SAVE THE DATES
March 23, 2010Glazing Specifications Manual ReviewClick here April 13, 2010Vancouver Island Chapter MeetingClick here for registrationMay 4, 2010LEED, Green Buildings and The Glazing Contractor
More to come.
May 20, 2010GCABC/WDMA GolfNorthview Golf CourseClick hereJune 1, 2010Sealants and AdhesivesSeptember 14, 2010Kelowna SessionTopic TBCOctober 5, 2010Topic TBCNovember 24, 2010AGMDecember 7, 2010Topic TBC |
Top Tier
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Platinum
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Gold
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Silver
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New Partnership - Home Insurance |
Click here for some information on their website.
GCABC has negotiated another partnership for their members. This partnership will benefit you and your colleagues/staff/employees.
Just let me know how many cards you want for your employees and they can get another quote on their home insurance.
Remember it never hurts to get another quote! |
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BC Stats
Here is the summary of the stats
from March 5, 2010 Labour income rises 1.4% in the fourth quarter Fourth quarter residential investment up 4.1% Room revenues advance 3.3% in November
For more information click here
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GCABC Recognizes Red Seal Journeypersons
GCABC is pleased
to announce that as of March 1, 2010 we will be presenting an award to all
glazing apprentices who have written and passed their red seal inter provincial
exams. GCABC's Board of Directors
recognizes the hard work and sacrifices required by these journeypersons
to complete their training as glaziers. In light of this dedication GCABC wants to recognize this achievement.
This award will
include a monetary award, a certificate of recognition and an invitation to the
annual awards event.
All
journeypersons throughout BC who have written and passed their red seal exam should complete this form and submit to Zana Gordon at zgordon@gca-bc.org
Please be advised that although GCABC would like to recognize all red seal journeypersons from the past, it is not financially practical. This award can only be presented for journeypersons who have written and passed their exams after March 1, 2010.
To download the submission form - click here |
GCABC Awards
Glazing
Contractors Association of BC Awards
GCABC recognizes
the hard work that each individual member, company, and industry leader plays
in helping our industry and trade grow. GCABC would like to showcase the time, effort and commitment each
of you put into your work, the glazing industry and your communities. The GCABC Board of Directors would like to build on steps we took last year in honouring our founding members by continuing to honour those individuals and companies
that have gone above and beyond.
Award Categories -
GCABC
Member of the Year (Company)
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Project
Excellence Award (Company)
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Outstanding
Individual Award (Individual)
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Community
Contribution Award (Company or Individual)
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GCABC
Volunteer of the Year (Individual)
To download the submission form - click here |
BC HST is only a few months away!
Are you ready!
Implementation Issues
Transitional Rules
- Suppliers must ensure that they collect the correct amount of tax
- Transitional rules may be complicated for some businesses
- Consideration received on or after May 1 is subject to 12% HST if goods/services delivered on or after July 1, 2010.
Systems Issues
Invoicing and billing systems to be updated for tax rate changes Construction contracts updated Point of sale rebates (if applicable) must be implemented
GST / HST return reporting
- HST reported on single BC GST/HST return
- Use existing GST/HST registration number
- Same reporting period
CRA to administer Same audit and collection powers Same provisions for filing frequency, penalties & interest, etc. Input tax credit (ITC) documentation requirements Same statute-barring provisions (usually 4 years)
Businesses will have to update their procedures on
Returns of goods Tax/price adjustments and credit notes Volume rebates and coupons Deposits and partial payments Bad debt adjustments Employee reimbursements and allowances Taxable benefits (T4) - Mid to large businesses will need more sophisticated implementation plans
General ledger accounts Changes implemented for July 1, 2010 Cut off issues for non-June 30th year ends Accounting policies for progress payments / holdbacks
Benefits for your business
- Strategize/re-compute product pricing
- Review absorption costing / job costing systems
- Re-compute fixed/variable costs and overhead rates
- Understand how PST-taxable inputs (cheaper after July 1, 2010) impact
- Cost of sales
- Gross margin
- Operating costs
- Selling price
- Can you increase your market-share with aggressive pricing funded by PST savings?
Identify and contact your largest suppliers
- How will harmonization impact (reduce) their prices to you?
- Make sure suppliers are charging you the correct tax
Get it right Avoid tax charging disputes that may damage customer relations Make sure suppliers are charging tax correctly Watch transition rules for goods/services delivered/performed on or after July 1, 2010, paidor prepaid before that date
Invest in staff training to ensure smooth transition to HST - Accounting, finance, sales, IT
Darren L. Taylor, CA
Senior Manager, Indirect Tax,
Manufacturing & Distribution Group
Grant Thornton LLP
P: 604.443.2106
E: dtaylor@GrantThornton.ca
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Blacklisting Liars, Losers, and Misfits
According to the Globe & Mail, employers and recruiters are assembling a "blacklist" of people considered unfit for hiring. Apparently, if you are a liar, a loser, or a misfit then the chances are good that your name will end up on such a list.
Joann Lublin, in her article, "Blacklisted: One mistake can land you on a do-not-hire list" addresses the "unofficial" practice of listing "undesirable applicants". Unbeknownst to the individual, his or her job prospects are curtailed by the fact of having been labeled as an undesirable.
For more details click here
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