Category: Professional Corporation

Maximizing Returns: A Comprehensive Guide to Structuring Compensation for Canadian Business Owners
Corporate Tax, Professional Corporation
Maximizing Returns: A Comprehensive Guide to Structuring Compensation for Canadian Business Owners

Understanding what a compensation plan is and choosing the appropriate compensation method for your Canadian …

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CRA Gift Tax Rules for Employers
Professional Corporation
CRA Gift Tax Rules for Employers

Generally, when an employee receives a gift or an award from the employer it is …

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What Is A Minute Book And Why Do All Corporations Need One?
Professional Corporation
What Is A Minute Book And Why Do All Corporations Need One?

A corporation is a separate legal entity from an individual, meaning that its assets and …

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Business Valuation Principles – Rules of Thumb
Professional Corporation
Business Valuation Principles – Rule of Thumb

If you are a private business owner in an industry with a high volume of …

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What is Cloud Accounting
Cloud Accounting and Bookkeeping, Corporate Tax, Professional Corporation
What is Cloud Accounting

More and more small businesses are turning to cloud technology for their accounting systems. But …

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How to Select a SR&ED Consultant
Corporate Tax, Professional Corporation, SR&ED
How to Select a SR&ED Consultant

Individuals and corporations in Canada can apply for lucrative tax credits for completing scientific research …

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Corporate Capital Gains Tax Rate for Canadian Corporations
Corporate Tax, Professional Corporation, Tax Tips
Corporate Capital Gains Tax Rate for Canadian Corporations

New tax rules were implemented in 2019 by the Government of Canada regarding investment income …

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How to Incorporate in Ontario
Professional Corporation
How to Incorporate in Ontario

What does incorporated mean Incorporations are a type of business ownership that forms a separate …

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What are the Articles of Incorporation?
Personal Tax, Professional Corporation, Tax Tips
What are the Articles of Incorporation?

Articles of incorporation in Canada is a legal document required for the incorporation process and …

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How to Convert a Sole Proprietorship into a Corporation
Professional Corporation
How to Convert a Sole Proprietorship into a Corporation

So your business is growing and you’ve heard that it could be beneficial if you …

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The 4 Most Common Tax Write Offs and Deductions for Small Business
Corporate Tax, Professional Corporation, Tax Tips
Most Common Tax Write Offs and Deductions for Small Business

As a business owner, you care about two things and two things only, that’s increasing …

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Incorporation Rules for Ontario Doctors & Dentists
Professional Corporation
Incorporation Rules for Ontario Doctors & Dentists

As incorporation into a professional corporation has several advantages for medical and dental practitioners, accountants …

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Preparing for a Business Valuation or Economic Loss Claim – It Starts with Good Recordkeeping
Professional Corporation
Preparing for a Business Valuation or Economic Loss Claim – It Starts with Good Recordkeeping

The necessity for a business valuation in Toronto or an economic loss claim can happen …

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How Can Foreign Companies Take Advantage of SRED
Professional Corporation, SR&ED
How can Foreign Companies take advantage of SR&ED?

In its essence, the Scientific Research and Experimental Development Tax Credit (SR&ED Tax Credit) program …

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Business Valuation in Toronto – Beyond the Financial Statements
Professional Corporation, Tax Tips
Business Valuation in Toronto – Beyond the Financial Statements

Business valuation in Toronto relies on many financial documents and other key information. A Chartered …

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Private Business Valuation in Toronto – Normalizing Cash Flow
Professional Corporation
Private Business Valuation in Toronto – Normalizing Cash Flow

When utilizing a cash flow or earnings based method of business valuation, one of the …

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Use a Chartered Business Valuator for Shareholder Buyout Transactions
Professional Corporation
Use a Chartered Business Valuator for Shareholder Buyout Transactions

by Patrick McCabe, CBV Shareholder buyouts occur frequently in closely held businesses because of retirement, …

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What books and records must you keep for your business?
Corporate Tax, Professional Corporation, Tax Tips
What books and records must you keep for your business?

If you are carrying on a business in the form of a sole-proprietoriship, partnership, corporation …

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