Posts

Reversionary or revocable trusts for a loved one

February tax news: Understanding trusts, managing partnership returns–and more

REVERSIONARY/REVOCABLE TRUSTS A trust is a relationship under which a person, called a settlor, contributes cash or other property in trust for the benefit of others, called the beneficiaries. The trust is not a legal person or entity for most purposes, but it is considered a “person” and a “taxpayer” for income tax purposes. The […]

business people at an office

Positioning your organization for post-pandemic growth

And now comes the hard part. As the acute phase of the COVID-19 crisis slowly winds down across Canada and business begins to return to normal—albeit very slowly in provinces such as Ontario—leaders are finally able to take a deep breath, survey the financial damage and prepare for the post-pandemic recovery. Others may conduct the […]

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 […]

office staff in the workplace

Kick-start your return-to-growth strategy with a focus on the workplace

What will the new normal be? That’s the question businesses across Canada and around the world are trying to answer as governments lift restrictions put in place to help limit the spread of COVID-19. With companies eagerly reopening retail locations, ramping up production at manufacturing facilities and re-energizing their offices, it’s critical for leaders to […]

Chrysler CEO Sergio Marchionne’s death offers business succession lessons for entrepreneurs

It’s a nightmare scenario for any organization whose brand or operational structure is largely built around the expertise and industry standing of a charismatic owner or leader: that individual’s sudden, untimely passing. Fiat Chrysler (FCA) was forced to deal with just such a crisis in recent weeks when longtime CEO and turnaround wizard Sergio Marchionne […]