The partners of Graham Scott Enns LLP wish fellow partners Bill Luyks and Megan Siemens along with manager Michael Helder well, as they leave the firm to form a new partnership, Luyks Siemens Helder LLP. While we have all greatly enjoyed working together over the years, the time has come to explore new opportunities to meet our mutual goals of providing excellence and quality in client service.
Clients currently working with Bill, Megan and Mike will be contacted over the coming days and weeks to discuss the best path forward to support their accounting and taxation needs. The change will be effective January 1, 2022.
We thank all our clients for your support during this time of transition and look forward to serving you for many years to come.
The partners of Graham Scott Enns LLP and The partners of Luyks Siemens Helder LLP
Michael Stover, CPA, CA Bill Luyks, CPA, CA
Robert Foster, CPA, CA Megan Siemens, CPA, CA
James Frederick, CPA, CA Michael Helder, CPA, CA
Michael MacKinnon, CPA, CA
Paul Schneider, CPA, CA
Derek Michell, CPA, CA
Ann Marie Perry, CPA, CA
Garth Howes, CPA, CA
Jennifer Buchanan, CPA, CA
Today marks the most exciting time of year! The annual CFE begins today running for the next 3 days.
Best of luck to all writers this year, we all know the efforts you have put in over the last month of studying.
Trust in your own abilities and process.
Canada Emergency Rent Subsidy
COVID-19 Medical Expenses
Canada Emergency Response Benefit Repayments
TFSA Excess Contributions
Will and Beneficiary Designations
CRA or Scammer!
Tax Tips and Traps 135, 2021 – 3rd Quarter
Immediate Capital Asset Write-Off
Canada Recovery Hiring Program
Extended Wage and Rent Subsidies
Beneficial Ownership of Corporations
COVID-19 Benefits for Individuals
Guaranteed Income Supplement
Tax Tips and Traps 134, 2021 – 2nd Quarter
Tax Highlights of the 2021 Federal Budget Commentary Include:
A. Personal Measures
B. Business Measures
C. International Measures
D. Sales and Excise Tax
E. Electronic Filing, Payments and Certification
F. Previously Announced
Read the full article below.
2021 Federal Budget Commentary
As of April 8, 2021 there has been no extension to the personal income tax filing deadline of April 30, 2021 (or June 15, 2021 for self-employed individuals). We at GSE are here to assist you in the completion of your tax returns and offer a variety of contactless options in order to facilitate the safe preparation of your returns. If you would like to learn more about these options, please contact a member of our team to determine an option that works best for your personal circumstances.
GSE would like to celebrate the success of a hard-working colleague! Bill Luyks, CPA, CA, who is a partner in our Aylmer office, has been recognized by Jackson McCully as an Outstanding Brock Co-op Supervisor!
Jackson has been a co-op with GSE for all of his co-op terms and has nominated Bill for providing him with a great co-op experience over this time. Bill is a helpful mentor, who supports staff with their career goals by providing them with opportunities to learn and develop new skills. Bill is well known for taking time out of his busy schedule to discuss workload, provide feedback, and catch up on personal news.
Bill’s strong mentorship and support have helped to reinforce Jackson’s goal of becoming a Chartered Professional Accountant as well as his successful transition into public accounting.
We wish to congratulate Bill and all other recipients on this well-deserved award!
Check out all of the recipients here: Co-op Recognition and Awards – Co-op, Career and Experiential Education (brocku.ca)
In response to the difficulties faced by the hardest hit businesses due to COVID-19, BDC in conjunction with the Government of Canada, has developed the Highly Affected Sectors Credit Availability Program (HASCAP) Guarantee. This program will provide low-interest loans ranging from $25,000 to $1,000,000 to cover operational cash flow needs.
To qualify, businesses must:
- Be Canadian based.
- Have been financially stable and viable pre-COVID.
- Have received payments either from the Canadian Emergency Wage Subsidy (CEWS) or the Canada Emergency Rent Subsidy (CERS) by demonstrating a minimum 50% revenue decline for at least 3 months within the last 8-month period prior to the HASCAP application.
- The loan will be used to continue or resume operations.
- The loan cannot be used to pay or refinance existing debts.
- Minimum risk ratings will apply, varying by size of new loan.
- You can apply for a loan under the HASCAP Guarantee for each legal entity you own, up to a maximum combined amount of $6.25 million (all legal entities combined).
- Other conditions may also apply.
Please see the BDC website for more details, including all eligibility requirements: https://www.bdc.ca/en/special-support/hascap?ref=shorturl-hascap
HASCAP will be available until June 30, 2021. If you think this program would be the right opportunity for your business, you are encouraged to apply.
Last up in our series of announcements, Graham Scott Enns LLP would like to recognize the promotion of Angel Schaap to Manager effective January 1, 2021!
Angel joined GSE in 2016, bringing with her several years of solid work experience in public accounting which she has been able to successfully apply to the great work she does for all clients that she services. Her promotion to Manager will give her an opportunity to apply her knowledge and skills to some of the larger clients that the Aylmer office services.
“Angel strives to get to know her clients, connect with them, and understand their business, in order to give the highest quality service possible. Although Angel has several large clients in the manufacturing sector, she also services various other areas including not-for-profits, owner managed companies, personal tax returns and some agricultural based clients. Angel very much enjoys learning and is always there to support our other staff when needed. We appreciate Angel’s hard work and dedication, and we welcome her to the Aylmer management group. Congratulations Angel!”
Mike Stover, CPA, CA
We want to congratulate Angel on this exciting new opportunity and wish her the best of luck in her new role as Manager! Congratulations Angel!
As part of our series of exciting announcements, Graham Scott Enns LLP would like to announce the promotion of Derek Biggar, CPA, CA to the role of Manager effective January 1, 2021!
Derek has been with GSE since he was a co-op student in 2014 and has shown tremendous growth over the past 7 years since his start with GSE. The Partners and staff are excited to acknowledge how far Derek has come and welcome him to the Aylmer Management Team!
“Derek’s knowledgeable and reliable nature is greatly appreciated by our clients. He provides professional service to a variety of our clients across various industries, including agriculture, manufacturing, not-for-profit, smaller owner-managed businesses, and personal taxation. Within our Firm, Derek is a valued contributor to our Training & Development and Assurance committees, and is a supportive mentor to junior staff members. Derek is a great addition to our Aylmer management team. Well done Derek!”
Megan Siemens, CPA, CA
We wish to congratulate Derek on this exciting new stage of his career, and we encourage everyone to take this opportunity to celebrate Derek’s accomplishments! Congratulations Derek!