SB Partners logo


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

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

SME’s Receive 50M Support to Grow Export Markets

On March 18th, Prime Minister Harper announced a total of $50 million over five years to support export market development.

Advisory: “Ransomware” is on the Increase

No matter what your business is, including the business of life, one of your top 3 priorities should be security – and in this specific case, “cyber-security”.

Separating YOU From Your Business

Previously, I wrote a blog about business value drivers and how certain factors can impact the value of a business. Now I’d like to address what is probably the biggest value driver in any small to medium enterprise – you as the business owner.

Five Reasons Auto Dealers Should Have a Personal Financial Plan - Part 3 Account for Risk

Most business owners don’t take into account the level of risk that they have in their own private business.

CRA Release Fourth Quarter Interest Rates

You would expect an accounting firm to encourage the paying of taxes in a timely manner, but really, it just makes good financial sense to avoid paying interest on outstanding monetary obligations. SB Partners can help if you need assistance in planning for your tax payments.