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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 …
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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 …

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 …

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 …
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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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SB in the Community

Jas Brar, Founder and CEO is the visionary behind the ‘Entripy Way’. In 1999, as a student at the University of Toronto, Jas identified a gap in the custom apparel market.
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Childhood Treasures - A Heads Up on Capital Gains

Remember those trading cards that you had so much fun collecting? It might be time to dig those out of storage. A Wayne Gretzky rookie card was recently sold for a record-breaking $475,000. Before you cash out though, make sure you are aware of the …
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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 …
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SB in the Community

It’s been an exciting ride for CEO and Co-Founder of The Other Bird Inc., Erin Dunham. In just under five years, The Other Bird has opened six restaurants in the Burlington and Hamilton area, with no plans of slowing down.
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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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