Health care businesses of all sizes and specialties can benefit from Canada’s Scientific Research and Experimental Development (SR&ED) tax credit program, though many are deterred from applying due to the program’s complex application process and the many tax regulations governing Canada’s medical community. Health care businesses – such as clinics, bio-tech companies and research ...
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 ...
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 ...
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 ...
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 ...
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 ...
Cyberattacks and cybersecurity vulnerabilities were a growing threat before the pandemic and invasion of Ukraine. Now, the experts are sounding the alarms at maximum volume. Since the pandemic began, nearly one-third of survey respondents have experienced a rise in cyber attacks, insider threats and data breaches because of the increased amount of social and ...
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 ...
The Canadian government has moved quickly to offer economic relief and adjust tax regulations to benefit businesses and workers hit by economic challenges. To help you get up to speed, here is a quick summary of the most important tax changes affecting mid-sized Canadian companies in 2022, complete with links for further details. Updated ...
Securing the first round of financing for a startup can be both an exciting and overwhelming endeavour. Zeifmans partnered with business law firm Cassels Brock & Blackwell LLP to help guide your startup through first financing – from both a tax and legal standpoint. The scenario: You’re a startup business ready to expand. You ...