Client Information Library

At R&D Tax & Accounting Services, we understand that life gets busy, and sometimes, tax deadlines can slip through the cracks. However, in Canada, missing these deadlines can lead to unwanted conseque...

A silent partner agreement lets a silent partner share the profits or losses of a business without handling the day-to-day tasks of running it.
  1. Advantages of Bringing a Silent Partner Onboard

    2. Avoi...

Partnership business liability is one of the main considerations for entrepreneurs who wish to start a partnership.
  1. Liability in a General Partnership
  2. 2. Liability in a Limited Partnership
  3. 3. Diffe...

If you want to be a silent partner in a business, you only need to invest money in the business, while staying uninvolved in management activities.3 min read

How to become a silent partner in a busines...

The difference between a general partner vs. limited partner is that a general partner is the partnership owner, and a limited partner is a silent partner.

The difference between a general partner vs. ...

The disadvantages of partnership include the fact that each owner or member is exposed to unlimited liability for their activities within the business.

Disadvantages of Partnership

The disadvantages of ...

Business partner vs. investor — what's the difference? In most cases, investors and partners play two very different and distinct roles within an organization.
  1. How Is a Silent Partner Different From ...

The COVID-19 pandemic has caused unprecedented changes to global working conditions. Due to the rapid spread of the new virus across the world and a lack of hospital beds, testing equipment, and appro...

New challenges were being faced by accounting firms due to unforeseen conditions that had an impact not only on our economy, but also on our way of life.

Details you will need to know if you intend to start a small business.

T2201 Form Information

Designed to offset the extra living costs related to having a disability, the Disability Tax Credit (DTC) is a non-refundable credit used to reduce your taxes owed.

Click to Read ...

A related business includes any business, where another individual related to the recipient of income does any of the following:
  • personally carries on the business
    • this means income from a sole p...

At one time or another, most businesses need to approach lenders for financing. And all lenders have certain expectations. The closer you meet those expectations, the better your chances for success.

B...

The preparation of the final income tax return(s) for a deceased taxpayer and related trust tax returns for an estate are very specialized services that we have prepared for over 20 years for our clie...

Dividend, Bonuses, Salaries, Shareholder Loan Repayments, Tax Free Capital Dividend Account Dividends or Other Compensation Methods?

These are just some of the options to consider to put income into th...

If you have ever sold a house, you know how involved the transaction can be before either party signs on the dotted line. As the vendor, your ultimate goal is attracting the highest price – while mini...

Every company that wants to increase sales has two ways to go about it: Find new customers or sell more to existing customers.

Of course, finding new customers is important but it can be very expensive...

Most business decisions have tax consequences. One of the biggest mistakes a business owner can make is to not consider the tax impact of a decision before it is made.

The financial impact of “not thin...

Most business owners focus on just one way to grow their businesses – winning more customers or clients. You’ve heard it and probably thought it yourself – “quick, business is slow we’ve got to get mo...

Acquiring a franchise is a major commitment in terms of your financial resources, time and emotional energy. Choosing correctly can bring you financial reward in the future.

Since you may be investing ...

“Caveat Emptor” - Let the buyer beware.

The above phrase is often heard when buying second hand goods. It applies equally to buying an existing business.

It’s an exciting time and it means that you, as ...

Conditions in the insurance market present Chartered Accountants a great opportunity to enhance their business insurance coverage as well as to educate their small business clients on key policy renew...

Given the current state of the economy, you must have guessed that fraud is on the up tick. With employee layoffs on the rise, your company is more vulnerable to internal payment fraud because employe...

Cash is King! That is what everyone tells us and it is true! You cannot function successfully in any business without proper cash flow. So if this cash principle is so well known, then why is it that ...

Whether your company is dealing with a loss of market share or explosive growth, it’s always important to be ready with sound strategies to ride the waves. We spoke to various business entrepreneurs a...

You may be considering help from a financial planner for a number of reasons, whether it is deciding to buy a new home, planning for retirement or your children’s education, or simply not having the t...

Business entrepreneurs are one of the most powerful forces in Canada’s economy. When it comes to stimulating economic growth and building a brighter future, they lead the way.

They have great ideas and...

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80 Oak Street
Simcoe, ON
N3Y 3J8

Phone 519-429-3800

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