James D. Peros C.A. C.P.A

Money Saver  Lack of sleep can reduce productivity, increase absenteeism and add to the risk of accidents and errors on the job. Changing Times More and more we are increasing the number of hours we work. In a 2012 study, Human Resources and Social Development Canada found that we now devote 10% of each 24-hour day to paid work compared with 8.7% in 1976, an increase of 14.9%. We also spend a lot of time getting to and from work.  According to Statistics Canada’s National Household Survey for 2011, 15.4 million people commuted to work and 1.1 million worked from home most of the time. The average time to get to work was 25.4 minutes but many people in Toronto, Montreal, the Abbotsford- Mission area of British Columbia and their surrounding communities spent an hour or more getting to work. A similar amount of time was spent getting home.Dr. Meir Kryger, MD, a former professor of medicine at the University of Manitoba says people who do not sleep well ...

Let’s Incorporate The incorporation process is relatively simple whether you incorporate provincially or federally. As a sole proprietor, you may be looking back at last year’s results and ahead to the time you have to pay your taxes, and wondering whether you might not be better off incorporating to control the income tax expense on earned income. In Canada, a company may be incorporated provincially or federally. Federal incorporation has some advantages: You can carry on business in any provincial jurisdiction using the federally approved name. The head office can be in any province. Books and records can be maintained in any province. Annual meetings can be held in any province or territory. If you are incorporated provincially and wish, for example, to move your business from Alberta to Manitoba, it would be necessary to dissolve the Alberta corporation and reregister in Manitoba or apply for a discontinuance in Alberta and apply for a continuance i...