Insights
A Guide to Canadian Incentives for New Businesses
Starting a business is exhilarating, but let’s face it—those first few years can be daunting. Canada has several programs and incentives designed to help startups thrive. Whether you’re looking for ...
Insights
Ontario’s Fall Economic Statement Offers a Promising Financial Outlook Along with Tax Cuts and AMT Rate Decreases
Ontario’s latest Fall Economic Statement showed signs of significant financial growth, mainly due to falling interest rates and higher tax revenues. While residents are still feeling the effects of a ...
Understanding the CRA’s 2024 Trust and Reporting Updates: Implications and Context
Earlier this year, the Canada Revenue Agency (CRA) announced significant changes to trust reporting rules that introduced new filing obligations for many express trusts, including bare trusts. These new requirements ...
Navigating the Evolving Tax Landscape: Key Changes and Challenges for Businesses
This year has seen significant shifts in tax regulations, making it a particularly volatile period for businesses. Three major tax changes have surfaced in recent years: The Canada Revenue Agency ...
Financial Powers of Attorney (POAs) Explained: Securing Your Assets for the Future
Life is full of unexpected events, and sometimes these can severely impact your ability to manage your financial responsibilities – especially if you own a business. This is where a ...
Succession Planning: A Practical Guide for Entrepreneurs and Family Businesses
Succession planning is a critical yet often overlooked aspect of running a successful business, especially for entrepreneurs and family-owned enterprises. The intricacies of transitioning leadership and ownership require thoughtful consideration, ...
From Innovation to Impact: The Essential Role of an Accounting Advisor in Tech Startup Success
Tech startups are synonymous with innovation, agility, and the drive to disrupt industries. However, beneath the surface of every successful tech venture lies a foundation of strong financial management. For ...
Navigating Financial Hurdles in your Trucking Business
The trucking industry is a cornerstone of the Canadian economy, serving as a crucial conduit between producers, retailers, and consumers. Yet, despite its indispensable role, the industry grapples with various ...
A quick guide to success when buying or selling a pharmacy
Whether you’re buying or selling a pharmacy, there are several things to keep in mind. As all pharmaceutical entrepreneurs are aware, making the decision to purchase a pharmacy – or ...
Taking Advantage of SR&ED in the Healthcare Start-Up Space
Health care businesses of all sizes and specialties can benefit from Canada’s Scientific Research and Experimental Development (SR&ED) tax credit program, though many are deterred from applying due to the ...