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Insights, news, and events from SB Partners.

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How to Increase Your Profitability

If you’re looking for ways to increase your profitability, focus your attention on the four profit determining factors: Price How much you charge a customer for a product/service will obviously drive profitability. An increase in price may result in …

Investing in Property?

House or condo purchases made for the purpose of renovating to increase value and imminently sell for large profits is commonplace. Too often, however, there’s no consideration regarding tax implications. Everyone seems to know someone engaged in …

B Corps: Redefining Success in Business

There are over 1,200 Certified B Corporations (B Corps) in 38 countries including 110 in Canada. Most successful business owners understand the importance of looking beyond the spreadsheet. Factors such as environmental performance, corporate social …

2017 Federal Budget Commentary

On March 22, 2017, Finance Minister Bill Morneau delivered the 2017 federal budget (“the Budget”) and, as anticipated, it projects a deficit. Instead of planning to eliminate the deficit as previously proposed, the government says it will maintain a …

Client Portal Tutorials

Learn how to use SB Partners' client portal with these helpful video tutorials. View our video guide below.
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Registered Disability Savings Plan (RDSP)

Registered Disability Savings Plans (RDSP) are offered by the Government of Canada for individuals who are receiving the Disability Tax Credit. These tax credits are available to people with ‘severe or prolonged’ mental or physical impairments that …
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New Reporting Requirements for Principal Residence Claims

Skyrocketing housing prices in the GTA and Vancouver have been all over the news with record-setting sales difficult to ignore.  Over the years, the government has tried a few different strategies to try and calm the market but to no avail. Last …
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Happy Campers

Whilst many of us have been enjoying the bout of good weather with outdoor activities including camping or the use of campground facilities, the same cannot be said for the owners of such facilities. Private campgrounds across Canada have been under …
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Transfer Pricing

Recently, many of our clients have set up (or are contemplating setting up) operations in the United States to take advantage of favourable export exchange rates. American subsidiaries owned by the Canadian parent company are one way to carry out …
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Tax Implications on U.S. Property Purchases

A client (Canadian resident) recently asked whether he was required to complete tax form T1135 for a condo purchased in Florida for CAD$125,000 equivalent. The simple answer – it depends! Form T1135 is used for foreign income verification and is to …
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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.
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Help! I’m Being Audited by CRA

Receiving the ‘T1 Processing Review’ notice may make you feel like you are being audited but in reality, this is a common practice.
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SB in the Community

Jas Brar, Founder and CEO is the visionary behind the ‘Entripy Way’. In 1999, as a student at the University of Toronto, Jas identified a gap in the custom apparel market.
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Childhood Treasures - A Heads Up on Capital Gains

Remember those trading cards that you had so much fun collecting? It might be time to dig those out of storage. A Wayne Gretzky rookie card was recently sold for a record-breaking $475,000. Before you cash out though, make sure you are aware of the …
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Having Your Cottage Owned by a Family Trust Has its Benefits

A tax question I am often asked, especially when thoughts turn to summer activities, whether one's cottage should be owned by a family trust.
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