11 Tax Tips For Owner-Managed Enterprises

TAX RATE SUMMARY BC personal and corporate tax rates will not change in 2020: Corporate Tax Rates (Fed + BC)          2019 2020 CCPC Active business income < $500,000 [1]   11.00% 11.00% CCPC Active business income > $500,000 27.00% 27.00% CCPC investment income  50.67% 50.67% Personal services business income 45.00% 45.00%   Personal Tax Rates (Fed […]

auditor or financial inspector working on business sales report.

Pre-Employee Share Ownership Plans (“ESOP”) – Key Valuation Considerations

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news.  Developing an ESOP is new territory for both employer and employee. Many […]

Revenue Diversification

Revenue Diversification By Non-Profit Organizations

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission ofbeing the best partner in your success by keeping you aware of the latest business news.  The Canadian Income Tax Act defines a non-profit organization as “a club, society or […]

New CRA Audit Project: Car Expenses

New CRA Audit Project: Car Expenses

  It appears that the Canadian Revenue Agency (CRA) has a new project: corporate car expenses. This change comes as a surprise as previous correspondence from CRA was proposing to disallow personal car expenses for owner managers. In CRA correspondence that we have seen of late, the focus is on those companies that had an […]

shareholder motivations for liquidity

Shareholder Motivations for Liquidity

  (Part 2 of Preparing for a Liquidity Event) In my previous article that appeared in June’s edition of the Canadian Collaboration Newsletter, I discussed how best to prepare for a liquidity event. Proper preparation ensures a business is well positioned when encountering any unexpected events that may result in a liquidity event. It is recommended to […]

Liquidity Event

Preparing for a Liquidity Event

  The success of a liquidity event involving a privately-held business requires considerable preparation. Even in circumstances where a sale is not imminent, much can be done to improve the operational and financial performance of a business in order to ensure owners can capitalize on favorable market conditions and execute their liquidity option when the […]