Under the Income Tax Act, a corporation is required to file its tax return within six months of the end of a taxation year. The penalty for late filing is generally calculated as a percentage of the unpaid tax for the fiscal year. If no tax was payable for the year due to a loss, […]
Manage Your Risks to Ensure Your Company’s Long-Term Success
The risks you’ll face as a business will change constantly based on the market (new competitor, new product), the organization (international expansion strategy, acquisition of another company, initial public offering), products (product obsolescence, major recall of a defective product), etc. As such, risk evaluation should be built into your structure, and ideally have a person […]
