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You Asked, We Answered!

Accounting Health & Wellness

Why This Creative Accountant Recommends Is it time for me to find a new fitness regime?
Environmental Management
1. I believe in helping people effectively align with Nature. Sometimes, we all can fall into a rut when it comes to fitness. If you’re do-
ing something that keeps you engaged and excited, then stay right where
2. How effectively we manage our relationship with Nature is of interest to
your stakeholders, and the community we live and work in. you are!
3. Small businesses can “punch above our weight”; we can adopt change If you find that you are either getting bored with what you’re doing now
quickly with the right tools and the appropriate mindset. And as the back- or have dropped out of the routine altogether, it may be time to consider
bone of the world’s wealth, the timing of our involvement is critical. your options.
4. The impact of climate change is undermining our business environment and
posing significant threats to your business, your brand and your customers; Find something that piques your interest. Does it fit in your schedule and
you need resilience built into your business strategy and daily operations. budget? Can you see yourself committing to a regular schedule of 3-4 times
5. VeriForm Inc. is an example of a Canadian small business in Cambridge, per week? Will you be getting multiple aspects of fitness benefits from your
Ontario, that reduced its environmental footprint and increased its energy chosen activity (cardio, strength, flexibility, power)?
savings. How? The owner adjusted his focus and simply started continually
and cumulatively improving - today the project list exceeds 100. At Orangetheory Fitness, we cater to all levels of fitness. Local residents
6. What can you do? Eco-mapping is a simple method that helps you discern always get their first class for free, so there is no reason not to give it a shot.
where your risks and opportunities exist. Let me help you get started. Call us today to book your free class.
Call Howard Minett BSc(Agr), CPA, CA, LPA, Orangetheory Fitness Cambridge
Stratford, Ontario (519) 949 2338 350 Hespeler Road, Unit 2 | 226.616.0716
Email: howard@perspectiveinformation.com www.orangetheoryfitness.com
Website: www.PerspectiveInformation.com
Human Resource Lawyer

How can you prevent impairment in the workplace Why are RRSPs and RRIF’s taxed
with cannabis usage on the rise due to its legalization? so heavily on death?
With cannabis being the most consumed drug globally, its legalization in Canada
raises concerns for workplace safety and impairment, especially for jobs that have Unless the beneficiary of your RRSP or RRIF is an eligible per-
the potential to place employees in harm’s way. Employers must be aware of the son (spouse, common-law spouse, disabled child or grand-
October 17th, 2018 legalization of Bill C-45 and its potential effects on their em- child) entitled to rollover the assets into their own RRSP or
ployees and workplace. RRIF; then, all of the income remaining in the RRSP or RRIF at
Minimizing risk of impairment starts with preventative measures. Initiate mea- the time of death is deemed to be received by the deceased
sures to educate your employees on the links between mental health and sub- person immediately before their death. That could mean putting the deceased
stance use to promote employee health and well-being. Train supervisors, HR taxpayer into the highest tax bracket for their year of death and paying more tax
personnel and health & safety committee members on how to look for potential than if the RRSP or RRIF had been completely depleted before death. This tax
cannabis consumption in others, including the smell of cannabis as well as visible twist can defeat the plan of deferring income until the taxpayer is in a lower tax
signs such as out of character behaviour, eye discolouration, poor muscle coordina- bracket, so always saving for a rainy day might not be the best course from a tax-
tion and delayed reaction times & abilities. Ensure that you address cannabis use saving viewpoint. It is also good to note that, if the beneficiaries are not eligible
in your health & safety program with a clear outline of how the use of cannabis in to rollover the income, the tax on the RRSP or RRIF is payable by the estate and
the workplace will be addressed and dealt with. not the beneficiary – except when the estate is otherwise bankrupt (no other
Contact an HRS at 519-821-7440 or email: assets) – in which case, the government has the right to chase the beneficiaries
for the tax.
HR@beyondrewards.ca We are your HR
Department on-call and on-site as you McSevney Ebben LLP | 708 Duke Street, Cambridge ON 519-653-3217
need us to be. www.mcsevneylaw.com

Real Estate Transportation

Building Permits - Yes or No? POWERLINE What is LTL and should our

A home improvement boom is in full swing in Canada & home- LOGISTICS company be using it?
owners are investing more money in renovations than ever be-
fore. Whether it’s a do-it-yourself task or a major professional LTL – Less Than Truckload – is a method of shipping where as a shipper
project, more of today’s homeowners are investing time &
money to make their residences more functional & more com- you only pay for the space you use vs. paying for an entire truckload.
fortable. One of the requirements of your home improvement This is a common method of consolidation used in the transportation
project may be acquiring a building permit. Although considered industry that allows companies that ship smaller goods/shipments that
by many to be an added inconvenience & expense, building per- don’t require the use of an entire trailer. LTL shipments are typically rat-
Gary** & Debbie* mits are actually important safeguards that help ensure you get
Baverstock ed by the skid spot or by cubic foot allowing the shipper to only pay for
519-622-7677(bus), sound workmanship & good value for your money.
888-218-6589 You should check with the local authorities in your township the space they need while other shippers and their shipments fill up the
(toll-free) remainder of the space. It is recommended the freight be skidded for
or municipality prior to beginning work to see if a permit is re-
** Broker of Record quired. Applying for a building permit ensures that your project loading/unloading purposes and to protect the freight. To learn more
* Broker
conforms to local building codes & other regulations. Your proj- about the benefits LTL shipments and for shipping rates, requirements,
website: ect will be inspected by a qualified building inspector to confirm and service areas, please give Powerline Logistics a call and speak to one
GaryBaverstock.
Realtor that the project follows the plans submitted for the permit. The of our qualified Logistic professionals at: 1-866-763-6668
inspector also ensures that appropriate materials & construction
email: Gary@ methods have been used for the safe usage of your project. If
TheBaverstock you’re in doubt, contact your local authorities before you start. 690 Fountain St. N., Cambrdge ON 519-650-1200 | 1-866-763-6668
Team.ca info@powerlinelogistics.com
14 www.cambridgechamber.com
Spring 2019