Writing a Business Financial Plan: A Guide for Small Businesses and Start Ups
Writing a Business Financial Plan: A Guide for Small Businesses and Start Ups One of the most essential elements of a business plan for start-ups that want to move from…
Pay Less Tax on the Sale of your Business: Understanding the Impact of Allocations to Restrictive Covenants and the s.56(4) Election
Pay Less Tax on the Sale of your Business: Understanding the Impact of Allocations to Restrictive Covenants and the s.56(4) Election A restrictive covenant is essentially a commitment not to…
Allocations of Purchase Price on the Sale of a Business – Be Wary of Section 68
Allocations of Purchase Price on the Sale of a Business – Be Wary of Section 68 When buying or selling the assets of a business, it is important to negotiate…
Tax Deductions for Bad Debt Under Section 22
Tax Deductions for Bad Debt Under Section 22 When selling a business, your assets may include accounts receivable that include bad debts, for which there is no expectation for recovery.…
Tax Elections that Cancel GST/HST on the Sale of Assets
Tax Elections that Cancel GST/HST on the Sale of Assets Section 156(1) of the Excise Tax Act (Asset Purchase) – Form RC4616 In our last article, we looked at Election…
