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

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Getting Married? Important Tips From CRA

If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible. Here are some tips to help you get through the process.

Questions Answered About: Tax-Free Savings Accounts (TFSA)

In 2009, the Federal Government introduced the Tax-Free Savings Account (TFSA), describing it as “the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP).”

What Happens When Your Business Accepts an Investor?

What happens to your business when you accept an investor is dependent on the type of investment and the investor. Investments can take different forms:

Death Benefits

Considering the many tax implications of estate planning Estate planning should not rest solely on the dollars but take into account family dynamics, as well as meeting the overall testamentary intentions of the individual who has passed on. When …

New Tax Credit Benefits Farmers

Tax credits are one way the government supports businesses and farmers are no exception. On September 29, 2014 the Ministry of Agriculture, Food and Rural Affairs announced a new incentive called the Food Donation Tax Credit for Farmers. The …

Embracing Community Involvement

The team at SB Partners is privileged to share the spirt of community with our clients. Like so many of you, we too embrace the opportunities to get involved and make a difference.

The Pros of Processes and Procedures

Einstein defined insanity as doing the same thing over and over but expecting a different result. In business, repetition of processes with the purpose of achieving the same result is the desired outcome. Standard results are valued as a predictor …

Beware of Fraudsters Representing Themselves as the Canada Revenue Agency (CRA)

It is that time of year again when phone calls and emails that appear to come from CRA are common. They can look and sound convincing.

Think Twice Before Inter-Corporate Dividends!

Accountants and the tax community are slowly gaining increased clarity from Canada Revenue Agency (“CRA”) regarding very significant, complex, unfavorable tax changes proposed during the 2015 year which have widespread impact to private corporations …

First-Time Home Buyer Tax Credit (HBTC)

Are you a first-time home buyer? Did you know you can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2015?

Hiring a Post Secondary Graduate

There are many government programs out there to help businesses. However, it can be frustrating trying to figure out what is out there, whether you qualify and how to find the documents. One program that may be of interest is the Youth Employment …

Selling Your Business is a Process

If selling your business is an option that you wish to explore and possibly move forward with, we highly recommend that you follow a structured process involving preparation and market execution. Further, expect timelines of six to eighteen months …

Registered Disability Savings Plan (RDSP)

Registered Disability Savings Plans (RDSP) are offered by the Government of Canada for individuals who are receiving the Disability Tax Credit. These tax credits are available to people with ‘severe or prolonged’ mental or physical impairments that …

Burlington150 Award

SB Partners is proud to announce that John Chisholm, Partner and CEO, is a recipient of the Burlington150 Award.

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.

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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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