Section 85 Rollovers
August 2, 2021Section 85 Rollovers Brief Summary Section 85 of the Income Tax Act (“ITA”) is an important tool in the tax arsenal of corporations. It can be used in many instances
Earn-outs
July 8, 2021Earn-Outs It is not uncommon for purchasers and sellers to disagree on the price of a business. This is especially true today in the face of economic uncertainty resulting from
Employment Insurance Eligibility for Corporate Shareholders
July 8, 2021Employment Insurance Eligibility for Corporate Shareholders Employment Insurance eligibility while holding shares in a corporation Pandemic related restrictions forced a significant number of Canadians into unemployment. Out of work, many
Officers’ Duties and Responsibilities Within a Canadian Private Corporation
July 8, 2021Officers’ Duties and Responsibilities Within a Canadian Private Corporation There is a common breakdown of managerial power and control distributed within the organization of Canadian Private Corporations. Directors are in
Due Diligence in M&A Transactions
July 6, 2021Due Diligence in M&A Transactions What is Due Diligence? Due diligence in a catch-all term alluding to the process that buyers undertake to familiarize themselves with the business and assets
M&A Transactions
July 6, 2021M&A Transactions Mergers and Acquisitions in Canada The Canadian business marketplace is one of the most attractive for international investors wishing to purchase a business in Canada. With Canada’s large
A Simple Guide to Starting an Online Business in Ontario
July 6, 2021A Simple Guide to Starting an Online Business in Ontario The benefits of e-commerce have attracted many entrepreneurs to dive into the online marketplace. If you are thinking about starting
Non-competition covenants: what are they and are they enforceable?
July 6, 2021Non-competition covenants: what are they and are they enforceable? Maybe you’ve seen a non-compete clause in a recent employment contract, included one in an offer to purchase a business, or
Bare trust agreements: enabling parents to help their children purchase their first home!
July 6, 2021Bare trust agreements: enabling parents to help their children purchase their first home! As of June 1st 2021, mortgage borrowers have to meet a mortgage stress test rate of 5.25%,
Exit Clauses in Shareholders Agreements | Forced or Otherwise
June 13, 2021Exit Clauses in Shareholders Agreements | Forced or Otherwise While much time and energy is often spent on the logistics of entering into a business relationship, far less attention is
