Shajani CPA is not just a CPA firm; it's a catalyst for your business's growth and success. With a profound purpose to ignite the potential within enterprises, Shajani CPA infuses a spark of professional excellence into your business journey. For…
For family-owned businesses in Canada, securing additional financing or capital is often a pivotal step toward expansion and sustained success. Whether it’s for scaling up operations, bridging gaps in cash flows, or preparing for future growth, understanding what lenders and…
There are certain other factors that should be considered when one is deciding to incorporate. Advantages of Incorporation: Limited Liability: Liability protection is the main non-tax fundamental reason that a business usually incorporates. Even though sole proprietor and partners of…
For family-owned businesses in Canada, securing additional financing or capital is often a pivotal step toward expansion and sustained success. Whether it’s for scaling up operations, bridging gaps in cash flows, or preparing for future growth, understanding what lenders and…
Selling a sole proprietorship encompasses not just a business transaction, but a series of strategic tax planning decisions that can significantly impact your financial future. This detailed guide offers insights into how to navigate the complexities of selling your business,…
Introduction: Preparing for the 2024 Tax Changes in Canada The 2024 federal budget has introduced a pivotal shift for taxpayers across Canada with the proposal to increase the capital gains inclusion rate from 50% to 66.67%. This significant adjustment prompts…
When stepping into the realm of business ownership by purchasing a sole proprietorship, it's crucial to understand the tax implications and strategic considerations that come with the acquisition of business assets. This guide aims to equip you with the necessary…
Goodwill represents a crucial intangible asset that often arises during the acquisition of one corporation by another. This asset reflects the premium paid over the fair market value of the net assets (tangible and intangible) acquired. It captures elements that…
As family-owned enterprises in Canada work to navigate the complexities of the Goods and Services Tax (GST) and Harmonized Sales Tax (HST), understanding the intricacies of these taxes is crucial. In this post, we will delve into the current GST/HST…
The Canada Revenue Agency offers eligible small businesses the option to utilize the Quick Method for calculating GST/HST remittances, a streamlined alternative to the standard GST/HST reporting methodology. This method simplifies the calculation process and minimizes the documentation requirements. Under…