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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 ...

How to establish a successful real estate workforce

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 ...

Remodelling your real estate business plan: A guide for entrepreneurs

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 ...

Top 10 pitfalls of real estate financial reporting

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 ...

How Bill C-208 will ease the tax burden on family business

Family business is the backbone of the Canadian economy. When a family business is passed down to the next generation, we see so many positive ripple effects in the economy: A new entrepreneur is given the opportunity to succeed  New jobs are created  Industry advancements are made Loyal customers maintain a trusted partner Communities ...

Fireside Chat | Remodeling your real estate business: Finance Edition

Our most recent digital event gathered up real estate industry experts to discuss all things finance to remodel your real estate business. To further our series of digital conversations, this last event brought together Zeifmans team members with panelists David N.H. Bell, David S. Gasch, Daniel Marinovic, and Justin Walton to cover: – Finance ...

Structuring your real estate business for RSP eligibility

Seeking potential investors? You may find an opportunity in Retirement Saving Plans (“RSP”). Currently, real estate backed investments are a sought-after commodity, but many investors are unable to directly invest. It may not be possible for an investor with low liquid cash to, say, use funds from their RSP to directly purchase a rental ...

Thriving during economic recovery: A guide for businesses

Have you stopped to poke your head up yet? For many Canadian businesses, the last year has felt like competing in an Olympic-level hurdles race. We’ve weathered one challenge after the next, with a view of “normal life” still off in the distance. People have lost jobs, and businesses have fallen on hard times. ...

Canadian real estate trends + opportunities in 2021

Looking back at initial predictions for the Canadian real estate market at the beginning of the COVID crisis, you might think you were reading a dystopian nightmare. All logic pointed to a crash, not unlike what certain markets saw in the wake of the 2008 recession. With unemployment rising, it was reasonable to assume ...