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Federal or Provincial Incorporation?

Mustafa Dossajee on December 20, 2017 in Advice for Business Owners

Incorporation is an important part of business and given the numerous financial considerations faced by owners, it’s not uncommon to choose the least expensive option. Short-term savings however may not yield long-term advantages. In Canada, owners may choose to incorporate federally or in one of the 13 provinces/territories. Taking the long view as to where … Continued

5 Reasons Auto Dealers Should Have a Personal Financial Plan - Part 1 Secure Your Future

Gregory Clarke on October 8, 2014 in Advice for Business Owners

Most auto dealers would agree that personal financial planning is important but too often multiple priorities and the daily pressures of the business distract from developing a comprehensive strategy. Over the next five weeks, read through why financial planning is important and then see if you are ready to get started. Secure Your Future As … Continued

Filing Deadline

Richard Weber on June 16, 2014 in Advice for Business Owners

  CRA Alert If you or your spouse or common-law partner is self-employed, the deadline to file your 2013 income tax and benefit return is midnight on June 16, 2014. If you have any questions please contact Richard Rizzo, Tax Principal at (905) 633-6332 or Kelly Ross, Tax Manager at (905) 633-6335.

Drive the Value of Your Business

Trevor Hood on February 21, 2014 in Advice for Business Owners

Given the current economic climate, where we are seeing increased M&A activity within our client base, it is important for business owners to start to think about and focus on activities that they can undertake to enhance the value of their business.

Reducing Costs in the Finance Department Through Technology

Gregory Clarke on July 17, 2013 in Advice for Business Owners

I recently read an interesting report by Erik Dorr and Martijn Geerling about Taking Finance Transformation to the Next Level, and thought I would share some of their insights. All companies strive to be cost-effective in their operations. Most focus on centralized processing to minimize costs in these operations including many finance functions such as … Continued

Legitimate Business Expenses to Deduct on Your Income Taxes

Richard Weber on February 6, 2013 in Advice for Business Owners

Before you start preparing for your 2012 income tax return, it is wise to familiarize yourself with all the business expenses you may legitimately deduct from your income taxes. Income tax mistakes can be costly – hence the need to prepare ahead of time. We are here to advise, shoulder the workload, and to cut … Continued

Year-End Tax Strategies for Small Businesses

Richard Weber on December 26, 2012 in Advice for Business Owners

With year-end fast approaching, now is the time to review your business taxes in order to minimize your income tax. Here are some tax-saving strategies for you to consider implementing prior to New Year: 1. Defer or delay income If you receive any income in January 2013 rather than in December, it will reduce your … Continued

Some Facts and Figures on Canada’s Small Businesses

John Chisholm on November 16, 2011 in Economic Outlook

Small businesses are often called Canada’s economic engine. Still, there are many aspects of small business that actually break down how they specifically contribute to the economy. For example, how much does small business contribute to the country’s gross domestic product? How many small businesses are there and how many people do they employ across … Continued