Monthly Archives: October 2017

//October

Canadian family business penalized by tax proposals

Under the new government tax proposal launched July 18, 2017, Canadian families looking to sell the family business to their children will be heavily taxed. Selling to an outsider would allow the normal capital gains tax exemption, but selling to their children would not allow the parent to utilize the existing capital gains tax exemption. [...]

By | October 3rd, 2017|News & Updates|Comments Off on Canadian family business penalized by tax proposals

Expert Advice When Sales Grow but Profits Don’t

What’s an aspiring entrepreneur do when a business is growing but the profits aren’t? Get expert advice. Expert advice can help entrepreneurs like Sarah Landstreet, whose company Georgette Packaging grew to $1.3 million in sales this past August from $172,000 in 2014. Despite that growth, her net profits for this year were $84,000 as of [...]

By | October 2nd, 2017|News & Updates|Comments Off on Expert Advice When Sales Grow but Profits Don’t