Turning Vision Into Value

A business valuation expert follows a set of appraisal procedures when they want to find out your business’s worth. Although this might sound simple and straightforward, getting an accurate, precise, and correct business valuation requires a lot of preparation and practice.

Stock yields are always higher than some other conservative investment options like bonds and mutual funds.

Investing in stocks is a high risk-reward strategy. If you are willing to take that risk, it’s always worth investing in stocks for the long term.

The Canada Revenue Agency (CRA) has accumulated more than $ 1 billion over the past 20 years in uncashed cheques issued to taxpayers. Find out how to access your account and never miss a payment again.

Loaning money to a friend or child may be well-intentioned, but it’s important to consider all the implications, especially in the current context, experts suggest.

Student debt is a huge issue facing young people in Canada today. According to Statistics Canada, the average graduate leaves school with over $28,000 in debt. That's a lot of money to pay back, especially when you're just starting out in your career. The good news is that there are ways to get out of debt and on the road to financial freedom. Here are some tips on how to do just that.

Shrinkflation – a term used to describe the practice of selling products with less quantity or volume at the same price by reducing their size or packaging – is having an impact on store shelves.

In advance of granting an employee’s request to telework from abroad, an employer needs to understand what the employee’s residency status will be in the new country and the subsequent tax commitments. Read more from Bruce Ball, CPA Canada’s vice-president of taxation, on the implications of remote work on taxes.

Litigation services are meant to help companies and law firms excel in complex processes that involve large sums of money, multiple parties, and complex court processes. The services or support are meant to help the attorney gain more insight, build a strong case, and create a better trial presentation.

Ask any CPA and they will tell you there is no shortage of small business owners who struggle with the ins and outs of their bookkeeping and accounting chores.

Being your own boss is a dream of many. Owning a passion to do something is another motive to be an entrepreneur. However, having a great business idea is not good enough to run a successful startup. While passion is a great motive a feeling of accomplishment and achievement is equally appealing to business founders.

Many people get into stock trading because it’s profitable in the long term. According to statistics, Canada had a 2.5% share of the world equity market in January 2022. The market is expected to grow as stocks have become more affordable and Canadians are finding out about the advantages of buying stocks.

For people currently renting or considering renting a portion of the home they own, the tax considerations can be complex and the fallout costly if you don’t do it right. In fact, earning income from renting a portion of your home can be subject to different rules and reporting requirements to the Canada Revenue Agency.

On April 7, 2022 the Honourable Chrystia Freeland introduced her second Budget (Budget 22). Here is a summary of the individual and corporate income tax changes that were included in the budget.

The Underused Housing Tax (UHT) Act received Royal Assent in June of 2022, and is retroactive to January 1, 2022. The UHT assesses a 1% annual tax on the value of vacant and underused residential properties owned, either directly or indirectly, by foreign, non-resident owners. The value is based on the greater of the Current Value Assessment (CVA) and the most recent purchase price.

Most economic analysts predict a mild economic recession for the Canadian economy in 2023 due to high inflation, disrupted global supplies, higher interest rates, a slowing housing market, and a widening skilled labor shortage gap, to name a few factors.

With much of Canada returning to a modified lockdown due to the spread of the Omicron variant of COVID-19, the federal government has enhanced and extended some of its support programs for individuals and businesses.

We have seen the tax function shifting from paper to software. Manual calculations, paper mail, and even excel spreadsheets have become obsolete. On the other hand, we have seen dynamic shifts on the legislative and economic fronts as well. The world is shifting to decentralized economic concepts with more political and economic instability in different regions.

One of the key focus areas in the 2022 federal budget (Budget 22) was to improve housing affordability, particularly for first-time buyers. Find out about the new initiatives proposed in Budget 22, and the existing government programs to support first-time home buyers.

All indications are that grocery is poised to become a massive online battleground, and recent years have seen companies across the entire food service space scrambling to grab a piece of a market valued at $3.6 billion pre-pandemic. They range from the traditional grocery giants to category upstarts like Uber and the “OG” of pure-play online grocery services, Instacart.

