In the intricate world of family-owned businesses, estate planning is not just a necessity—it is the cornerstone of securing your family's legacy. By embracing a collaborative approach, you can ensure that your wealth, business, and values are preserved across generations,…
Personal estate planning is a fundamental process for families with family-owned enterprises, ensuring that the wealth and legacy you’ve built are protected, preserved, and seamlessly transferred to future generations. For these families, estate planning is not just about distributing assets;…
A life insurance policy is a valuable component of many estate plans, offering a straightforward solution to providing immediate liquidity to beneficiaries after the policyholder's death. However, a life insurance trust adds a layer of sophistication to this process, enabling…
Imagine you’ve built a thriving family business, the culmination of years of hard work, sacrifice, and strategic planning. But as your enterprise grows and the next generation steps up to the plate, you find yourself facing a new challenge: How…
In the world of family-owned businesses, securing your legacy isn’t just about building a successful enterprise—it’s about ensuring that your hard-earned wealth is protected and passed down seamlessly to future generations. Imagine your business thriving for decades to come, with…
Evaluation of Canada Growth Fund’s Investment in Svante: Balancing Innovation with Sustainable Growth for Family-Owned Enterprises https://www.canada.ca/en/department-finance/news/2024/08/deputy-prime-minister-welcomes-canada-growth-fund-investment-in-svante-to-advance-carbon-capture-technology.html In August 2024, the Canada Growth Fund announced a significant investment of US$100 million (C$137 million) in Svante, a leading Canadian cleantech company…
Clarifying the New GST/HST Exemption for Psychotherapy and Counselling Therapy Services: What Family-Owned Enterprises Need to Know https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2024/clarifying-new-gsthst-exemption-psychotherapy-counselling-therapy-services.html As of June 20, 2024, a significant change has taken place in the realm of healthcare services in Canada, specifically concerning the…
The U.S. presidential campaign trail is no stranger to bold tax proposals, but one that has recently caught the public’s attention is the idea of eliminating taxes on tips. At first glance, it seems like a compassionate move—a way to…
As Canada’s housing affordability crisis deepens, homeowners, prospective buyers, and businesses are facing a trifecta of challenges: skyrocketing property taxes, persistently high interest rates, and increased capital gains inclusion rates on business properties. These financial pressures are not just numbers…
Navigating the intricate world of tax law often feels like piecing together a complex puzzle. Among the myriad elements, the residency of a trust stands out as a cornerstone for tax planning and compliance. Whether you are a family-owned business…