Business

Read more about the article Medical Professional Corporations & Tax Benefits
Business / Corporations / Professional Corporations / Tax Planning

Medical Professional Corporations & Tax Benefits

Ontario allows regulated health practitioners to incorporate and reap the benefits of operating through a corporation. This means that Physicians, Dentists, Surgeons, Audiologists, Dental Technicians, Psychologists, Nurses, Midwives, Chiropractors, Physiotherapists and Massage Therapists to incorporate their practices. In addition, other professionals such as veterinarians, social workers, and lawyers are also permitted to incorporate and take advantage of the same tax benefits explained…

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February 7, 2013
Read more about the article Death & The Shareholders Agreement
Business / Corporations / Succession Planning

Death & The Shareholders Agreement

The shareholders agreement is an important part of your business. It addresses many common situation business owners may face when they have partners in the business. Your shareholders agreement is also part of your succession plan and deals with what happens on your death. If you have a shareholders agreement, does it provide enough flexibility for your executor and the…

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February 6, 2013
Read more about the article Why Use an Accountant?
Business / Tax Planning

Why Use an Accountant?

Accountants do more than your bookkeeping and prepare your taxes. In fact, an accountant with a professional designation has expertise in finance, business management, technology, taxation, and business management. Your accountant has a stake in you and your business. We are your advisor and counsel who can be depended on to deliver objective advice. Other ways an accountant can help you includes: Succession…

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February 4, 2013
Read more about the article Tax Tip: Defer Capital Gains
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Business / Real Estate / Tax Tips

Tax Tip: Defer Capital Gains

When you sell certain types of property including shares, real estate, a business or farm for a gain you may be able to defer the tax on the capital gain for up to 5 years and in in certain circumstances, 10 years. The Income Tax Act allows you to defer a portion of your capital gain when you sell property but do…

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January 29, 2013
Read more about the article Due Dates for Corporate Returns & Taxes
Business

Due Dates for Corporate Returns & Taxes

A corporation that is resident in Canada, carried on a business in Canada, has a taxable capital gain, or sold taxable Canadian property is required to file a T2 income tax return even if no tax is payable. Knowing when the return is due, and more importantly when the tax is payable is important to avoid costly interest and penalties. Be aware that…

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August 7, 2012
Read more about the article Tips On Buying a Business
Business

Tips On Buying a Business

Buying an established business can be an attractive alternative to starting out from scratch: The business may have an established client base, the location may be successful, or provide an opportunity for growth. If you are looking to buy a business, be sure to carefully evaluate all aspects of the business before you jump in feet first. Know The Market And Reason For Selling…

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June 25, 2012