Client Library

library 

Client Library

When it comes to information about taxation and your business, it's hard to keep up! We have created our library of topics to help you easily access information on dealing with your business. When it comes to growth or selling your business, or dealing with the CRA, look here first and let us help you make the best decision. 

If you have questions about any topic here, please contact us. We are here to help.

Owner-Manager Remuneration

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

Business Insurance: What To Do Before You Renew Your Insurance Policy

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 renewal strategies.

Sold! Getting the Best After-Tax Price for Your Business

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 minimizing your tax bill.

Are Your Internal Controls Good Enough?

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 employees know where the weaknesses are in your organization’s processes.

Strategies for Sales Growth

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

7 Tips to Improve Your Cash Flow

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 so many businesses struggle?

Taking Care of Business – Mistakes To Avoid In Running Your Business

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.

Business Smarts – 8 Time-Tested Strategies

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 and consultants who share their tips with us on various innovative strategies.

Related Business

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 proprietorship to a related person can be subject to TOSI
  • is actively engaged in the business carried on by a partnership, corporation or trust
  • owns shares of the corporation carrying on the business
  • owns a property, the value of which is derived from shares of the corporation having a fair market value not less than 10% of the fair market value of all of the shares of the corporation
  • or is a member of a partnership which carries on the business.

The definition is broadly drafted to capture income derived directly or indirectly from the business.

Grow Your Business

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 more leads,” “if I could just win 10 new customers we’d have it covered!”, or “I have to do more advertising.”

10 Tips for Choosing a Financial Planner

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 time or expertise to get your finances in order.

Successful Borrowing

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.

Franchises

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.

10 Steps to a Successful Business Plan

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.

Tax Returns for Deceased Taxpayers

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 clients.

Buying a Business

“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.