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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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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 …

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 …

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 …

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 …

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 …

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 …

Investing in Property?

House or condo purchases made for the purpose of renovating to increase value and imminently sell for large profits is commonplace. Too often, however, there’s no consideration regarding tax implications. Everyone seems to know someone engaged in …

B Corps: Redefining Success in Business

There are over 1,200 Certified B Corporations (B Corps) in 38 countries including 110 in Canada. Most successful business owners understand the importance of looking beyond the spreadsheet. Factors such as environmental performance, corporate social …

2017 Federal Budget Commentary

On March 22, 2017, Finance Minister Bill Morneau delivered the 2017 federal budget (“the Budget”) and, as anticipated, it projects a deficit. Instead of planning to eliminate the deficit as previously proposed, the government says it will maintain a …

Client Portal Tutorials

Learn how to use SB Partners' client portal with these helpful video tutorials. View our video guide below.
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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 …

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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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