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

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SB Partner and President elected as Regional Director of the Chartered Business Valuators Institute

Chartered Business Valuators Institute elects Burlington’s Trevor Hood, CPA, CA, CBV, CFF as Ontario Director

SB Partners Celebrates 50 Years

For the past 50 years, there has been a growing group of accountants in Burlington, Ontario, dedicated to helping others. In 1974, what began as a small group of associates known as Scott, Batenchuk & Co. has grown into SB Partners, a regional firm …

The 2024 Federal Budget & Capital Gains - Impact to Family Law

By now, most people reading this article are aware that on April 16, 2024 Justin Trudeau’s federal government made some pretty significant changes to the taxation of capital gains.

Income for Support – To Average or Not to Average? – This is the Question.

What is Income For Support? Income for support becomes more challenging when an individual is self-employed, as by virtue of owning their own business they will have certain tax planning opportunities that enable them to reduce their taxable income …

SB Partners is honoured with the prestigious Game Changer Award!

At the United Way’s Evening of Celebration for the 2023/24 Campaign, SB Partners was honoured with the prestigious Game Changer Award! A huge thank you to the entire community for rallying together over the past year and helping raise an incredible …

2024: Federal Budget Commentary

On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 – Fairness for Every Generation, to the House of Commons. The budget sees almost $53B in additional spending over the next 5 …

Thank You, Burlington!

SB Partners has been selected as the Platinum Winner in the “Best Accounting Firm” category for the Burlington Post Readers Choice Awards 2024. The Readers Choice Awards is an opportunity for the public to vote for their favorite businesses in the …

SB Partners is a Great Place to Work – Burlington’s Award-Winning Accounting Firm Receives Certification

Burlington, Ontario – SB Partners, a leading Chartered Professional Accounting firm in the Greater Toronto Area (GTA), is proud to announce it has retained its certification as a Great Place to Work™, for the second year running. The firm has …

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 …

Unraveling the Mystery around General Ledgers

From a family law standpoint, the general ledgers of a business are one of the more critical pieces of disclosure that are typically required for the preparation of business valuation and income for support reports.

Sleepless In Our Cities

In a year where more than 143,562 individuals and families will rely on United Way Programs, our commitment to supporting our community remains firm. On February 23rd, 2024, as part of the Sleepless in our Cities fundraiser, 3 of our colleagues …

Changes to Reporting
Requirements for Trusts
Updated March 28th, 2024

UPDATE ON BARE TRUST REPORTING FOR 2023 TAX YEAR: On March 28th, 2024, the CRA announced that Bare Trusts would no longer need to file T3 returns for the 2023 tax year unless a direct request is made. We will update this article when further …

Understanding the Difference:
Audit vs. Review in Accounting

There are three main reasons businesses rely on various financial statements: To allow investors, creditors, and analysts to evaluate the performance of a company. To have the ability to compare companies to each other. To use the financial …

Financial Disclosure:
A CBV’s Perspective

Obtaining adequate disclosure in a family law matter has become increasingly difficult over the last couple of years. Whether it’s a lack of cooperation from the business-owning spouse (who is on the opposite side of the file) or clients not wanting …

Cryptocurrency

Cryptocurrency is a digital form of currency that uses cryptography for security purposes. It is decentralized and generally operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of …

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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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