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(February 11, 2008) Tax time can be confusing, so Ernst & Young has updated its guide to personal tax returns.

The Ernst & Young Guide to Preparing 2007 Personal Tax Returns has updates on new rules, including pension income splitting, RESP changes and increased capital gain deduction limits for small business shares.

“This is such a busy time of year,” says Gena Katz, tax executive director at Ernst & Young. “This guide saves you time by collecting the newest updates and comprehensive guidelines in one easy-to-use resource.”

To order a copy of Ernst & Young’s Guide to Preparing 2007 Personal Tax Returns, click here.

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MX posts Q4 results

(February 11, 2008) The Montreal Exchange announced its fourth quarter and year-end results on Monday, with revenues for Q4 virtually matching those of the same period from the year before.

In the fourth quarter MX’s revenues hit $19.6 million, compared to $19.5 million in Q4 2006. Net earnings for the last quarter were $6.3 million, as opposed to $7.5 million two years ago.

Full-year revenues increased 5% to $83 million, reflecting overall growth in trading volumes. Net earnings for the year were up 4%, to $25.7 million.

“This has been a historic year in the corporate development of the Montreal Exchange, starting with the listing of our shares and culminating in our agreement to combine with the TSX Group,” says Luc Bertrand, MX president and CEO. “Furthermore, we have continued to strengthen and expand our derivatives business, including an agreement to increase our ownership position in the Boston Options Exchange (BOX).”

He notes that 2007’s market turmoil had an impact on the financial results, but “while adverse market conditions had an impact on trading in our short-term interest product, we saw strong annual volume growth in longer-term interest rates products, index and equity derivatives.”

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CGA-Canada searches for members who “made a difference”

(February 11, 2008) Forget Canadian Idol — the Certified General Accountants Association has launched a talent search of its own.

CGA-Canada is on a nationwide hunt for 100 CGAs who have “made a difference” in honour of its 100th anniversary.

“There is no better way to celebrate our first 100 years than to honour 100 CGAs who are exemplary citizens, who have given greatly of themselves to their communities and others,” says Anthony Ariganello, CGA-Canada’s president and CEO.

The organization says nominees have to have made a significant positive impact on their community, government, service organization, profession or humanity at large in a minimum of five areas, including “contributing as an agent of change, involving or inspiring others, rising above adversity and providing extraordinary service, commitment or dedication.”

Nominations close on May 16, and the 100 potential winners will be announced in the fall.

(02/11/08)