SB Partners logo
Close






INSIGHTS, NEWS & EVENTS

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

Capital Gains

What is it? A capital gain is a gain realized on the disposition of capital property for tax purposes. Capital gains benefit from a one-half inclusion rate. For example, for a $100 capital gain, only $50 is included as taxable income. Proposed Changes Because the disparity between dividend tax rates and the lower capital gains tax … Continued

Income Sprinkling

What is it? It is capitalizing on the lower marginal tax rates of family members and diverting corporate income to them. Proposed Changes The Tax reform proposals generally seek to curb using a corporation to split income with family members in a lower tax bracket who do not work in the business.

Leadership Wisdom from Mr. Wonderful

Kevin O’Leary, a.k.a. “Mr. Wonderful”, was the opening keynote speaker at the AICPA (American Institute of CPA’s) ENGAGE 2017 conference in June.  AICPA is world’s largest member association representing the accounting profession, with more than 418,000 members in 143 countries offering conferences, workshops and the latest in knowledge and insights to CPA’s. Since this is … Continued

How to Creditor Proof Your Auto Dealership

Planning and implementation of creditor-proofing strategies can only be undertaken when a business is solvent and operating in the ordinary course of business. Attempts to creditor-proof during insolvency are subject to significant legal challenge through a number of Legislative Acts.

7 Business Financing Considerations

Businesses work hard to increase their operating performance, solidify their working relationships with suppliers and adapt to a changing sales platform involving technology advancements and intense competition. Other than equity retained in the business, the typical categories of financing include working capital financing, equipment and leasehold improvement financing and real estate financing. Lenders often respond … Continued

How Should You Value Your Business?

A common question that we hear from our clients is “how do I value my business?” While there isn’t necessarily a simple answer to this question, there are some basic valuation approaches to consider based on the nature of the business. These approaches fall into one of the following categories: Asset Based Valuation Market-Based Valuation … Continued

SB in the Community

Meet healthypets.io! An online platform connecting veterinarians with pet parents on demand through video chat. From the comfort of home, pet parents can source reliable answers to their pet’s health and wellness concerns. Tech entrepreneur Emma Harris is the Founder and CEO of healthypets. Emma shares with SB Partners why she is leading a #vettech … Continued

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 less sales but the resulting positive effect to gross margin may offset the lower volumes to … Continued

SB Partners 2017 Education Scholarship

We received a call that Joanna Roselli from Assumption High School would be this year’s recipient of the $3,000 SB Partners Education Scholarship.  I was fortunate to attend the graduation ceremony on behalf of the Partners to present the award. Joanna visited the podium several times during the graduation ceremony in recognition of her many … Continued

Proposed Tax Planning Changes for Private Corporations

On July 18th, the Federal Government’s Department of Finance announced significant proposed changes to certain mainstream tax planning. Details have been released in a comprehensive, technical consultation paper focusing on tax practices commonly used involving private corporations. A brief summary of the proposed changes: Income splitting (dividends and salaries) with adult related individuals (i.e. spouses … Continued