October decision brief The economy is adapting. The trade relationship is not stabilizing. Canada enters October with a more complicated picture than it carried into September. The second quarter produced a meaningful rebound in output and productivity, businesses are visibly…
The Business You Built Is Worth More Than the Purchase Price The offer arrived on a Thursday afternoon, just as Maya was preparing to leave the office. Ten million dollars. She read the number twice, then called her husband, Daniel…
The loss that did not belong where the family expected Asha had spent twenty-five years building a manufacturing business with her husband, Daniel. They had weathered equipment failures, difficult customers and the uncertainty of hiring their first employees. Now their…
Tax Rules, Planning Strategies and CRA Requirements A tax-planning guide for families with family-owned enterprises By Nizam Shajani, CPA, CA, LL.M (Tax), LL.B, MBA, TEP Originally published September 1, 2025 | Substantively updated September 8, 2026 Winding up a corporation…
The price of a family business is not the same as the wealth its owners retain. A share sale, asset sale, transfer to children, employee ownership trust or wind-up can lead to different tax and retirement outcomes. In this Tax…
Canada’s recovery is real—but so is the next trade shock. September’s Family Enterprise Economic Update examines what the latest Canadian and U.S. data mean for business-owning families, with a focus on tariffs, cash flow, investment and family wealth. This edition…
Why SR&ED Matters for Canadian Family Businesses Imagine you're sitting at the kitchen table after a long day, reviewing your company’s year-end financials. Your family business—whether it is a food processor in Alberta, a tool-and-die manufacturer in Ontario, an agricultural…
– ITA s.70(5), s.159, s.164(6) | CRA Estate Guidance | T4012 When someone dies, the tax clock does not stop. In fact, it accelerates. The final return is often the largest tax return the individual will ever file. It can…
ITA s.70(5), s.70(6), s.146(8.8) | CRA Estate Guidance | T4012 The year your spouse dies is not an ordinary tax year. It is emotionally overwhelming. It is administratively complex. And under the Income Tax Act, it is legally distinct. For…
ITA s.180.2, s.60.03 | CRA Guide T4012 You worked for decades. You qualified for Old Age Security. Then you received a notice that part of it must be repaid. That is the OAS recovery tax — commonly called the “OAS…