Canada’s newest Underused Housing Tax (UHT) was enacted last summer, meaning some residential property owners (i.e., those not considered “excluded owners”) are expected to file a UHT return and pay the UHT starting this year. Since 2023 will be the first year the CRA will collect the tax, there are still many uncertainties when ...
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 ...
Acquiring a company can be an exciting process, but it’s also a long and complicated one. Once you’ve decided on your target business and researched the implications of plunging into a new market, it’s time to think about due diligence and financing. A thorough due diligence period is essential in any successful acquisition, as ...
Real estate is an ever-changing market with a wealth of expansion opportunities. If you’re ready to grow your business and are looking to acquire a new company, there are several steps you’ll need to take first. Considerations include what you’re looking to acquire (assets vs. shares) and whether you’ll be expanding to a new market. In ...
The Rogers family drama has been captivating. The whole country watched it play out in the fall of 2021, when Edward Rogers tried to fire Rogers CEO Joe Natale. This move wasn’t a popular one with the board or Edward’s own family, as his mother, two sisters and other board members blocked the firing ...
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 ...
Your real estate venture has taken off and you’ve assembled a team of new hires to help get your operation running in high gear. Now that you’re growing your business, you’ll be faced with a myriad of difficult decisions that could have a significant impact on your career. While this scenario is exciting, growing ...
Unless you’re a perfectly preserved mid-century rancher, there’s always room for renovations. When it comes to your real estate business plan, it’s understandable that you may require some tweaks throughout the years to ensure that your plan is as thorough, sturdy, and opportunity-optimized as it can be. And if you’re brand new to the real ...
The relationship between business owner and accountant is paramount to the success of a real estate business, in particular when it comes to your financial reporting needs. That’s why Zeifmans has spent more than 6 decades putting relationships first; building our business based on our care, attention, and future visioning so that our clients ...
As your real estate business grows, there comes a time when you realize that in order to scale up to the heights you desire, you need to welcome in new partners. Whether these are banks or lenders or private investors, finding and landing the right help is an artform. And the more you know, ...