Bill C-208 – What It Means for You

Bill C-208 – What It Means for You

As a small business owner, you may have heard about some of the recent changes to our Canadian tax laws that stem from Bill C-208, a private member’s bill that passed in the House of Commons recently. The bill, which was granted Royal Assent on Tuesday, June 29,...
Value vs. Price – What is the Difference?

Value vs. Price – What is the Difference?

In the context of business valuations, “Fair Market Value” is defined as the highest price that a business would fetch in an open and unrestricted market between informed and prudent parties, acting at arm’s length, neither party being under any compulsion to buy or...
What is Goodwill?

What is Goodwill?

If you are thinking about buying a business, it is likely that you have heard the term “Goodwill” used often, but may be wondering what exactly it is and how it will impact your business purchase. When buying a business, you typically pay a set amount for the entire...
6 Ways to Exit Your Business

6 Ways to Exit Your Business

As a business owner, it is important to prepare well in advance for your exit from the business. One of the most important decisions you will make during the exit planning process is how you will exit your business. No matter which way you choose to exit the business,...