Advantages to Being a Canadian-Controlled Private Corporation The biggest corporate tax advantage of being a Canadian-controlled private corporation is being eligible for the small business deduction. This corporate tax deduction…
Category: Business
Sale of a Business
What does it mean to sell your business? Selling a business is vastly more complicated than selling, say, a car. You can sell a business by selling shares or selling…
Retirement Savings for Business Owners Part One: What Are Your Options?
One of the reasons you likely went into business for yourself is that you prefer to be in control of your own financial future. As the owner of a Canadian…
Retirement Savings for Business Owners Part Two: The Individual Pension Plan
If you haven’t already thought about starting a Individual Pension Plan (IPP), they’re worth looking into. The IPP is a registered plan for business (CCPC) owners and incorporated professionals such…
Shareholder Agreements
What is a shareholder agreement? A shareholder agreement is a formal document – a contract – that outlines the rights, responsibilities and expectations of the owners of a business and…
Advisor.ca article: How tax rules disadvantage family business succession
by Simon Doyle and Melissa Shin Many business owners dream of passing their businesses on to their children. But thanks to a specific anti-avoidance tax rule, it’s often more profitable…