September 17, 2024
by
Mike McIsaac
For corporations and trusts, the federal government announced its plan to increase the capital gains inclusion rate from 50 to 66.7 per cent on all capital gains realized. This has adversely impacted business investment, including mergers and acquisitions (M&A). Specifically, this has hurt clients who were planning to sell their businesses.
A new strategy for selling businesses
If you want an overview of Canadian tax rates for 2024, you’ve come to the right place. Select from the resources below for personal and corporate tax rates for each province and territory.
As a valued client, we want to ensure that you have collected all the information necessary so that we can prepare your return quickly and efficiently. That’s why we have provided you with resources to assist you in your information gathering.
January 17, 2024 by Sean Grant-Young
New trust reporting rules, effective Jan. 1, 2024, introduce several significant changes aimed at increasing transparency and compliance in the management of trusts. These rules apply to trust taxation years ending on or after Dec. 31, 2023.
Navigating the various Canadian and U.S. tax deadlines throughout the year can be tricky. Our 2024 tax deadline calendar provides a monthly snapshot of important dates that could apply to you or your organization. It can help you stay on top of your obligations, discover overlooked deadlines and avoid unwanted surprises.
December 18, 2023 by Tom Hamilton-Piercy
This is the final article in a three‑part series that guides business owners around the process of selling their business. Parts one and two covered essential steps to take prior to and during the sale of your company, respectively.
November 22, 2023 by Tom Hamilton-Piercy
This article is part two of a three‑part series that guides business owners around the process of selling their business.
October 24, 2023 by Mike McIsaac, Tom Hamilton-Piercy
This article is part one of a three-part series that guides business owners around the process of selling their business.
September 18, 2023 by Bongani Moyo
As a seasoned business owner contemplating retirement, the decision to sell your business is pivotal and requires careful planning. You have several options: passing it down to your children, offering an IPO (Initial Public Offering), closing and liquidating, or selling it as a going concern. Opting to sell necessitates emotional and operational preparation for a successful transition.
September 11, 2023 by Howard Ma
As the hospitality industry evolves with food delivery and virtual dining, adaptability becomes key for businesses facing higher debt costs and financial instability in today's economic climate. Explore the aftermath of the Zero Interest Rate Policy (ZIRP) era as central banks raised rates, impacting businesses like hospitality. Discover how surges in interest rates and pandemic‑induced challenges have led to financial strains for companies, especially restaurants. Learn about options like debt restructuring, asset sales, capital injection, and distressed M&A as strategies for businesses to navigate the changing economic landscape.
