7.3 Billion Investment by Canada in Grants and Interest Free Loans for Students https://www.canada.ca/en/department-finance/news/2024/09/government-of-canada-helping-students-return-to-school-with-73-billion-in-grants-and-interest-free-loans.html The Department of Finance Canada recently announced a $7.3 billion investment in grants and interest-free loans aimed at supporting students returning to school for the 2024…
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…
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…
As a trusted advisor to family-owned enterprises across Canada, I understand the importance of staying informed about the current economic landscape. Navigating today’s financial markets requires a strategic approach, particularly when it comes to preserving and growing your wealth. Our…
Financial statements are the cornerstone of any business's financial reporting, providing crucial insights into the company’s financial health and performance. For family-owned enterprises, understanding these financial statements is vital to ensuring long-term sustainability and growth. The three primary financial statements—balance…
In today’s rapidly evolving business landscape, family-owned enterprises are constantly seeking innovative ways to grow, diversify, and strengthen their market presence. One strategic option that has gained significant traction is the formation of Joint Ventures. Imagine combining your family business’s…
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…
Effective tax loss planning is a game-changer for family-owned enterprises. It’s not just about reducing your tax bill; it’s about ensuring the long-term financial health and sustainability of your business. In today’s competitive landscape, leveraging tax losses can mean the…
Debt forgiveness can be a lifeline for businesses, providing essential financial relief during challenging times. For family-owned enterprises, understanding the intricacies of debt forgiveness isn't just beneficial—it's crucial. Properly navigating these rules can mean the difference between sustaining your business…