What are Shareholders, Officers and Directors and Should I be One?
There are several reasons why incorporation may be the right answer for your business, but once you have decided to incorporate, there are several more questions that arise. One of the most important questions…
Working from Home during Covid-19: Are You Becoming an Independent Contractor?
One of the most profound results of the Covid-19 pandemic has been the effect it has had on the composition of the workplace. Working remotely has forced employers to move to a task-based measure of labour…
Business Leases in the Time of Covid: What you Need to Know!
Even with the “work from home revolution” caused by the Covid-19 pandemic, many businesses still need space for inventory, operations, retail facilities and for a plethora of other reasons. The Ontario Commercial…
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…
What is “Decentralized Finance” and What are the Risks?
Decentralized Finance (DeFi) refers to any financial activity, from applying for a loan to trading stocks, which is built using decentralized ledger technology. This is the same technology upon which Bitcoin and other…
Buying a business? Don’t Sign Anything Before Reading This!
Buying a business is a great way for an entrepreneur to hit the ground running by acquiring a going concern with existing clients, cash flow and infrastructure such as an office and employees. Buying an existing…
What Are Crypto/Digital Assets And How Can They Be Taxed?
Thinking about buying or selling digital, or “cryptographic” assets such as Bitcoin, Ethereum and other cryptocurrencies? Does your business already deal in digital assets? Regardless of whether you’re an investor or…
Tools to Minimize Taxes in Estate Planning: Why Using a Will is not Always the Best Option
There are many tools that can be used to minimize the MANY taxes that can impact how much your beneficiaries actually get after your death. For example, Joint Tenancy on Real Property is often used as an estate…
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…