Bust-Out Scheme
White-collar crime can include a myriad of schemes, but one particularly insidious method is the “Bust Out” scheme. The plot operates with the intent of taking control of target businesses, financial institutions, or retail establishments, and exploiting them for financial gain to the point of causing bankruptcy, while leaving a disastrous trail in their wake.
Is This the End of Capital Gain Strips?
Are you an owner of a corporation that needs to access corporate funds to pay for a major purchase or investment in the near future? If so, you should act quick as the upcoming changes to the income tax rules may render certain surplus distribution options obsolete starting January 1, 2024.
Underused Housing Tax: Remember to File by October 31, 2023
The Underused Housing Tax (“UHT”) came into effect on January 1, 2022.
When Lifestyle Exceeds Income
There is always that person or neighbour who seemingly earns a modest paycheck though spends extravagantly.
Business Transition to a Family Member
In a previous article, we discussed succession planning and transition options available to business owners.
Succession Planning and Exit Options for Business Owners
Business owners are passionate, hardworking individuals who pour their heart and soul into their enterprise.
What is the Cost of NHL Playoff Failure?
As the NHL entry draft and free agency period approaches, we thought we would reflect on the most recent playoff elimination of the Toronto Maple Leafs in the second round of the NHL playoffs.
Partner Spotlight: Sukhanpreet Dhanotta
Partner – Audit & Assurance
Partner Spotlight: Alessandra Leggio
Partner – Forensic Accounting
Financial Due Diligence: How to Avoid Overpaying for a Business
Along with legal due diligence, financial due diligence is a critical step undertaken by a prospective acquirer of a business.
