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Your source for expert commentary and information in the fields of tax, accounting, human resources, estate planning and technology.

The Importance of Successful Inventory Management

Thursday April 28, 2022

Inventory management is one of the biggest challenges faced by small-to-medium sized manufacturing and distribution enterprises. Whether you warehouse raw materials, finished goods, or both—how you manage your inventory has the potential to make or break your business. Inventory management refers to demand [...]
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2022 Federal Budget Highlights and Commentary

Friday April 15, 2022

On Thursday April 7, the Honourable Chrystia Freeland presented the 2022 Federal Budget. Surprisingly, there were not a raft of tax changes, the capital gains inclusion rate (or effective capital gains tax rate) was not increased, and Federal budget deficits are projected to [...]
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Should I take money out of my Holdco to max out my TFSA?

Thursday April 7, 2022

Question: I have about $300,000 invested through my Holdco as retirement savings. The investment is growing, but I haven't maxed out my TFSA yet. Should I take the money out of my Holdco, pay the tax on it, and let it grow tax free in [...]
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Cloud ERP – is it worth the upgrade?

Wednesday March 23, 2022

It isn’t uncommon for small to mid-sized enterprises (SMEs) to outgrow their siloed, off-the-shelf software after a few years. As inventory, accounting or payroll needs become more complex, centralizing information across the company and automating specific processes becomes increasingly necessary to plan and [...]
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