Articles: Tax Planning

Last updated: Aug. 8, 2018 Succession planning is all about finding the right strategy for selling your business or passing it onto someone else—whether it’s a family member, friend, entrepreneur, or employee. A good succession plan: Ensures the transfer of your business goes off without a hitch Protects the businesses reputation Builds value; provides financial security … Read more

Last updated: Jul. 25, 2018 Estate planning is all about preparing for the inevitable. Your estate is made up of everything you own, which includes your car, home, bank accounts, investments, life insurance and personal possessions (you might have someone in mind to inherit art or furniture). And unfortunately, it doesn’t matter if you have a … Read more

Last updated: Jun. 27, 2018 Small business owners know that to be successful, they need to closely manage their growing business. Unfortunately, as small businesses become more successful, many owners find they are saddled with additional tasks and can feel more removed from its operations. Key performance indicators are a great way for small business owners … Read more

Last updated: Jun. 13, 2018 If you’re a small business owner in Canada, there are a large number of tax deductions you can claim against your small business spending. This helps minimize your tax burden and maximize your business income. Take Advantages of Tax Deductions This is the most obvious option. Tax deductions help reduce your … Read more

Last updated: May. 30, 2018  The Canadian Income Tax Act turned 100 last year and Canadians can be excused if they didn’t celebrate. Since its introduction in Canada in 1917, it has become a much more complex document and has grown to more than 2,000 pages in length. In 2017, the government signaled its intention … Read more

Last updated: Apr. 25, 2018 Farming is a very unique business that comes with a large number of tax laws that relate only to farmers. There are a lot of tax management strategies for farmers to take advantage of; overlooking one could easily cost you tens of thousands of dollars. Below are some Canadian farm tax … Read more

Last updated: Jan. 17, 2018 Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for … Read more

Last updated: Dec. 13, 2017 There are over 86,000 registered charities in Canada so there are many opportunities for you to give back and benefit from tax relief at the same time. The donation of life insurance policies and annuities to registered charities is a great way to benefit a favourite charity and for the donor … Read more

Last updated: Nov. 8, 2017 What a Tax Professional Can Do for Your Family Business Family businesses, big or small, are the backbone of the Canadian economy. In fact, approximately 80% of all businesses in Canada are family-owned. On top of that, family-owned businesses are responsible for the majority of the country’s gross domestic product (GDP). … Read more