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Laurie Bissonette

Are you the next generation of a family business?

Are you the next generation of a family business?

When transitioning family businesses from one generation to the next, most experts agree that good communication is critical to success. It’s also important to ensure all parties involved understand the process and the documentation in place.
Proactively managing fraud — protect yourself with proper procedures

Proactively managing fraud — protect yourself with proper procedures

Fraudulent activities can be more difficult to detect within private companies, especially where prevention procedures and policies might not be as rigorously established as within larger organizations.
Preventing, managing, and resolving tax disputes

Preventing, managing, and resolving tax disputes

Are you at risk for a CRA audit? Although the audit and appeals process can be time-consuming and difficult, being prepared and managing the audit process in a mutually respectful manner can help you reduce conflicts with the CRA and hopefully make y
Sale of business to employees

Sale of business to employees

In the next few years, your businesses may transition to a different owner. Aside from passing on the business to a family member, you may also want to consider selling the business to your employees.
The competitive advantage of a family business

The competitive advantage of a family business

Family businesses can often have a reputation as having friendlier, more devoted employees—even though it may not feel like that when your family can’t agree on who’s on call that weekend.
Ontario businesses can take advantage of 2014 budget changes

Ontario businesses can take advantage of 2014 budget changes

With a federal election coming in 2015, it’s no surprise that this year’s federal budget did not include any significant tax breaks.
Head off disputes and save tax with shareholders’ agreements

Head off disputes and save tax with shareholders’ agreements

Co-owning a small business with a partner can be a recipe for success for many entrepreneurs. The partners’ different skills and experience can come together to make a stronger business than either of them would have separately.
Should your family-run business pay into EI for relatives?

Should your family-run business pay into EI for relatives?

Is your company paying too much EI? Many family-run companies fail to realize family members working in the business are usually not eligible to collect Employment Insurance if they’re laid off for any reason, including shortage of work, maternity le
Recaptured input tax credits for HST – time for a checkup

Recaptured input tax credits for HST – time for a checkup

Does your business have to recapture certain input tax credits it has claimed under the harmonized sales tax (HST) rules? Many large businesses in Canada are still struggling with the recaptured input tax credit (RITC) rules, which were introduced wi
Owner-Managers: consider last-chance 2013 tax savings opportunities

Owner-Managers: consider last-chance 2013 tax savings opportunities

While 2013 is almost over, many tax planning opportunities are still available. As an owner-manager, you can still act quickly to reduce taxes for yourself and your incorporated business this year.