Topic: Blog

Business valuation

How Business Valuations Help You Maximize Profit When Selling Your Business

Posted on 2017 Aug 07 by

Whether you’re looking to sell your business or you’re considering an unsolicited offer, one of your first steps should be to obtain a professional business valuation. A business valuation provides a snapshot of the value of your business, which can give you a sense of the amount you can expect to receive, or help you…

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Tax Alert: Update to Proposed Tax Planning Changes

Tax Alert: Proposed Changes to Tax Planning Strategies for Private Corporations

Posted on 2017 Jul 19 by

On July 18, 2017, the federal government released draft legislation and a consultation paper that targets a number of the standard tax planning strategies that private corporations and their shareholders have implemented for many years. Specifically, the proposed changes would impact the ability to income split, multiply the family capital gains exemptions, invest in passive…

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business advisor

Benefits of Succession Planning: Formalized Corporate Governance

Posted on 2017 Jul 03 by

The benefits of succession planning are most commonly associated with a transfer of leadership or ownership – i.e. finding and grooming a successor to ensure a smooth, future transition of leadership with minimal impact on the business. The benefits of succession planning can also be immediate in nature. An effective succession plan can improve the…

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litigation support

Litigation Support and Business Valuations in High Net Worth Matrimonial Disputes

Posted on 2017 Jun 27 by

Ever hear of a quick, fair, and even-handed divorce? Me neither! Divorces by their very nature tend to be emotionally charged and contentious. The conflicts that ended the marriage quite often continue to simmer, resulting in a lengthy battle over what constitutes a fair settlement. If you own a business, the value of your company…

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Medical Tax Credit

Federal Budget 2017 – Medical Tax Credit Changes

Posted on 2017 Mar 23 by

The March 22, 2017 Federal Budget announced a number of proposed changes to medical tax credits. Here is an overview of some proposed changes that may be relevant to you: Medical Expense Tax Credit – Eligible The medical expense tax credit is a 15-per-cent non-refundable tax credit that can be claimed by an individual above…

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International Tax Evasion

Federal Budget 2017 – International Tax Measures

Posted on 2017 Mar 23 by

The 2017 Federal Budget announced the government’s continuing goal to address base erosion and profit sharing (BEPS) and international tax evasion that was first dealt with in the 2016 Federal Budget. Canada has worked with the Group of 20 (G20) and the Organisation for Economic Cooperation and Development (OECD) to develop recommendations under the BEPS…

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Work in Progress

Federal Budget 2017 – Professionals and Work in Progress

Posted on 2017 Mar 23 by

The Federal Budget tabled on March 22, 2017 proposed the elimination of a tax deduction related to professionals and work in progress. Work in Progress Revenue for Certain Professionals Generally speaking, unbilled work in progress (WIP) must be included in computing income for tax purposes. However, certain designated professionals (i.e. lawyers, dentists, medical doctors, chiropractors, veterinarians, and…

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