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TFSA’s for U.S. citizens: might be worthwhile with some caveats

Since the Tax-Free Savings Account (TFSA) was introduced in 2009, it has been used by Canadians to earn investment income on a tax-free basis. Many U.S. citizens, however, have shied away from this account for several reasons. But should TFSA’s really be avoided by all U.S. citizens? While there are some roadblocks to owning ...

Guiding your business from launch to M&As: check out our video series

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 ...

How to launch your first healthcare practice

Now that medical school is behind you and you’re ready to begin your career, starting your own healthcare practice may look appealing. And there’s good reason for that. Startups in the health and education industry are known to have an approximate 56% success rate – the highest of any industry. Not only does running ...

Why your business is likely eligible for a SR&ED tax credit

As a small business ready to expand, you may have heard of the Scientific Research and Experimental Development (SR&ED) program. Maybe you’ve even skimmed the qualifications and asked your friends a few questions. If you think there’s no way your fledgling company would qualify for the R&D tax credit, we have good news. With ...

Level Up: What Startups Should Know About Venture Capital Financing

The Scenario The long hours and sleepless nights you put into your startup are beginning to pay off. Demand for your business is accelerating – both your market share and profitability are increasing quickly. At this stage you may need to hire more employees and invest in technology to continue growth. This is an ...

Building a Solid Foundation – Knowing your options when it’s time to issue shares

Once your startup begins to see success, discussions often turn to shares – namely, the amount that should be issued and who should gain equity in your company. Zeifmans’ experts teamed up with Cassels Brock & Blackwell LLP, a full-service business law firm, to author this guide to help your startup with considerations around issuing shares and creating a solid share structure.   ...

Ontario tweaks Business Corporations Act, making it more business-friendly

This summer, two small but important amendments to the Business Corporations Act (Ontario) came into effect. These amendments eased restrictions on governance so that Ontario businesses can operate more efficiently, ensuring consistency with other Canadian jurisdictions.   Effective July 5, 2021, the new amendments also reduced approval thresholds for written shareholder resolutions and led to ...