Remember the fable about the ant and the grasshopper? The grasshopper hedonistically enjoys the summer and perishes when the winter arrives. Meanwhile, the ant works hard to prepare for winter and lives to see another thaw. There’s a reason that we’ve shared that story with kids for generations- it’s a worthy narrative. And yet, even ….
ICOs bring opportunity for those willing to take the risk
More than $8.8 billion USD[1] has been invested in Initial Coin Offerings (ICOs) in the last 2 years, which is an incredible amount of funding given how new and disruptive the ICO concept is. While the numbers are undoubtedly impressive, the nascence of the ICO process has produced varied opinions and regulations across geographic regions. ….
Canadian cannabis investors should exercise caution when entering US
While immigration law is clearly not an area in which we practice, at Zeifmans we are concerned for our clients and contacts active in the cannabis space in light of recent US border news involving cannabis investors. Accordingly, we decided to undertake some research to further assist those clients and contacts. Len Saunders is a ….
Zeifmans’ TOSI & 2018 Tax Update
In November 2018, Zeifmans’ hosted two TOSI (Tax on Splitting Income) & 2018 Tax Update Breakfast and Learns at our office, in Toronto, Canada. Presenters, Jonah Bidner and Nathan Jung discussed the background of the current tax environment in Canada as a result of TOSI and the other changes to income tax rules. They then moved ….
How Zeifmans Accelerates Technology and StartUps Success
For any tech or startup venture, it can be overwhelming to consider the decisions that must be made to achieve your specific goals. From the very beginning stages of a company’s development and throughout the course of their life cycle, here at Zeifmans, we can help nurture the growth and success that your company envisions. ….
Implications for property owners using Airbnb for extra income
Since Airbnb launched in 2009, it has become a dominating player in the hospitality industry, offering those seeking overnight stays countless options of unique properties to rent, in a wide range of prices. The platform has caused a 180 degree shift in how travelers book their stays, allowing the end user to forego the typical ….
How pharmacies could shape the face of medical cannabis sales
With the number of medical cannabis patients expected to rise to 450,000 by 2024[1], Canada is desperately in need of a better system for prescribing and dispensing medical cannabis. The question currently up for debate is: How can Canadian pharmacists benefit from this revenue opportunity while providing patients with the safest access to their medication? ….
The 3 Biggest Challenges Facing Canada’s Licensed Cannabis Producers
Today marks the beginning of a brand new economic landscape for Canada’s cannabis producers. While formerly only the medical market was legal, the legalization of recreational cannabis will equate to big business for the Licensed Producers (LPs) who are prepared to grow and sell their crops in this yet uncharted territory. But while the government ….
What LPs need to know from CSA’s Cannabis Report
In our earlier blog, Top 10 reasons why cannabis companies need accounting leadership – we outlined that cannabis companies need help in areas of governance and financial reporting. This point is now more relevant than ever because on October 10, the Canadian Securities Administrators (“CSA”), a national association of the provincial securities regulators, released the results ….
4 tips for navigating commercial leases to avoid long term consequences
Finding a suitable office space is one of the major decisions all technology and startup companies need to make during their initial stages of its growth. As commercial lease terms are typically 3 – 10 years, this decision can have long-term consequences. Today, Zeifmans’ Real Estate Team will be reviewing our top 4 tips for ….