Whether you’re buying a business, selling your business, or passing it down to a family member, certain steps must be taken in order to minimize the tax implications.
If you are buying a business, we will guide you through the process of due diligence. We will help you assess the strength and viability of the business based on its financial performance, and, if needed, will refer you to business valuators and other experts to help you. Once the business is yours, we will advise you on business structure, streamlining your operations, and filing your year-end taxes.
If you are selling a business, we will walk you through the process, from taking advantage of capital gains exemptions to creating an exit strategy that will keep your staff and customers comfortable. We also provide estate planning advice, helping you maximize the proceeds from your business sale.
Transitioning in or out of a business can be a smooth process as long as the proper steps are taken. At KWB, make the process simple, stress-free, and positive.
If you would like to guidance on buying or selling your business, please contact us.
Due to the volume of Canadians applying for the Canada Emergency Response Benefit (CERB), the Canadian Revenue Agency has set new protocol for applying: If
As announced by the Minister of Finance, BDC puts in place additional measures to provide relief for Canadian entrepreneurs. Effective March 18, 2020, new relief measures for qualified businesses include:
Corporate income tax changes Corporate income tax balances and instalment payments will be deferred from March 19 until August 31, 2020 to increase employers’ access