The Scientific Research and Experimental Development (SRED) Tax Incentive Program is one of the most generous tax credits available in Canada, designed to support businesses that are pushing the boundaries of innovation. For family-owned enterprises, SRED can be a game-changer,…
If you’re running a family-owned business with ties beyond Canada’s borders, you’re likely juggling a lot—different currencies, international regulations, and taxes in multiple countries. What if there was a way to ensure you weren’t paying more tax than necessary on…
The Importance of Transfer Pricing for Canadian Family-Owned Enterprises In today’s interconnected world, many Canadian family-owned enterprises engage in cross-border transactions, whether by selling products to a subsidiary in another country or providing services to a related entity abroad. These…
Preferred share financing can be a game-changer for family-owned businesses in Canada. Imagine having a tool that not only helps you raise capital without giving up control but also offers significant tax advantages. Preferred shares are exactly that—a strategic financial…
Imagine finding out that a simple oversight in your business’s tax planning could lead to hefty penalties, a surprise audit by the Canada Revenue Agency (CRA), or even fines reaching up to $100,000. For many family-owned enterprises in Canada, this…
Please note the following important dates are estimates only. Please confirm your deadlines directly with your professional advisor. September 15, 2024 - The August payroll for monthly remittances is due. September 30, 2024 …
Bookkeeping is the bedrock of sound financial management for any business, big or small. It involves meticulously recording and organizing all financial transactions. At Shajani CPA, a firm with 40 years of excellence and a ten-year streak as Consumer Choice…
In the complex world of business, financial management stands as the cornerstone of success, particularly for family-owned enterprises. These businesses, often built on a foundation of tradition, values, and long-term vision, face unique challenges that require a strategic approach to…
Starting a business in a new country can be both exhilarating and daunting, especially in a diverse and dynamic market like Canada. For newcomers, understanding the foundational steps of launching a business is crucial to avoiding costly mistakes and ensuring…
Every year, thousands of Canadian seniors fall victim to financial scams, losing millions of dollars to cunning fraudsters. In fact, recent statistics show that seniors are targeted more frequently than any other age group, with the number of reported scams…