In late 2017, the US Congress passed the Tax Cuts and Job Act (“TCJA”) which was signed into law by then President Trump on December 22, 2017. One of TCJA’s major changes was to reduce the maximum federal corporation income tax rate from 35% to 21%. In order to offset some of the tax ...
Investing in cybersecurity isn’t something a small or medium-sized business does when they can afford it. It’s an essential step the moment you’ve got devices connected to the internet. Security risks start from day one and only increase as you build your business, accumulate more sensitive information and grow your online customer base. Even ...
Navigating the ins and outs of a medical practice can be complicated and overwhelming. The first step to any healthcare business is finding a trusted financial and legal team that can help you establish and run your practice. Here’s a snapshot of what you’ll need to know from start to finish – literally. From ...
With current low capitalization rates in the Canadian real estate market, many Canadians are looking south of the border to the United States for higher returns on their real estate investment. While the US real estate market potentially offers opportunities for growth, there are numerous tax traps for the unwary Canadian investor. Today, we ...
As the CRA prepares to double its prescribed interest rate on July 1, now is the time to take advantage of an income-splitting exception to the attribution rules. When handled correctly, using this exception will lock in the current rate and save you thousands of dollars in taxes. Here’s how to do it and ...
Building a successful family business takes time, strategy and sacrifice. Entrepreneurs face a multitude of challenges while growing a company, but one of the greatest is often succession planning. According to the Family Business Institute, only 30% of family businesses make it to the second generation, 12% survive to the third and a ...
Unfortunately, moving your medical practice requires as much hoop-jumping as setting it up. When relocating, you have several options to choose from, each with different processes and considerations. Let’s dive right in: Option 1: Maintain both corporations Run two practices After moving and incorporating a new medical professional corporation, you can retain your existing ...
Many employees were in survival mode for the last two years as remote work became the norm. Now that workplaces are preparing for a hybrid model, it’s time to acknowledge the damage done to company culture and prepare to rebuild with some new techniques. A new era of leadership A new form of leadership ...
The world is experiencing an esports revolution, with Canada at the forefront. With global revenue of $1.1 billion USD in 2021 and year-over-year growth of $1.6 billion USD in 2024. The industry has caught the eye of countless investors and business elite. As its monumental growth begins to push esports into the mainstream, it’s ...
Finance Minister Chrystia Freeland presented the 2022 Federal Budget to a divided House of Commons on April 7, 2022. The Liberal and NDP parties have recently agreed to a confidence deal, while the remaining parties sit on the sidelines. Lower than anticipated spending and deficits This is the Liberal’s first budget since being elected ...