Insights

The long-awaited 2021 Federal Budget was tabled yesterday and, in short, it disappoints. The Federal government is proposing a level of program spending unmatched in Canadian history and intends to borrow very, very heavily to pay for it. With an expected deficit of [...]

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 [...]

When it comes time to file your taxes, you may realize that you have accidentally made an over-contribution to your RRSP. Unfortunately, it’s an easy mistake to make. If you do discover that you have over-contributed to your RRSP, there are immediate steps [...]

Last month, we shared an Insight on some of the most common exit strategies for business owners. If you’ve made the decision to sell your Canadian private corporation, it’s important to carefully consider the tax implications of the sale, as this will influence the [...]