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What Will Review Engagements Look Like for 2018?

In 2016, CPA Ontario issued the new Canadian Standard on Review Engagements (CSRE 2400). The new standard applies to the review of financial statements for periods ending on or after December 14, 2017. The standard replaces the old guidance which was issued in 2003 and was lacking specificity. Review engagements are increasingly becoming more common … Continued

Think Camp 2017

December 5, 2017 | 11:00 a.m. – 2:00 p.m. | Burlington Golf and Country Club To register, please complete the form below: Why does SB Partners’ host Think Camp? Think Camp supports not-for-profit organizations who enhance the health and well-being of our communities. By offering a series dedicated to innovation, motivation and open discussion, you … Continued

Passive Income in a Corporation

What is it? Passive income effectively refers to income earned on funds or investments that are not active business assets. For example, portfolio investments, stocks, bonds, rental properties, real estate investments. Proposed Changes The government is concerned that investing through a corporation creates an opportunity for much more rapid accumulation of wealth than would be … Continued

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! 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