Scaling Smart: 10 Cross-Border Questions Every Canadian Start-up Should Ask

A group of entrepreneurs and advisors meet in a modern office, discussing business growth strategies around a table with laptops and sticky notes on a whiteboard.

If you’re a founder with global ambitions, decisions around how to fund, structure, and grow your business—especially across the U.S.-Canada border—can have major long-term impacts. At this year’s Vancouver Startup Week, DMCL partner Marcus Brandt walked founders through some of the most important questions he hears from clients looking to… Read more

Personal Real Estate Corporations (PRECs): A Guide for B.C. Real Estate Professionals

A female real estate agent shakes her client's hand in the living room of a modern house.

Thinking about taking your real estate business to the next level? Forming a Personal Real Estate Corporation (PREC) might be the game-changer you’re looking for. Whether you’re a seasoned real estate professional or just starting out, understanding the ins and outs of PRECs can help you optimize your tax strategy,… Read more

Fighting Against Forced Labour and Child Labour in Canadian Supply Chains Act

A wooden gavel on a stand with legal books in the background, symbolizing legal authority and compliance.

On January 1, 2024, Canada’s new anti-forced labour legislation, the Fighting Against Forced Labour and Child Labour in Supply Chains Act (The Act) came into effect. Certain entities and government institutions must submit an annual report to the Minister of Public Safety by May 31 of each year and make… Read more

ESG: A Game-Changer for Your Business

A group of businesspeople sit around a table examining a solar panel. A presentation is on a screen behind them with graphs displaying renewable energy percentages.

In recent years, there’s been a growing emphasis on the adoption of environmental, social, and governance (ESG) principles as an expectation of the private sector. As we’ve previously explored in the context of Corporate Social Responsibility, companies that embrace ESG principles are seeing significant benefits in terms of revenue growth… Read more

Be aware: New CRA campaign targets Personal Services Businesses (PSBs)

Close-up of a hand holding a magnifying glass over a detailed financial statement, symbolizing scrutiny by the CRA on Personal Services Businesses.

The CRA is increasing their scrutiny of personal services business corporations (PSBs), and the consequences if the applicable tax rules apply to your business can be harsh. The focus of the CRA’s new campaign is on a number of industries such as trucking, IT consulting, accounting, construction, and catering, but… Read more

Support for Women Entrepreneurs

A young black businesswoman smiles and stands confidently with her arms crossed while several other businesspeople work at a roundtable in the background.

On March 8, we celebrated International Women’s Day—a day to recognize and rejoice in women’s and girls’ social, economic, cultural, and political achievements. DMCL wants to acknowledge and celebrate all those who identify as women in our lives—at home, at work, at play, and across the world—who inspire us daily…. Read more

What makes a great board of directors ‘great’?

A shot down a boardroom table with several business people sitting at the table and clapping while smiling.

In the not-for-profit world, a board of directors refers to the group of individuals responsible for governing the organization. Together, their governance creates a tone at the top of an organization that is disseminated through management, employees and volunteers. A good board of directors will effectively operate an organization; a… Read more

Top Tips for Building a Technology Start-up from an Accountant and Valuator’s Perspective

A digital graphic of several bar and line graphs on a grid in blue and purple hues.

UPDATE (October 10, 2024): This article has been updated to reflect changes in legislation, regulations, and accounting practices since the date of publication (February 18, 2020). The Vancouver technology sector is evolving rapidly, attracting more entrepreneurs into the marketplace. At DMCL, we strongly support entrepreneurship and love hearing success stories… Read more