June 2014 - Steve Kirkham CA Professional Corporation

The Bean Counters' Quarterly
Steve Kirkham C.A. Professional Corporation
In this issue
 The Dialogue
 Canada's Anti-Spam
 Ontario 2014 Provinical
 Spotlight On Business
 Recommended Reading:
 Stuff To Know About Our
June 2014
Welcome to the June 2014 issue of The Bean Counters' Quarterly!
Happy Canada Day!! Well, we're coming to the end of our busy season and looking
forward to a great summer ahead. Things certainly do slow down quite a bit, but we
look forward to the opportunity to give extra attention to our clients on any concerns or
issues you may have. Please don't hesitate to contact us.
In this issue we deal with the new Canadian Anti-Spam Legislation, the new-almosthere Ontario Budget, and an interesting read for summer!
We also indulge in a little shameless promotion of Lazy Bear Cabins (a business that
Steve is involved in) and also find out what Steve's answer is to our Dialogue question,
as well as see what the team is up to in the About Us section.
We are on Facebook! You can Like us at: Facebook
We wish you a safe and happy holiday and a very prosperous new year!
Best regards,
Steve Kirkham
The Dialogue Department!
The idea is to open the lines of communication on a topic or
question that may be light and breezy or deep and serious,
in an otherwise busy and hurried world. We'll start on our
end by telling you about our thoughts on a particular topic
or question, and then we'll wait to hear back from you - just
hit the link "Here's What I Have to Say" and send us a quick
Here's our question/topic for this issue:
"How do you balance being inspired to work and move forward in the
summer, along with being off with family and friends?"
Our reply for this quarter is from STEVE KIRKHAM: ""January through June is
tough at the office, but being able to take advantage of the summer months is
what gets me through! After over 20 years, the "routine" is setting in and we
just know that certain months are busy while others are not. The inspiration
comes not just from the prospect of time off, but also from the appreciation
we get from clients after we have helped them through their 'tax woes'. We
really do like helping clients tackle their tax and accounting issues, and a job
well-done is very rewarding to us. That said, at this point, I am very happy to
see July 1st!!
Here's What I Have To Say - (send reply to) [email protected]
Canada's Anti-Spam Legislation
Canada's new Anti-Spam Legislation sows confusion for business
Days before the federal government's sweeping new anti-spam legislation comes into
force, confusion reigns among organizations, charities and businesses that will be
affected by the new rules.
New anti-spam laws that begin to take effect July 1 will "generally prohibit" the sending
of commercial electronic messages without the recipient's consent, including messages
on email and social networks such as Twitter, and text messages sent to a cell phone,
according to the federal government.
The legislation (parts of which don't actually take effect until January 2015) also bans
the installation of computer programs without express consent, such as malware,
spyware and viruses hidden in programs, spam messages or downloaded through
infected links.
As the July 1 date draws near, businesses and organizations of all kinds have ironically - been frantically spamming Canadians with emails asking for their
permission to continue sending messages. But a number of groups, charities and
businesses are still perplexed as to what applies to them and how to comply with the
new law.
"There is a ton of confusion out there," said Kim Cunnington-Taylor, a lawyer with
Ottawa firm Nelligan O'Brien Payne LLP, who has carefully studied the legislation and is
advising clients on it.
"Retail businesses, marketing businesses, those are the ones - large and small - that
are going to really feel this," she added. "There's a lot of people who are going to be
very surprised that this legislation might apply to messages they send."
Under the new rules, the maximum monetary penalty for failing to comply is $1 million
per violation for individuals, and $10 million for companies, although a number of
factors will be considered when determining whether to issue a fine. However,
Cunnington-Taylor doubts the Canadian Radio-television and Telecommunications
Commission (CRTC), which is largely responsible for enforcement, will go after
businesses or charities that make honest mistakes, and will instead help them comply
with the new rules.
CRTC chairman Jean-Pierre Blais, in a speech Thursday in Toronto, confirmed the
commission will focus on the most severe types of violations. "Punishment is not our
goal," he said. "We are not going to go after every indie rock band that's trying to sell
a new release to its fans. We have much bigger fish to fry."
For more information on this article, click the link below. Also visit the CRTC website for
more detailed information on the new law.
Canada's Anti-Spam Legislation
Ontario 2014 Provinical Budget
Ten Things About The Ontario 2014 Budget
From new taxes to boosted child benefit cheques, here are 10 things you need to know
about Finance Minister Charles Sousa's budget that was introduced Thursday at
Queen's Park:
1. It's a $130.4-billion spending plan with a $12.5 billion deficit this year and a vague
promise to balance the books by 2017-18.
2. It includes $900 million in new taxes, including a hike in the tax on cigarettes.
3. There is a 10-year $2.5-billion "jobs and prosperity fund" of handouts and incentives
for businesses to move to Ontario.
4. It boasts a new Ontario Retirement Pension Plan, similar to the Canada Pension
Plan, that will force Ontarians to contribute a portion of their paycheques if they don't
have a plan through their employer.
5. There will be $29 billion over 10 years for transportation infrastructure, including
public transit - $15 billion for the Greater Toronto and Hamilton Area and $14 billion for
the rest of the province.
6. It removes the "debt retirement charge" from hydro bills in 2016 to save the
average ratepayer $70 a year.
7. The Ontario Child Benefit, which helps low-income families, will be increased from
$1,210 a year per child to $1,310.
8. There's $1 billion to build infrastructure to help mine chromite, a key ingredient of
stainless steel, from the massive Ring of Fire mineral deposit in Northern Ontario.
