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Important considerations for intercorporate management fees

Sunday July 24, 2022

If you use multiple entities (corporations, trusts, partnerships) for business purposes and bill central management fees between them, there are some important things you should know. The CRA is aware that some corporations use intercorporate management fees to reduce (or eliminate) taxes by [...]

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Should you Buy Commercial Space for your Business?

Friday January 28, 2022

One of the bigger decisions faced by most business owners is whether or not to purchase or lease their place of business. There are advantages and disadvantages associated with both, and the decision requires a lot of analysis and planning. Here are some [...]

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Introducing our newest Client Service Partner and Associate Partners

Saturday January 1, 2022

Our newest Client Service Partner: Simon Sham Please join us in congratulating Simon Sham, CPA, CA on his promotion to Client Service Partner. Simon joined the S+C Partners team as an Associate Client Service Partner in July 2019 following several years employed as a Senior Tax [...]

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The new Ontario Business Registry (OBR): what you need to know

Wednesday October 27, 2021

The Ontario Business Registry (OBR) was launched on October 19th, 2021. If your organization is registered, incorporated, or licensed to do business in Ontario, here is what you need to know: Overview The OBR allows businesses and not-for-profit corporations to instantly complete over [...]

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Tax Considerations for First-Time Home Buyers

Monday September 27, 2021

With an average home price in the Greater Toronto Area of over $1 million, we are increasingly seeing parents and grandparents co-signing mortgages and helping first-time buyers with their down payments. Do first-time home buyers receiving help from family members—or pooling their resources—still [...]

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Post-Tax Season FAQ

Tuesday May 18, 2021

With the 2020 tax season now a wrap for the majority of Canadians, we wanted to share the answers to some of the most frequently asked questions we receive post-tax season: Do I have to pay my personal tax in instalments? June 15th [...]

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Are You Holding Surplus Cash In Your Canadian Private Corporation?

Tuesday March 23, 2021

As an owner-manager, how do you determine if you are holding surplus cash in your Canadian private corporation? And what should you do with it if you are? How much after-tax cash should your company keep in reserve? This is a question posed [...]

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Real estate professionals in Ontario should think twice before incorporating

Thursday October 8, 2020

The majority of real estate professionals in Ontario are currently self-employed as sole proprietors working for real estate brokerages. A sole proprietorship is a one-owner business that—unlike a corporation, LLC, or partnership—is not a separate legal entity, and so earnings are subject to [...]

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Cash is King: Managing cash flow during the COVID-19 Crisis

Saturday April 11, 2020

The COVID-19 pandemic has had serious cash flow implications for most businesses. In order to quickly and effectively respond to the financial challenges delivered by the current crisis, business owners need to think and act like a CFO. As leader, your capacity to [...]

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