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FDFA Important Updates
New Tax Format Update for upcoming Membership Dues:
Each member will be taxed according to their company locations. Specifically, those members who reside in provinces where the HST is applicable will be charged HST. Those members who reside in provinces without HST, will only be charged GST. Of course, international and US companies will not be charged Canadian special taxes.
FDFA Audit Update
Additionally, the FDFA audit, which is normally conducted in December, is now being completed in February 2011. The reason for the audit being conducted in February vs. December is a result of our new auditors that were appointed and approved at the recent 25th Anniversary Convention in November 2010. Essentially, we previously conducted the audit in December to accommodate our previous auditor's schedule, and the new auditing company prefers a February timeline. Once again, the new auditors are Watson Folkins Corey LLP of Ottawa, ON.
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