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Succession in Family Businesses

As a family business prepares for succession, it is critical to factor family dynamics into the equation. Most businesses have clear financial disciplines, production processes, sales and marketing practices, and so on. Meanwhile family dynamics are …

Welcome Raffaele Ruberto

We are pleased to announce that Raffaele Ruberto CPA, CGA has joined SB Partners as Tax Principal. With over ten years of experience at both multi-national and regional professional service firms, Raffaele looks forward to helping business owners …

Sell or Keep it in the Family?

Sell or keep it?  That’s a key decision of business owners and largely dependent on whether there are  family members who have demonstrated interest and /or been groomed to take over. If you are looking to transition your business to family, a …

Business Valuation – Know the Value to Get the Price

Every business owner will exit their business either voluntarily through a planned departure (i.e. the passing of the proverbial torch to the next generation, or via a sale to a third party) or involuntarily through death or disability. Taking the …

Living Our Why

Why is SB Partners in business? To care for and strengthen the fabric of our community. We care for and strengthen our clients/business community, the community we work and live in and the community within SB Partners. For the Community we work and …

Honouring our Friend and Colleague

It is with sadness that we share that our former colleague and friend, Arch Lawrence passed away on Saturday, February 24th. Arch was a valued Associate Partner when SB was called Scott, Batenchuk & Company and retired in April 1997. If you did not …

2018 Federal Budget Commentary

The federal Liberal government introduced their third budget yesterday.  Budget 2018 concentrated more on spending and a political agenda rather than tax changes.  We have outlined the key measures in the budget that will affect our clients. Passive …
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Burlington150 Award

SB Partners is proud to announce that John Chisholm, Partner and CEO, is a recipient of the Burlington150 Award. As part of Canada’s 2017 sesquicentennial celebrations, Burlington MPP Eleanor McMahon created Burlington150. The award recognizes 50 …

Charity Guidelines Checklist

Specifically, I wanted to highlight the checklists that cover a variety of aspects of charity operations. I have reproduced the basic guidelines checklist below. It is a good reminder of the administrative requirements to insure your Charity status …

Federal or Provincial Incorporation?

Incorporation is an important part of business and given the numerous financial considerations faced by owners, it’s not uncommon to choose the least expensive option. Short-term savings however may not yield long-term advantages. In Canada, owners …

Overview of New Draft Legislation to Address Income Sprinkling

On December 13, the government unveiled the final version of the new legislation regarding Tax on Split Income (TOSI) rules effective January 1, 2018. Overall, the legislation proposals extend the tax on split income (“TOSI”) to individuals aged 18 …
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CRA Audit Techniques

With the increase in the number of tax payers filing electronically, CRA now has incredible data analytic capabilities.  Anomalies in relationships between financial numbers will often trigger an audit or, at the very least, an information request. …

When CRA Comes Knocking

Part One of a Two-Part Series on the CRA CRA has definitely been more active lately. We see increases in the number of audits as well as the number of pre and post-assessment information requests. As there is an increased likelihood that you will …
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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 …
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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 …
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