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’s a food processor in Alberta, a tool-and-die manufacturer in Ontario, or a software…
Why Corporate Windups Matter in Tax and Succession Planning Imagine you’ve run your family business for decades. You've built something meaningful—perhaps a successful construction company, a real estate portfolio, or a medical clinic. Now, it’s time to retire, pass it…
Imagine this: you’ve spent decades building your family business—late nights, early mornings, sacrifices for your children’s future. One day, it’s time to retire or pass it on. But instead of preserving your life’s work, a significant portion of your wealth…
Imagine having the ability to minimize your family's tax burden to utilize each member's lower tax brackets, while ensuring compliance with Canadian tax laws. Sounds appealing, right? This is where understanding attribution rules becomes crucial for families with family-owned enterprises…
Picture a family-owned business in small‑town Alberta: the founder has built a thriving operation over decades. Employees are like family, and clients come back generation after generation. Yet, as the founder approaches retirement, an all-too-familiar dilemma emerges. Leadership responsibilities loom…
Imagine working for decades to grow a family business—only to find, at the moment of passing it on or restructuring it for sale, that your tax plan has failed. Instead of benefiting from the Lifetime Capital Gains Exemption (LCGE), you're…
In 2024, the Canadian federal government proposed a major change to capital gains taxation: increasing the inclusion rate from 50% to 66.67% for corporations and trusts, and for individuals on annual capital gains over $250,000. The change was originally intended…
When it comes to growing and preserving family wealth, avoiding unnecessary tax burdens can make all the difference. This is especially true when transferring ownership of a business or restructuring the way a company is organized. That’s where Section 51…
Navigating the financial landscape of a family-owned enterprise requires clarity, compliance, and confidence in your financial reporting. A review engagement bridges the gap between a compilation and an audit, offering limited assurance on your financial statements while being more cost-effective…
The Role of Consulting and Advisory Services Key Aspect: Consulting and advisory services from a CPA firm provide businesses with expert advice on financial, strategic, and operational matters. Shajani CPA Advantage: We combine our deep industry knowledge with our diverse…