Your Business Unleashed Blog :

Retirement planning for business owners can be more complex than retirement planning for employed individuals. There’s an added layer of business succession planning  and other business issues to consider. Do you want to sell your…

Planning an exit strategy is crucial for business owners because it ensures a smooth transition when they decide to step away from their business. It allows for the orderly transfer of ownership, minimizes tax implications,…

Business purchases can take two forms—an asset purchase or a share purchase. In an asset purchase, the buyer is only buying certain assets and, generally, none of the liabilities of a target company. The assets…

Our 2021 comparison of Salaries vs. Dividends recommended various reasons why salaries might be a better remuneration strategy for business owners, but all that may be changing. Recent increases in CPP contribution rates have made…

A shareholder’s loan account is the account within a corporation that tracks the contributions (other than share equity) and drawings (other than dividends and salaries) made by a shareholder. Typical contributions (credits) a shareholder makes…

Personal tax returns preparation for business owners & their families Personal tax preparation for business owners, their spouses, and their children can be enhanced by expert tax planning to ensure the family’s business structure is…

Corporate reorganizations are done for a number of reasons. There are a variety of ways to structure a company and every company’s structure may change over time as the owner’s needs evolve. Your accountant should…

Corporate tax preparation in Canada Corporate tax preparation is a pain but every corporation in Canada has to do it, even if it doesn’t owe any tax that year! Canadian companies are required to file…

A trust is an agreement between a settlor (a donor) and a trustee, in which the settlor gifts property to the trustee, who manages and controls the property for the benefit of another person, people,…

Filing tax returns for the deceased Estate tax rules can be complex and vary by province. The tax implications of an individual's death depend on the nature and value of their assets, as well as…

What is the Lifetime Capital Gains Exemption? Almost every small business owner dreams of one day selling their business, which is why they put their entire life into building it and, hopefully, making it salable.…

Audit Shield is a fee waiver service we offer that allows us at least $10,000 in professional time per year. This allows us to respond to an audit, enquiry, investigation, or review by the CRA…