HSM proudly celebrates 50 years of delivering quality and timely financial solutions for businesses.
Starting from the firm's inception 50 years ago, we have been dedicated to meeting the needs of small- and mid-sized businesses across a vast range of industries that include real estate ownership and developm...
Although the Canadian tax system is a “self-assessing” one, in which taxpayers calculate and report their income to the federal government on an annual basis, the fact is that the returns of many, if not most, individual taxpayers are actually prepared by someone else—perhaps a willing family member or friend, one of the many tax return preparation services or an accountant. It follows, therefore, that most taxpayers will, at least on occasion, find it necessary to deal with the Canada Rev...
Earlier this year, a major Canadian bank undertook a survey to determine just how many Canadians were taking advantage of the opportunity to earn investment income on a tax-free basis through a Tax Free Savings Account (TFSA). The survey results showed that just under half—47% to be exact—of Canadians eligible to do so had a TFSA, showing that the TFSA initiative has clearly been taken up by a significant number of Canadian taxpayers. The corollary, however, is that over half of Canadians ha...
