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Financial complications: how the economic climate affects buying or selling a pharmacy

Economic challenges facing pharmacies Before starting the process, it’s important to understand the economic issues you’ll be facing whether you’re buying or selling. They include: Soaring inflation. After hitting historic highs, Canada’s inflation rate cooled a bit in November 2022 at 6.8 per cent. This affects everything from rental prices to commercial stock (like ...

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 ...

Covering your bases – A guide to buying or selling a dental practice

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 ...

Important Medical Practice Accounting Milestones

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 ...

Exploring Section 1031 Rollover in US Real Estate for Canadians

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 ...

2022 federal budget focuses on housing market; spending lower than expected

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 ...

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 ...

Our experts help grow your startup – from first financing to making an exit

Zeifmans’ recent Instagram Live session focused on helping startups succeed from first financing to the final phase of their life cycles. The session was a roundup of our recent four-part series on startups, where we partnered with Cassels Brock & Blackwell LLP, a full-service business law firm. The blog series covered everything from first ...

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 ...