by Marlin Lucuk | Dec 15, 2023 | Corporate, Tax Planning
What is a Holding Company? A holding company owns a controlling interest in other companies’ outstanding stock, often referred to as “subsidiaries” or “holdings”. Owners are usually not involved directly in the day-to-day operations to produce goods or services of... 
by Marlin Lucuk | Jul 15, 2024 | Corporate
While many of our neighbours here in Grande Prairie, Alberta, may have just put away their personal tax returns from 2023, there are many small businesses with fiscal year ends that don’t line up with the calendar year. As a business owner, there are cash management... 
by Marlin Lucuk | Feb 15, 2024 | Corporate, Tax Planning
As Canadians begin collecting tax documents and preparing for annual filings, more will be reporting on trust arrangements thanks to new reporting requirements from the Canadian Revenue Agency. In this month’s blog, we’ll summarize what a trust is, what the reporting... by Marlin Lucuk | Mar 21, 2024 | Corporate
Cash flow management is essential for the livelihood of any business here in Grande Prairie and in Canada’s dynamic economic landscape. Whether a business is just starting or it’s time to optimize existing operations, implementing effective strategies to enhance cash... 
by Marlin Lucuk | Apr 15, 2024 | Corporate, Tax Planning
Grande Prairie is known for its entrepreneurial spirit. If you’re interested in launching a new idea, or you’ve grown your reputation as a solopreneur, your next step to contemplate could be incorporation. To determine if incorporation is the right choice for your... 
by Marlin Lucuk | Jun 11, 2024 | Corporate, Personal
The Federal budget has our local Grande Prairie investors and business community making noise. While increases to the Lifetime Capital Gain Exemption are welcomed, changes to the Capital Gains Inclusion Rate may hit harder for those looking to make a disposition after...