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INSIGHTS, NEWS & EVENTS

Our team is always up to something. Read our latest insights, news and updates here.

Family Trusts

Introducing a family trust as part of a corporate structure may offer huge benefits but its merits should be evaluated on a case-by-case basis.

Selling Your Business is a Process

If selling your business is an option that you wish to explore and possibly move forward with, we highly recommend that you follow a structured process involving preparation and market execution. Further, expect timelines of six to eighteen months to complete the process depending on the nature of your business and ‘sale readiness.’ SB Partners’ … Continued

Hiring a Post Secondary Graduate

There are many government programs out there to help businesses. However, it can be frustrating trying to figure out what is out there, whether you qualify and how to find the documents. One program that may be of interest is the Youth Employment Program through the National Research Council’s Industrial Research Assistance Program. Details are … Continued

Do You Have a Succession Plan for Your CFO/Controller?

Recently, I had the privilege of meeting with a group of financial professionals to discuss CFO/Controller succession planning. The subject was topical given findings from a 2013 study authored by the Financial Executives International Canada, the Canadian Financial Executives Research Foundation and Robert Half that cited only about one-third of SME private businesses had developed … Continued

Small Business Job Credit

Receiving money from CRA and don’t know why? If you are a business owner that has recently received a cheque from the Receiver General, do not be alarmed.

Think Twice Before Inter-Corporate Dividends!

Accountants and the tax community are slowly gaining increased clarity from Canada Revenue Agency (“CRA”) regarding very significant, complex, unfavorable tax changes proposed during the 2015 year which have widespread impact to private corporations that move funds, as dividends, within a corporate group, among other things. Historically, dividends have usually been received by Canadian corporations … Continued

Tax Alert

The federal government introduced changes regarding the GST/HST “Closely related election” which impose a filing deadline of December 31, 2015. This election allows certain closely related corporations and partnerships that are registrants engaged exclusively in commercial activities and that are members of a qualifying group, to not charge GST/HST on taxable supplies made to group … Continued

How Two Entrepreneurs Are Changing the Way People Look at Food

An interview with Kelly Childs, Co-Founder of Kelly’s Bake Shoppe You cannot mistake the inviting pink sign of Kelly’s Bake Shoppe in downtown Burlington. Owned by mother/daughter duo,  Kelly Childs and Erinn Weatherbie, Kelly’s is a haven for scrumptious, vegan, non-dairy, egg-free, nut-free treats. Ranked third on BuzzFeed’s list of The Top 25 Cupcake Shops in … Continued

Update on Verification of Suppliers’ GST/HST Numbers for ITC Claims

Section 169(4) of the Excise Tax Act requires a purchaser to substantiate its input tax credit (ITC) claim by obtaining information from the supplier, including the name of the supplier and the GST/HST registration number assigned to it. This information is typically obtained from the invoice provided by the supplier. Beware: Invalid information such as … Continued

The Pros of Processes and Procedures

Einstein defined insanity as doing the same thing over and over but expecting a different result. In business, repetition of processes with the purpose of achieving the same result is the desired outcome. Standard results are valued as a predictor of success over random results achieved through inconsistent practices. Properly thought out and executed processes … Continued