Should you Incorporate a Federal or Provincial Corporation?
Incorporation offers liability protection, continuity and tax benefits for people looking to start their own business. Once you have determined that incorporation is right for you, the first step in the process is deciding…
Attention Ontario Realtors: You Can FINALLY Incorporate…and Here’s How!
After a years-long lobbying effort, Ontario Realtors are FINALLY allowed to reap the tax and liability protection benefits of using a Personal Real Estate Corporation (PREC). On October 1, 2020, new regulations under…
The Lay-offs are Coming! How to Deal with Dismissal or Termination in a Recession
Canada has experienced incredible economic growth over the last decade. That growth may now be coming to a slowdown, and if some of the major bank analysts and economists are right, Canada is heading into…
5 Reasons Why Your Corporation Needs a Shareholder Agreement
Starting a business can be risky, but when you have a dream, a plan and goals, optimism cuts through the anxiety that risk can bring. That optimism though also blinds people to the risks that may come if…
How will the Changes to the Employment Standards Act Affect my Business?
If you are running a business, or are an employee, recent changes to the Ontario Employment Standards Act (“ESA”) will have an impact on you. The following is a summary of several changes to the ESA, many of…
Should I Incorporate in the United States?
The United States is Canada’s largest trading partner and thus a very appetizing market for Canadian businesses. Many Canadian companies and individuals looking to invest in or emigrate to the US often…
How to Draw Money from your Corporation while Mitigating your Tax Liability
If you have been following our start-up series, you will have already planned for your moment as well as learned about corporate structure…
The Wonders of a Holding Company
The “Holding Company” has become like a legendary creature amongst Toronto entrepreneurs. It is poorly understood, and often used improperly. As our earlier articles have shown, the Shocking Myth believed…
The Shocking Myth Believed by Most Toronto Business Owners
There is a shocking myth swirling around entrepreneurs in the City of Toronto. It appears that business owners everywhere believe that there is no point in getting legal advice until their business is huge. We don’t…