by Marlin Lucuk | Jan 10, 2022 | Tax Planning
Each year hard-working, honest Canadians must navigate the neverending changes to personal tax filing. In this month’s blog, we present some simple strategies that can help income earners limit their tax exposure. Leveraging Debt Next time you’re making a large...
by Marlin Lucuk | Dec 20, 2021 | Corporate
Are mergers and acquisitions (M&A) part of your business’s growth strategy? M&A can serve as an opportunity to remove competition, improve operations, expand product lines, venture into new markets, secure valuable personnel, or acquire new technologies....
by Marlin Lucuk | Nov 15, 2021 | Tax Planning
If you’re an owner of a corporation, chances are you’ve received or will be receiving income from your business in the form of a salary, dividends or a combination of both. In this month’s blog, we compare the advantages and disadvantages of each compensation...
by Marlin Lucuk | Oct 19, 2021 | Corporate, Tax Planning
If you own and operate as an incorporated small business, you may be surprised to learn that the CRA may classify you as a Personal Service Business (PSB). Below we explore how a PSB is defined, its potential disadvantages to your corporation and simple tax planning...
by Marlin Lucuk | Oct 1, 2021 | Corporate
When it comes to opening a new business, there’s no secret, magical formula that guarantees success. After years working with and speaking to countless business owners in their first year, McNabb Lucuk LLP has learned a few simple strategies that can help set any...
by Marlin Lucuk | Aug 19, 2021 | Corporate
Options for Exiting A Business When it comes to closing or exiting a business, there are many factors to consider. You may be asking yourself: Is this the right time? Do I sell externally or internally? What are the personal tax implications of selling? We explore...
by Marlin Lucuk | Jul 20, 2021 | Corporate
If you’re considering or in the process of setting up a new Canadian Business, chances are you’ve come across the various types of shares and ownership structures. Below we’ll provide some clarity on their differences to help you make a more informed decision...
by Marlin Lucuk | May 31, 2021 | COVID-19, Tax Planning
The proposed 2021 Federal Budget offers a variety of changes that impact tax reporting. Below we highlight some of these changes and how they impact Canadian employees and individuals. If you have questions regarding the budget and how it may impact your situation,...
by Marlin Lucuk | Apr 13, 2021 | COVID-19
How COVID-19 Affects Your Business Taxes and What Relief is Available? COVID-19 has changed the way many businesses interact with their customers. This includes adjustments for countless Canadian employees who continue to navigate through reduced wages, occupancy,...
by Marlin Lucuk | Apr 5, 2021 | COVID-19
COVID-19 Relief Government Programs for Individuals and Businesses If you are like many business owners across Canada and around the world, you’ve likely been affected by COVID-19 over the past year. Impacts stretch from changes in staff and operations to government...
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