Every year we have the opportunity to welcome new team members to the KRP LLP family. And every year we’re reminded of the wealth of talent across Canada’s accounting industry—not to mention the passion and commitment to service excellence that these young professionals bring to our firm and our sector. Their dedication is truly inspiring. […]
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 […]
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 […]
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 […]
The federal government continues to enact measures to address the economic disruption caused by the COVID-19 crisis, this time announcing yet another extension of tax payment due dates for 2019 tax returns. Individuals, corporations and trusts will now have until September 30th, 2020, to pay outstanding current-year tax balances. The previous payment deadline was September […]
UPDATE: On the heels of the federal government’s announcement this week of penalty deferrals for late T1 filings—which came in addition to a previous extension of the 2019 tax filing deadline to June 1, 2020, all to help Canadians impacted by COVID-19—Ottawa is also granting filing deadline extensions for certain corporations and trusts. Corporations that […]
The federal government has provided a series of updates and clarifications regarding deduction considerations and qualification eligibility for the Canada Emergency Wage Subsidy, a program designed to encourage employers to retain workers or re-hire those that have been laid off due to COVID-19. The updates are available on the program’s FAQ page and are in […]
Hidden business costs can compromise the financial success of any mid-sized company. Manufacturing inefficiencies, retail shrinkage, service delivery cost over-runs, expensive overhead such as posh office spaces or first-class flights for business executives. They all add up and pull down profits. But few costs have as great an impact on an organization’s long-term success as […]
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 […]
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 […]
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