Accounting Blog for Businesses in Burlington, Oakville & Hamilton | SB Partners

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Tariffs and Business Valuation - What's the Impact?

What is the impact of the potential U.S. tariffs from a business valuation standpoint? The primary considerations and impact are as follows: Valuation Date – as noted in previous articles relating to COVID-19 and Cryptocurrency, the valuation date …

2024 Capital Gain Changes - Where are We Now?

In May 2024, we wrote an article detailing the changes that came out of the 2024 Federal Budget with respect to the taxation of capital gains and the corresponding impact on family law. While it was widely expected that those changes would be …

Understanding Our Business Succession Planning Process

Succession Planning: What can I expect? Our Business Succession Planning Process Succession planning is a complex and multidisciplinary process. We work closely with you to develop a clear strategy and action plan that recognizes your unique …

Succession Planning for Privately vs Family Owned Businesses

Succession Planning For Privately Owned Businesses Planning for the future starts with the present. Without a family heir(s) to inherit the business, business owners must consider who will be a good fit to acquire the business, or even if the …

Sleepless for Our Community

On February 21st, 2025 SB Partners team members, Trevor Hood, Eric LaCourt, and Deandra Pekrul will be participating in United Way Halton & Hamilton’s Sleepless For Our Community event by spending the night in their cars. It’s uncomfortable, …

What’s New This Tax Season?

Personal Tax Updates Every year there are new rules and regulations around what credits and deductions you can claim on your income tax filing, and what you need to do to claim it. Brent Sousa, Senior Manager of Assurance & Advisory at SB Partners …

CRA Moves Businesses to Online Mail

Starting in spring 2025, the Canada Revenue Agency (CRA) will switch to delivering most business correspondence through its online portal, My Business Account, instead of by paper mail. This change will apply to all businesses that are registered …

What is the New Quickbooks Online-FINTRAC Requirement?

As a result of the new FINTRAC regulatory requirements, Intuit is updating certain elements within QuickBooks to ensure products are compliant. To meet FINTRAC guidelines and maintain regulatory compliance, QuickBooks now requires this information …

Capital Gains Increase Deferred

On Friday, January 31st, 2025, the Canadian government announced that taxpayers will not need to include the proposed increase in the capital gains inclusion rate in their 2024 tax filings.

SB Partners Appoints New Partner

With an ability to lead by example and take complex concepts and make them easy to understand, Michael Ervin embodies what it takes to join the Partner Team at SB Partners.

Does HST Differ for Short-Term and Long-Term Rental Properties?

Like everything to do with taxes, there is no blanket rule for how HST is applied to residential rental properties.

Changes to GST/HST Reporting for Dentists

The Canada Revenue Agency’s (CRA) decision to revoke the administrative arrangement with the Canadian Dental Association marks a significant change for GST/HST registered dental practitioners.

Changes to Reporting for Digital Platform Owners and Sellers

Reporting changes for digital platform owners and sellers changed in 2024, are you aware of how the requirements affect you?

Things to Consider When Using your Property as a Short-Term Rental

With the cost of living rising, more and more people are looking for ways to bring in extra revenue to improve their financial situation.

Understanding Income Valuations and Capitalized Cash Flow

When you think about how much something is worth—like a car, an investment in a rental property, or even a business—there are different ways to figure that out.

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Get in touch with us

Do you have a question for SB Partners? Need help to understand your business financials or value? We’re here to help with all of your accounting needs, please get in touch today.

Email us at help@sbpartners.ca or give us a call at 905-632-5978 or toll-free at 1-866-823-9990.

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