The Small Business Deduction & You
DID YOU KNOW: Canadian-controlled private corporations (CCPCs) are entitled to claim a small business deduction on any active business income earned in Canada? This deduction is one…
Categories
US Government Shutdown and the Canadian Economy
The U.S. government has officially shut down following weeks of deliberations, which ultimately failed to resolve partisan disagreements on immigration and spending. This is the second shutdown…
Managing Debt With Increasing Interest Rates
After nearly a decade of sustained and almost historic low interest rates, Canadians were surprised (to say the least) when in a moment of weakness the…
Mutual Funds vs. ETFs
First of all, what the heck are “ETFs”? It stands for exchange traded funds — a marketable security that can track an index, a commodity, bonds, or a…
Ask an Accountant – Mortgage Updates
Sorry everyone, but it’s going to get a lot harder for some first-time buyers to get a mortgage now. This is all thanks to the Office…
CRA Audit – Professional Services
The Canada Revenue Agency (CRA) is becoming more aggressive in how they select their audit subjects. What we’ve seen happening with a few of our clients…
Succession Planning
While businesses are changing hands quietly and confidentially via transitions to family members, management buyouts and private company transactions, many are unsure of where to begin…