Essentials of the Business Loan Agreement
April 29, 2020Essentials of the Business Loan Agreement A business loan agreement is an agreement between a lender and a borrower, whereby the lender promises to loan money and the borrower promises
Reducing the GST/HST Payable on a Possible “Builder” Assessment
April 29, 2020Reducing the GST/HST Payable on a Possible “Builder” Assessment A taxpayer that buys new residential real estate and then sells the property may think that the sale is tax-exempt and
Common Law Doctrine of Frustration, Covid-19 and your contractual obligations
April 28, 2020Common Law Doctrine of Frustration, Covid-19 and your contractual obligations In my previous article on Force Majeure Clauses, Covid-19 and your contractual obligations, I discussed your contractual obligations in light
Force Majeure Clauses, Covid-19 and your contractual obligations
April 28, 2020Force Majeure Clauses, Covid-19 and your contractual obligations In face of a global pandemic many businesses are struggling to resume the operation of their business and satisfy their contractual obligations
COVID-19: Support for Businesses
April 28, 2020COVID-19: Support for Businesses Several announcements concerning Government support for businesses and individuals were made during the COVID-19 pandemic. This article will provide a complete guide to the benefits and
COVID-19: Support for Individuals & Families
April 28, 2020COVID-19: Support for Individuals & Families A complete guide to the benefits and the support for individuals and families, pledged by both the federal and provincial government. Over the last
COVID-19: CERB Support for Self-Employed Individuals
April 28, 2020February 2022 update: The Canada Emergency Response Benefit (CERB) is now Closed. COVID-19: CERB Support for Self-Employed Individuals Over the last several weeks there have been various announcements concerning Government
CECRA: Canada Emergency Commercial Rent Assistance
April 28, 2020CECRA: Canada Emergency Commercial Rent Assistance February 2022 update: The CECRA program is now closed. CMHC is reviewing program participants to ensure compliance with CECRArequirements. “If you participated in the
The Tax Implications of Selling Assets or Shares in a Business Transaction
April 27, 2020The Tax Implications of Selling Assets or Shares in a Business Transaction If you are looking to purchase a new business in Ontario or sell your existing business, there are
Subsection 50(1) Election
April 26, 2020Subsection 50(1) Election Tax Relief on Losses with Bad Debts, Defunct Shares and Bankrupt Corporations As investors, there may be times when you hold shares or debt of a company
