Eligible vs Non-Eligible Dividends in Canada: The Simple Answer Eligible dividends are paid from a corporation’s General Rate Income Pool (GRIP) — income taxed at the general corporate rate (about
Navigating the M&A Due Diligence Process for Small to Mid-Sized Businesses M&A due diligence is the process of reviewing a target company’s financial, legal, tax, and operational records before an
Building Wealth and Security: The Strategic Advantages of a Holding Company When it comes to structuring one’s business for optimal financial and operational efficiency, advisers will strongly recommend integrating a
New Era of Transparency: Canada Mandates Disclosure of Significant Control in Federal Corporations Effective January 22, 2024, federal corporations incorporated under the Canada Business Corporations Act are required to file information
The Role of “Time is of the Essence” in Contracts Within the intricate tapestry of commercial and corporate transactions, the provision “time is of the essence” stands as a pivotal
Demystifying Corporate Roles: Shareholders, Directors, and Officers – What’s the Difference? In many small businesses, one person or a small group of persons occupy all three positions of director, officer
How to Calculate the New Capital Gains Tax on the Sale of Your Business Over the past few weeks, we’ve been inundated with calls and emails from our clients inquiring
Canada’s 2024 Federal Budget – Impact on Taxation of Sale of Business On April 16, 2024, the Deputy Prime Minister and Finance Minister presented Budget 2024 to the Houseof Commons.
Financing Your Business Purchase In the world of private M&A, financing the deal can come in three predominant forms: (a) Institutional funding from a financial institution (b) capital contributions or
Letter of Intent, words and actions – be aware you may have entered into a binding deal Enforceability is not always built into an agreement. Struggling to determine what makes
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