There are lots of circumstances to be aware of when it comes to the way your assets will (or won’t) be taxed after you pass away. As far as income tax is concerned, a deceased individual is generally deemed to have disposed of their property at fair market value at the time of death. However, if they had a spouse at the time of death, property can pass to the spouse (or common-law partner) on a tax-deferred basis.

The past two years have seen a dramatic transformation in the education sector, with a massive shift to online learning (30 per cent of the school calendar between March 2020 and March 2022), extended school closures in some provinces and disruption of extracurricular activities.

Taxes and other fees can take a big dent out of your assets when you die. So, consider using insurance and other vehicles in your estate planning.

For many Canadians, property ownership is a lifelong dream. Sadly, real-estate scams are commonplace, and it could get worse with the COVID-19 pandemic.

In The Housing Headache study*, 53 per cent of those polled owned a home, while 45 per cent rented or leased. Of those currently renting or leasing, half (50%) think it is unlikely that they will purchase a home in the future. “Home ownership remains a priority for many yet what it takes to get there is becoming increasingly challenging,” says Doretta Thompson, CPA Canada’s financial literacy leader.

As employees return to the workplace, there are many questions around the legal ground rules for employers. Adding to the challenge is the fact that there are few, if any, legal precedents to guide organizations in these unprecedented times. “There’s not a lot of clarity at this point,” says Emily Siu, a lawyer at the SpringLaw employment law firm in Toronto. Here are three key issues keeping employers up at night.

Those retirement savings you’ve squirreled away have to last for an unknown amount of time. But that doesn’t mean you have to give up on dreams of enjoying new experiences. Here are some ways you can stretch every dollar of those savings.

Almost all business operations require the attention of the owner and a manager. However, sometimes the business owner and the manager may be too occupied such that they forget accounting appropriately for their business tax. If you’ve been searching, “where can I find a tax accountant near me?” Worry no more because ZHS offers tax services throughout Mississauga, Ontario.

Consumer preferences are changing with newer buying habits with the adoption of newer technologies. It’s no different when it comes to choosing a payment method for online, in-store, or offline payment options.

Although the number of accountants keeps growing each year, it’s still hard to find excellent accountants. However, there’s a solution – ZHS. ZHS makes it easy for you to hire a chartered professional accountant at an affordable price. Since 2000, the Toronto-based firm has ensured its clients have access to some of the best CPA in Mississauga, Ontario.

As a fresh graduate, saving for the future can be hard to envision. But being money-wise in these earlier years can have exponential pay-offs in your later years. According to experts, avoiding several spending traps when you're early in your career can help set you up for a more stable financial future.

You filed your return on time, but now you have received a letter from the Canada Revenue Agency (CRA) asking for more info about the return. Should you be concerned? Not necessarily. As long as you have kept the information the CRA needs to review, the process can be smooth and headache free. Here’s what you need to know.

It's no secret that the Canadian real estate market has been cooling down as of late. Prices in major city centres like Toronto and Vancouver have been falling for months, and there's no end in sight.

Many experts are predicting that the market will continue to decline for the foreseeable future. While this may be bad news for sellers, it's actually good news for buyers who have been priced out of the market for years.

If you’ve spent all of your monthly income before receiving the next one, you’re living “paycheck to paycheck”. It is a financial position that refers to having no savings from the take-home pay. It simply means you’ll spend everything you earn and will be left with nothing to save or invest.

The holiday season is the best time for your heart but the heaviest for your pocket. A certain event might bring uncertain expenses and cause stress for you. An effective way to avoid anxiety and enjoy the moment is to build a holiday budget that works every time.

Several factors have contributed to the recent rise in inflation. COVID and the subsequent supply chain disruption and labour shortages have driven higher prices for staples such as furniture, cars, gas and food, while the Russia-Ukraine crisis has had an additional impact on oil and gas prices.