Skip to main content Skip to search

Archives for Tax

The 2022 Federal Budget

The Deputy Prime Minister and Finance Minister Chrystia Freeland tabled the 2022 Federal Budget on April 7, 2022. This article provides our summary of some of the tax measures proposed in the Budget. 

Read more

RRSP – It’s Not Too Late to Make Your Contribution for 2021!

One of the best tools to save for retirement is a Register Retirement Savings Plan (“RRSP”). An RRSP is a special type of registered investment and savings account that provides opportunities to reduce your taxes in the year of contribution and defer income taxes on the income earned within the account. 

Read more

Shareholders and Disputes – Through a Valuator’s Eyes

Some of the primary reasons that the services of a business valuator are required involve changes related to shareholders. In some cases, a successful business may add one or more shareholders to strengthen its core operations or reward performance.

Read more

Enterprise Value vs. Equity Value

In a prior article we explained the basics of valuation multiples, and how they are used to calculate the fair market value of a business.  In this article, we will explain the differences between enterprise value and equity value, and in particular, how these differences impact privately-owned businesses.

Read more

U.S. Vacation Property and The Unsuspecting U.S. Estate Tax

Are you considering purchasing or do you own a U.S. vacation property? Have you considered the potential U.S. estate tax that may be levied on your death? If you haven’t thought about U.S. estate taxes, you are not alone. Many Canadians looking to get into the foreign housing market do not consider the tax efficient ownership structure prior to making the purchase. Unfortunately, this could lead to unexpected taxes and liquidity problems for your estate.

Read more

Valuation Multiples – A Primer

What is a multiple?

Have you ever wondered what stock traders mean in the movies when they say “what’s it trading at?”  Are you a tad confused when you hear “it’s worth about 4-times EBITDA”?  If you are, you are not alone, and the truth is that the answer is not as complicated as one may think.

Read more

Post-Mortem Tax Planning: CRA Allowing Quicker Access to Cash with Pipeline

For deceased individuals who owned shares of a private corporation, the so-called “pipeline” transaction is a commonly used post-mortem tax planning strategy designed to minimize taxes on death. While the Canada Revenue Agency (the “CRA”) has, historically, consented to the use of pipeline transactions, it has usually imposed strict timing requirements that restrict the ability of the estate to access corporate funds in the years following death.  In a recent tax ruling, the CRA relaxed its position when corporate funds were used to pay taxes of the deceased.

Read more