9. $11 billion will be invested in repairing and building elementary and secondary
schools over the next decade.
10. Another $11.4 billion will be spent on new and redeveloped hospitals over the next
10 years.
For a more detailed review of the Budget please see link below:
Ontario Liberal Government
Spotlight On Business
Lazy Bear Cabins
Bob's Lake offers you a great opportunity to be lazy. The good kind of lazy - summertime lazy!
Located in a small, quiet bay, our cabins are a great place to get away from it all.
Bring your sunscreen and enjoy the peace and quiet of the area by setting up in one of
our Muskoka chairs by the water. Or, watch the kids as they splash and play in the
clean waters off our dock or breakwall. Or, bring your boat (or rent one of ours) and
tour the miles of shoreline.
For the fishermen (or women), the lake is loaded with great bass, walleye, pike, perch
and the occasional lake trout.
Full disclosure on our shameless promotion - Steve is involved in this business, so
please feel free to ask him any questions.
Contact by email [email protected] or by phone 416-885-5529 / 416-885-5529
Want to promote your business through our newsletter? Just send us a short bio along
with logo/artwork and we'll put you in a future edition.
Lazy Bear Cabins
Recommended Reading:
Thrive: The Third Metric To Redefining Success And Creating A Life Of Wellbeing, Wisdom, And Wonder by Arianna Huffington
In Thrive, Arianna Huffington makes an impassioned and compelling case for the need
to redefine what it means to be successful in today''s world.
Arianna Huffington''s personal wake-up call came in the form of a broken cheekbone
and a nasty gash over her eye -- the result of a fall brought on by exhaustion and lack
of sleep. As the cofounder and editor-in-chief of the Huffington Post Media Group -one of the fastest growing media companies in the world -- celebrated as one of the
world''s most influential women, and gracing the covers of magazines, she was, by any
traditional measure, extraordinarily successful. Yet as she found herself going from
brain MRI to CAT scan to echocardiogram, to find out if there was any underlying
medical problem beyond exhaustion, she wondered is this really what success feels
As more and more people are coming to realize, there is far more to living a truly
successful life than just earning a bigger salary and capturing a corner office. Our
relentless pursuit of the two traditional metrics of success -- money and power -- has
led to an epidemic of burnout and stress-related illnesses, and an erosion in the quality
of our relationships, family life, and, ironically, our careers. In being connected to the
world 24/7, we''re losing our connection to what truly matters. Our current definition of
success is, as Thrive shows, literally killing us. We need a new way forward.
In a commencement address Arianna gave at Smith College in the spring of 2013, she
likened our drive for money and power to two legs of a three-legged stool. They may
hold us up temporarily, but sooner or later we''re going to topple over. We need a third
leg -- a third metric for defining success -- to truly thrive. That third metric, she writes
in Thrive, includes our well-being, our ability to draw on our intuition and inner
wisdom, our sense of wonder, and our capacity for compassion and giving. As Arianna
points out, our eulogies celebrate our lives very differently from the way society
defines success. They don''t commemorate our long hours in the office, our
promotions, or our sterling PowerPoint presentations as we relentlessly raced to climb
up the career ladder. They are not about our resumes -- they are about cherished
memories, shared adventures, small kindnesses and acts of generosity, lifelong
passions, and the things that made us laugh.
In this deeply personal book, Arianna talks candidly about her own challenges with
managing time and prioritizing the demands of a career and raising two daughters -- of
juggling business deadlines and family crises, a harried dance that led to her collapse
and to her "aha moment." Drawing on the latest groundbreaking research and scientific
findings in the fields of psychology, sports, sleep, and physiology that show the
profound and transformative effects of meditation, mindfulness, unplugging, and
giving, Arianna shows us the way to a revolution in our culture, our thinking, our
workplace, and our lives.
Chapters/Indigo - Thrive
Stuff To Know About Our Team
-Sherry and her husband are sticking close to home this summer, to enjoy their
backyard oasis. Sherry is also going to Marilyn Denis Show on July 3rd with her in-laws
and excited about that! She might also take some day trips to St. Jacobs or even up to
Meaford for a family visit. She's looking forward to a nice, relaxing summer!
-Andre says Apr-Jun was a very busy season for him and his family! In their spare
time on weekends, they've taken to visiting Open houses and shopping at building
supply and appliance stores. They'll be retrofitting their home this summer with major
repairs and painting, so they're doing their homework and getting ideas! Their house is
old and they've been procrastinating the work needed to be done since they moved
in...now is the time!
-Linda says that her family has a baseball theme for this summer. They are hoping to
visit a few fields and take in some games in both the American League and National
-Steve is busy getting the last of the December corporate filings done. Once those are
filed neatly away, he is looking forward to catching up on some of the work that has
been side-tracked. After that he has plans for a fairly quiet, relaxing summer with
some time at the cabins doing a little boating and fishing (and just plain nothing!) The
family is also looking forward to summer. Except maybe Erin who is dong a combo
work/school summer up in Hunstville, but still being able to enjoy some outdoor
activities with her school friends. Justin wrapping up his swimming and exams. He'll be
logging some hours teaching swimming in July and then spending some down time at
the cabins relaxing by the lake. Gavin is finishing up grade 5 and he and his mother
will likely spend some time at the cottage in July and cabins in August. Hope all of you
have a great summer as well!
Quick Links...
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and Our Team
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Bean Counters' Quarterly
email: [email protected]
phone: 647-723-6195
web: http://www.kirkhamca.ca
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Steve Kirkham C.A. Professional Corporation | 2 - 2345 Wyecroft Road | Oakville | Ontario | L6L 6L8 | Canada