7 Tips for Avoiding Surprises and Predicting Your Tax Refunds

Taxpaying individuals and businesses can handle the ups and downs of their financial lives, but nobody likes surprises. Here are 7 tips for preventing surprises by staying on top of your financial and tax activity.

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Planning Large Capital Investments – 5 Tax Implications You Need To Consider

All companies must invest in equipment to be successful, and it is important to understand the tax implications of those large capital purchases.

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3 Mistakes to Avoid When Buying a Cottage

Everyone can relate to the lure of a cottage –lounging in a Muskoka chair while relaxing by the lake. However, buying a cottage is a major financial commitment that requires proper consideration. When it comes to buying a cottage, the purchase price is only the initial financial aspect. Another serious financial commitment comes from the […]

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Do You Understand Depreciation and How It Impacts Your Business?

All business owners are faced with depreciation and the declining value of their assets. It’s a reality of owning an enterprise, particularly in capital-heavy sectors that rely on machinery, buildings and equipment. Depreciation affects the way you conduct your accounting and how you assess your overall performance. Depreciation – The Diminishing Value of Your Property […]

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Transitioning Your Family-Owned Business – How to Preserve Your Legacy

Family-owned businesses face unique challenges during every phase of the business life cycle. They grow with their founders’ energy, sacrifice and commitment. As the company grows, there will come a time when the founder must step down and let someone else take the reins. That’s where family-owned businesses get tricky. In many cases, the owner […]

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Tax Incentives: The Big Ones, The Small Ones and the Too-Often-Forgotten Ones

Federal, provincial and municipal governments use tax incentives to encourage businesses and individuals to make economically positive decisions. Tax rules have been designed to incent businesses to make investments, create jobs, drive innovation and help people develop skills. Getting to know the ins and outs of tax incentives can be tricky. Businesses of all sizes […]

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