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The Time to Get a Business Valuation is Now for Immediate Tax Savings
CRA will be watching to ensure shares are transferred at an amount equal to market value and/or the adult children are actually running the business after the
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Changes Coming: Compilation Engagement Reports Replacing Notice to Reader
Businesses and lenders accustomed to requesting or reviewing Notice to Reader financial statements will want to take note of an important change coming into effect later this year. Starting for periods ending on or after December 14, 2021, Notice to Reader engagements
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Spotlight on the New Ontario Business Registry Portal
The Ontario government has recently launched an online Ontario Business Registry (“OBR”) portal for businesses and not-for-profits registered, incorporated, or licensed to carry on business in Ontario. There are over 90 different online services available through
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The Future of Your Office – There’s a Lot to Consider
More and more businesses are beginning to re-open their offices as we begin to see some light at the end of the pandemic tunnel. Many business owners are simultaneously contemplating their future office needs. There are many things to consider in determining your
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Employees and the Cost of Owning a Small Business
When the Department of Finance announced earlier this year that it was planning to end “income sprinkling,” GGFL was at the vanguard of local protest. It’s not news to anyone that the protests have grown and the issue has since become a major thorn in the federal
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Highlights from the Ontario Fall Economic Statement
The provincial government released their Fall Economic Statement on Thursday. Billed as a pre-election mini-budget to Build Ontario, the statement proposes a number of investments in infrastructure, health care and skilled trades, but very few income tax initiatives.
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