Imagine this – you’re running your business, thinking everything is fine, and then you get a notice from the CRA saying you’re being audited. Suddenly, you’re drowning in paperwork, scrambling to explain past transactions, and wondering if you made a mistake. Stressful, right? A CRA audit isn’t just inconvenient – it can be costly and… Continue reading How to Avoid a CRA Audit: 8 Common Triggers to Watch For
Blog Category: Real Estate
2025 Corporate Tax Deadlines for Business in Canada
Does the thought of missing a tax deadline keep you up at night? As a business owner in Canada, you already juggle a lot – managing operations, ensuring payroll is accurate, and staying compliant with regulations. However, when it comes to tax filing deadlines, even a small oversight can lead to penalties and unnecessary stress. … Continue reading 2025 Corporate Tax Deadlines for Business in Canada
Gifting Strategies for Business Owners in Canada 2024
Have you ever wondered how much of your wealth might get caught up in taxes when transferring it to loved ones? For business owners, estate tax liability can feel like an invisible leak in your financial plans, slowly draining the legacy you’ve built. The good news is there are strategies that can help minimize these… Continue reading Gifting Strategies for Business Owners in Canada 2024
Role of Trusts in Canadian Business Succession Planning
What happens to your business when you’re no longer around to manage it? It’s a question many business owners prefer not to think about, but the truth is, without proper planning, your business could face unnecessary financial strain, legal battles, or even closure. The good news? Trusts can help safeguard your business and ensure its… Continue reading Role of Trusts in Canadian Business Succession Planning
How To Do An Estate Freeze in Canada? 2024 Guide
Are you concerned about the tax burden your family might face on your business or assets after you’re gone? Many business owners and high-net-worth individuals worry about the hefty tax bills that can erode the wealth they’ve worked hard to build. Estate freezes offer a solution, by locking in your asset’s current value, you can… Continue reading How To Do An Estate Freeze in Canada? 2024 Guide
Why Is Estate Planning Important For Business Owners
Are you confident your business will continue to thrive if something happens to you? For business owners, estate planning isn’t just about passing on personal assets, it’s about protecting the future of your company. Without a plan in place, your business could face serious risks, including tax burdens, legal disputes, or even closure. The absence… Continue reading Why Is Estate Planning Important For Business Owners
Wills or Trusts | Which is Better?
Are you worried that your hard-earned assets won’t be protected or passed on as smoothly as you’d like? Many business owners and individuals make the mistake of overlooking how estate planning can impact their financial future, leaving their wealth exposed to taxes, probate costs, and delays. Without a well-thought-out estate plan, your family could face… Continue reading Wills or Trusts | Which is Better?
The Role of an Accountant in Effective Estate Planning
Are you confident that your estate plan will protect your business and assets for the future? As a business owner, estate planning isn’t just about writing a will—it’s about safeguarding your hard-earned assets, securing your company’s future, and minimizing tax burdens for your heirs. This is where an estate planning accountant plays a crucial role… Continue reading The Role of an Accountant in Effective Estate Planning
Financial Planning For Small Business Owners: A Beginner’s Guide
“Fiscal planning is essential to achieve business goals, manage cash flow, make sound financial decisions, and prepare for unexpected events.” Despite knowing all this, many SMEs and startups fail, even when they have a bright business idea. They may have made a sound financial plan and accounting services for business but might have its faults.… Continue reading Financial Planning For Small Business Owners: A Beginner’s Guide
How To Survive A CRA Tax Audit: Expert Advice
You might have been running a successful SME business in Canada. Even if all your tax filings are in order, there are chances that your firm will get listed for a tax audit by CRA. Even though businesses are picked for tax audits for a reason, it doesn’t necessarily mean that you have done… Continue reading How To Survive A CRA Tax Audit: Expert Advice