The Canadian cannabis industry has arrived at an impressive level of financial success following a sometimes rocky road to recreational legalization. In just a handful of years, we’ve seen the use of cannabis go from social taboo to widely accepted, and the cultivation and sale of the plant go from shady criminal pastime to one ….
Recent tax and regulatory changes impacting Canadian real estate market
In recent months, a number of tax and regulatory changes have taken place which impact the Canadian real estate market. Some of these changes have the potential to be highly beneficial to Canadians, others present challenges, and some simply require pause for consideration. As trusted business advisors, the team at Zeifmans remains continually informed so ….
5 matters to consider when contemplating selling your startup
To sell, or not to sell? It’s one of the most common debates we see here in our firm that happens to coincide with being an entrepreneur It’s part of the quintessential story arc of the entrepreneurship: Start, grow, sell. And it’s a lucrative prospect, particularly in Canada in 2019. There are several reasons why ….
Health Canada’s new cannabis licensing process
Last year’s full legalization of cannabis in Canada opened the door for an already growing industry to gain further momentum. But the country’s cannabis producers have experienced challenges as the government continues to evolve the licensing process. Health Canada has stated the intention of encouraging both large and small cannabis producers, but many are criticizing ….
4 reasons why your family business needs a succession plan advisor
58% of business owners do not have a succession plan[1]. Can you guess what the single biggest reason is for setting aside that task? 78% of respondents say that they’ve neglected developing a formal succession plan because they enjoy their work too much to think about retiring! It’s a heartening statistic, and a testament to ….
Strategies for managing US interest expenses disallowance rules in real estate partnerships and LLC’s
As part of the US’s 2017 Tax Reform Package, Rules were passed to preclude certain US partnerships from deducting all or a portion of their US interest expenses. Below we will outline a brief summary of these rules and will walk through a few strategies to avoid or mitigate the impact of these rules. The ….
Family cottages: what to consider before transferring your property to the next generation
With the arrival of cottage season in Canada, cottage owners often inquire about the transfer of the family cottage to the next generation. More than any other family asset, ownership of the family cottage is much discussed amongst families because it often holds significant sentimental value for both the owners and their children. More often ….
Zeifmans can help you navigate through the weeds
Legal sales of cannabis in Canada are expected to reach $6.5 billion per annum by 2020. As this industry reaches new heights, there is ample opportunity for both entrepreneurs, investors and already existing cannabis businesses in the space to grow in this exciting market. Let Zeifmans help you navigate through the weeds. To learn more, reach ….
Zeifmans’ Quarterly 3 – Examining top considerations for non-residents selling a Canadian property
Zeifmans’ Quarterly 3 is back for a second round, where partners Ahmad Aslam and David Posner answer 3 of your real estate sector tax and accounting questions. Today, they explore the following topics: Top 3 considerations for non-residents selling a Canadian property. Have additional questions? Review our post, Dealing with Canadian real estate owned by a ….
Succession planning and tax planning: two of a kind
Small business owners have a lot on their plates. A smaller team means in many cases that the owners have to wear multiple hats, playing several different roles at once. Once the company increases in profitability, the work doesn’t stop; the challenges just change and evolve. Given that small business owners tend to be so ….