A common L/C scam: a fraudulent seller sends fake shipping documents to the opening or advising bank to prove that the goods were shipped. In fact, the goods never left the sellers warehouse or, more likely, never existed at all. Other documents like the invoice, packing list, export declaration, even Certificate of Origin can be easily produced by the scammer. In many L/Cs the only documents needed for the L/C to be paid are the invoice and shipping documents. If the [...]

Canada Revenue Agency (CRA) administers the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program in which Canadian-controlled private corporation are encouraged to conduct their Research and Development in Canada.
In exchange for this, the CRA is giving an investment tax credit of 35% to the first $2 million of qualified expenditures; and 20% on the excess amount. In dollar terms, this can be a few thousand dollars or even millions. The program is very attractive especially to start-up companies because [...]

Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist them in identifying their financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with those goals.
Comprehensive financial planning should involve these areas and these specific questions.
ESTATE PLANNING
How can you accumulate a sizable estate to pass on as a family legacy?
How will your hard-earned assets be distributed after your death?
How can you minimize federal estate [...]

The term Mobile Banking sounds like it means being able to bank while on the go – and in a sense that’s just what it does mean. You see the way we handle our money has changed dramatically in the last 50 years. It used to be that we kept our money in our wallets and took it with us everywhere we went so we could buy our groceries, clothes, sundries, etc. In the last couple decades we started carrying plastic with [...]

The 8 Biggest Mistakes When Designing Portfolios – and How To Avoid Them
Are you as good an investor as you think? Do you consider yourself a well-informed investor able to anticipate and avoid nearly all pitfalls associated with investing? Chances are, you are making one of the common errors that could cost you hundreds or even thousands of dollars, or worse yet, your financial independence, control and security.
“I see people making the same costly mistakes over and over,” says Scott [...]