Finance News

Relevant tax, accounting, and finance news for businesses, business owners, and professionals.

21
Jul

Proposed tax changes would shake the small-business world


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Ever since the 2017 federal budget in March, when the government announced that tax changes affecting private corporations would be coming, I’ve been feeling queasy. Well, the proposed tax changes were announced by Bill Morneau, the Finance Minister, on Tuesday. And ugly they are. Here’s a primer on the potential changes.

21
Jul

Do I really need an exit strategy for my business?


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THE QUESTIONA few years ago I co-founded a company. I’m putting all my energies into expanding the business and we are doing well so far. People tell me I should already have an exit strategy in mind, but is it really necessary, given I have no immediate plans to sell?THE ANSWEREvery owner needs an exit strategy. Eventually you will leave

20
Jul

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With legalization coming, Toronto startup aims to blaze a trail in cannabisWith recreational marijuana legal in eight U.S. states and legalization only a year away in Canada, a Toronto-based startup has its sights set on dominating the global cannabis media market and becoming the central marketplace for buying weed online. However, the lack of legal clarity around marijuana advertising and

19
Jul

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With recreational marijuana legal in eight U.S. states and legalization only a year away in Canada, a Toronto-based startup has its sights set on dominating the global cannabis media market and becoming the central marketplace for buying weed online. However, the lack of legal clarity around marijuana advertising and online sales means the company’s business model isn’t a sure thing.

19
Jul

Five challenges for mid-sized businesses, and how to cope


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The series: We look at decision makers and issues important to Canada’s mid-sized companies.How do small and medium businesses (SMBs) make it when the competition is gigantic and worldwide? Here are some challenges they face – and ideas for meeting them:Go where the others are notIf everyone is focused on a huge market, for example the United States, look to

18
Jul

How can small businesses handle rising interest rates?


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On July 12, 2017, amid wide speculation, the Bank of Canada raised its benchmark interest rate for the first time in seven years. All indications suggest that the positive and upbeat outlook for the Canadian economy signals a turning point toward a longer-term trend in rising interest rates in Canada.