What’s inside the black box of earnings & multiples Most business owners understand that small to medium sized businesses are commonly valued by potential purchasers based on some multiple of earnings. Seems…
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For shareholders of companies currently receiving a salary, it is possible to save $4,828 of annual CPP contributions by changing your remuneration to dividends. Since the start of a new…
As the end of the year approaches, it’s a good time to contemplate some planning ideas. Below, in no particular order, are some ideas and tips, which may be useful…
Meals and entertainment expenses are frequently flagged for audit by the CRA and they can be very difficult to substantiate “after the fact”.
From October through March of each year, the Canada Revenue Agency compares information reported on your personal income tax return to information provided by third-party sources,
If you use a vehicle to earn income for your company, it may claim various expenses such as lease payments, gas, insurance, repairs, interest and capital cost allowance (if the…
Do you make your Payroll Remittance online? If yes, are you aware that the CRA will stop sending you the paper PD7A remittance vouchers once you have made 6 consecutive…
The Provincial Sales Tax Act (“PSTA”) received royal assent on May 31, 2012 and the PST will be re-instated on April 1, 2013 which is about a month away. To…