Whether you’re fresh out of dental school preparing to buy a clinic or a seasoned professional ready to sell, the process of buying or selling a dental practice is a long and often meticulous one. From deciding what type of sale you’re interested in to ensuring you’re structured properly for tax purposes, there are many ...
You don’t need a degree in economics to know we’re having a bad year. With staggeringly high inflation rates, rising interest rates and a stock market that’s had a horrible six months – the worst since 1970 – it’s no surprise that the word recession is being thrown around pretty liberally. Add to that alarmingly ...
Navigating business growth can be overwhelming. Through Zeifmans Entrepreneurship in Focus initiative, we’re supporting companies by sharing fundamental insights tailored to Canadian businesses. Our 5-part Entrepreneurship in Focus video series aims to answer common questions about a variety of topics, including The Scientific Research and Experimental Development (SR&ED) tax incentive program, what you need ...
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 ...