Not so long ago, we wrote a brief primer on Bitcoin to bring some clarity to those unfamiliar with cryptocurrencies. In the year since then, we’ve seen an incredible surge in awareness and availability of cryptocurrencies, spurred at least in part by the value of a single Bitcoin surging to a peak of nearly US$20,000. Read the full article…
From summer vacations and year-end holidays to the Stanley Cup playoffs, there are many times of year that Canadians typically look forward to, but tax season generally isn’t one of them. If tax time makes your head spin, we believe that a good offence is the best way to minimize stress. This means being organized, Read the full article…
When Finance Minister Bill Morneau tabled the 2018 federal budget on 27 February, there was no great roar of excitement among small business owners. However, amid the notable lack of cheers, one point was also plainly evident: it could have been worse. Back in July 2017, Mr. Morneau announced plans for an abrupt and aggressive Read the full article…
Dear Mr. Morneau, I am writing in connection with your recent tax proposals concerning private corporations. We are a small CPA firm and we have discussed your proposal with our affected clients and obtained their feedback to it. I must say, that the majority of our clients are not among the richest 1% which are Read the full article…
Summertime in Canada should be all about slowing down, spending time with family and enjoying warm summer nights at the lake. Unfortunately, both the Ontario government and federal government didn’t get the memo. Instead, our lawmakers have decided to keep businesses on their toes this summer worrying about proposed major changes to Ontario’s minimum wage Read the full article…
Businesses are built to be sold, but that doesn’t mean it is a straightforward process. There are countless details to sort out when preparing to sell your business and many questions will undoubtedly arise. Here, we address some of this uncertainty and outline a few of the most important elements for a successful sale. Know Read the full article…
If you find tax-free savings accounts (TFSAs) a bit confusing, you should direct some of the blame at whoever came up with the name. While they are labeled a type of savings account, TFSAs are much more than that: once you understand how they work and how to optimize them, they can serve as a Read the full article…
The financial sector has always been home to a mix of tradition and innovation. Technology has clearly resulted in significant transformation in the financial sector in recent decades, and this trend will only continue in the years ahead. For a clear example of this, look no further than the rise of cryptocurrencies. Our recent article Read the full article…
There was plenty of speculation prior to the release of the 2017 Federal Budget regarding the topics it would address. The wait is now over with its release on Wednesday, March 22. The $21 billion deficit headline figure is a little less than last year’s $25 billion deficit, but it remains way above the $10 Read the full article…
By now you’ve likely heard of Bitcoin, not least because the currency made headlines recently when the price of one bitcoin climbed above the price of an ounce of gold for the first time ever. However, if you’re confused about how it works and what all the fuss is about, you’re not alone. In this Read the full article…
