadership ranks here at KRP. After 40 years as an integral member of our management team, our friend and colleague Marshall Egelnick is calling it a career. Egelnick replaced Founding Partner Ralph Rabinowicz (since retired) as Managing Partner in 2014, and in early 2020 was […]

CFE Exam

Introducing KRP LLP’s successful Common Final Examination writers

As a firm, KRP LLP has long been dedicated to providing you with the very best service, experience and expertise possible. Meeting that standard has meant working to enhance our strategic tax, accounting and assurance capabilities by recruiting and developing the best talent our industry has to offer. On that note, we’re proud to announce […]

Boardroom Meeting

KRP LLP debuts a dynamic new website and a refreshed brand identity

Following on the announcement of a new leadership structure, as well as a rebrand from Kestenberg Rabinowicz Partners LLP to KRP LLP, we’re proud to introduce a bold reimagining of our website and an exciting refresh of our longstanding brand identity. With a mind to preserving the brand equity in our existing logo system, our […]

Chefs Kitchen

The collapse of Jamie Oliver’s restaurant empire reveals the naked truth about over-expansion

You have to feel for Jamie Oliver. The British celebrity chef has endeared himself to audiences the world over with his innovative twists on everything from traditional English fare to Italian staples. He’s advocated tirelessly for improvements to school cafeterias and nutrition for children. His restaurant Fifteen was designed to teach cooking skills to troubled […]

Why it makes sense for young accountants to consider working for a mid-sized firm

This is the time of year when the latest cohort of new accountants has graduated from their undergraduate programs and begins plotting the journey to a long and meaningful career. It’s also when we’re often approached by young professionals—including some of our future interns and hires—curious about what comes next and how best to steer […]

AI will revolutionize accounting, but not in the ways you might expect

Artificial intelligence (AI) is everywhere. In the news, on the minds of CEOs, in blogs such as this one. Canadian entrepreneurs are actively working to determine to what degree this burgeoning technology will impact their organizations and industries—and how they should be responding. That answer will vary depending on the sector, but in finance, we’re […]

Updated–The great entrepreneurial debate: whether to buy or lease a company vehicle

As Chartered Professional Accountants, the most common two questions we’re asked by clients is whether they should buy or lease a car, and whether they should buy personally or under their company name. Inevitably our answer has been, “It all depends.”  How long do you plan to hold on to the car?  Do you have […]