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
2024 Budget Balances Capital Gains Rate Hike with a Number of Tax Credits and Exemptions
The 2024 Federal Budget, presented by Finance Minister Chrystia Freeland on April 16, introduced $52.9 billion in new spending, which the government plans to offset, in part, by increasing taxes ...
Navigating Inflation’s Impact on Retail: Insights from the Frontlines
In a recent podcast discussion between Allan Rutman, Turnaround Management and Insolvency Advisor / CRO at Zeifmans, and Rebecca Harding from Saltwhistle, the topic of inflation and its effects on ...
Short-Term Rentals: Tax Implications for Airbnb Properties
Rental income has generated a great deal of income over the years and has opened a variety of rental locations across the globe. Rentals can also be a great investment ...
Important Medical Practice Accounting Milestones
Navigating the ins and outs of a medical practice can be complicated and overwhelming. The first step to any healthcare business is finding a trusted financial and legal team that ...
That’s a big move: Relocating your healthcare practice to another province
Unfortunately, moving your medical practice requires as much hoop-jumping as setting it up. When relocating, you have several options to choose from, each with different processes and considerations. Let’s dive ...
The IRS Provides Guidance for Setting Interest Rules on Intercompany Loans
A recent ruling by the Internal Revenue Service (IRS) holds the potential for substantial repercussions for Canadian corporations possessing U.S. subsidiaries. In this blog, our Zeifmans U.S. tax partner, Stanley ...
Navigating Canada’s Latest Trust Reporting Legislation Changes
The government’s new federal trust reporting rules will increase disclosure requirements, affecting a wide range of Canadian trusts. Originally, the federal government introduced significant changes to trust legislation in 2018 ...
How to Avoid and Address Common Pitfalls in the Retail Industry
Retail is akin to war games practiced in the military with traps designed to test your skills and produce failure for the unwary. The challenge is to see them coming ...
Don’t Throw in the Towel Yet: How Startups Can Extend Their Best Before Date and Achieve Profitability
Running out of funds is the single biggest killer of startups, that’s why understanding what to focus on and how to manage cash flow are essential to achieving profitability. To ...