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Laurie Bissonette

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.
Family trusts face higher tax rates

Family trusts face higher tax rates

As I get older, I’ve found that my clients and I seem to talk more and more about retirement and estate planning. Since no one wants to leave their loved ones with a problem, it’s a good idea to make these plans well before you think you need them.
Entrepreneurs: Let’s start at the very beginning

Entrepreneurs: Let’s start at the very beginning

Potential entrepreneurs may be so enthusiastic that they start up their business by the seat of their pants with an idea that has grown and evolved, or a concept about which they are passionate.
What “condition” is your practice in?

What “condition” is your practice in?

If you practice a profession, are you taking advantage of all the tax saving opportunities available to you? Many professionals can take advantage of specific tax saving opportunities for their practices, including the ability to incorporate.
Inside job: guarding against business fraud

Inside job: guarding against business fraud

Fraud is a crime of opportunity. More often than not, it’s also personal, which leaves private enterprises particularly vulnerable.
Funding growth through working capital

Funding growth through working capital

As the last several years have proven, the economic climate is uncertain. While the cost of borrowing may be historically low at the moment, it is not always easy for private companies to access that capital.
Sweetening the pot

Sweetening the pot

As a business owner, you know how much of your company’s success hinges on your rela­tionship with employees.
What was in the budget that affects you and your business?

What was in the budget that affects you and your business?

While the March 21, 2013 federal budget’s main thrust seemed to be on jobs and the economy, the budget includes many measures aimed at addressing what the government calls tax “loopholes” in the Canadian tax system.