It is fairly common knowledge that businesses are required to keep their accounting records for seven years. However, many people are not aware that they should be keeping certain records, like their general ledgers, forever in some cases. Take for instance, the family farm which has been operated for thirty... Read More
Individuals who left the work force, or had low earnings because they were caring for a child under the age of seven may be able to qualify for benefits or increase their Canada Pension Plan Benefits. To qualify the individual must have either not worked or had low earnings while... Read More
We all have problems we face, whether personally or in business. Sometimes we're forced to ask ourselves the question of whether or not our problem means enough to us that we should do something about it. Oftentimes, we don't do anything because we don't know where to start or what... Read More
RST (Retail Sales Tax) and PST (Provincial Sales Tax) are the same thing. Businesses with taxable sales and services are required to register with the Manitoba Taxation Division and collect and remit RST. Generally, RST is applicable on all goods or services unless there is an exemption. One notable exemption... Read More
As a new business, one of the questions facing a business owner is whether you should incorporate at the provincial or federal level. There are of course benefits to either option and it is up to the individual owner to determine which fits their corporation best. Incorporating federally has some... Read More
If your children are travelling abroad alone, with only one parent/guardian, with friends or relatives or with a group you may wish to prepare a travel consent. While there is nothing that can guarantee you will not have problems with crossing borders into another country a properly prepared and notarized travel... Read More
As lawyers we try to find and minimize potential risks for our clients. A common risk relates to unanticipated impacts on estates where people die without a will. Situations involving blended families and second marriages are particularly ripe for disputes and unintended consequences. A decision from the Alberta Court of... Read More
With our rising education costs, Registered Education Savings Plans (“RESP’s”) are becoming a popular way to save for a child or grandchild’s education. What happens however when the RESP subscriber, being the person who set up the RESP, dies? Many think that RESP’s are treated the same as RRSP’s, but... Read More
Selecting the appropriate business name is sometimes the most difficult task faced by the prospective entrepreneur. Your name will be your identity and the way others see you. The registration of a business name is on the public record at the Companies Office of Manitoba and a search of any... Read More
Elsewhere, this website has featured articles on Wills and Powers of Attorney. A Will is a written document which sets out the method of distribution of the assets of the deceased. A Power of Attorney is a written document wherein the individual, called the donor, appoints an attorney or attorneys... Read More