Thursday, May 17, 2012 by Matthew McGuire Comments (0)
Credit unions in Ontario have received two important notices from their regulators about AML compliance this month. Both are indications of increased scrutiny of anti-money laundering compliance efforts, and follow the trend of FINTRAC’s focus shifting from education to enforcement. View the full blog post
Thursday, January 19, 2012 by Matthew McGuire Comments (0)
Recently the Deposit Insurance Corporation of Ontario released an advisory which outlines the procedures they expect credit unions to follow when providing banking services to Money Services Businesses. We'll summarize the risks and rewards of serving MSBs, the procedures DICO’s suggests, and outline the MSB screening and monitoring services. View the full blog post
Thursday, May 12, 2011 by Kim Drever Comments (0)
Canadian corporations have different tax rates depending on their size, their income, and the type of income earned. In Canada, we have a general theory that it should not matter how the income is earned, it should be subject to the same amount of tax once it has been received by the shareholder, regardless if it was earned in a company or not. View the full blog post
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