Working Capital - A Deal Killer Issue

Over the past several years, DMCT has acted as advisors on many transactions from both the buyer's side and the vendor's side. One issue that frequently becomes a source of conflict is Working Capital. Buyers frequently include a condition in their letter of intent which stipulates that working capital on closing must be maintained at some defined level.

Wage Loss Insurance Plans

Businesses often provide their employees with group insurance coverage that provides wage replacement benefits for loss of income due to sickness, accident, maternity or disability. Generally, wage loss replacement insurance is disability insurance. For tax purposes, your employees may find the following information helpful

Canadian GAAP Makes a Big Step Forward to Harmonize with US and International Standards

Effective for year ends beginning on or after October 1, 2006, the Canadian Institute of Chartered Accountants (CICA has made wholesale changes to certain of their GAAP guidelines for public companies. These new standards are essentially an adoption of equivalent standards currently being practiced in the US and internationally.

Core Knowledge Examination

DMCT, LLP would like to congratulate Abhi Yogendran on her successful completion of the CKE. We wish you the best of luck at Summer School.

DMCT, LLP Is Proud To Announce That We Have Joined Nexia International

Nexia International is a worldwide network of independent auditors, business advisers and consultants. The key to Nexia's success is simple: its global representation with member firms ranking in the top ten in the world's major financial and economic centres. This positioning means that Nexia is able to provide a top quality service to its clients with international needs.