Selling a business is a significant milestone for entrepreneurs, but amidst the excitement, it’s crucial not to overlook the tax implications that may come with it. This article will explore the key tax implications of selling your business in Canada, including determining taxable gain, capital gains tax, recapture of capital cost allowance, and GST considerations. …
Selling land can be a lucrative way to make a profit, but it’s essential to remember that any gains you make may be subject to tax. In Canada, capital gains tax can be a significant expense, with rates depending on your income and the provincial or territorial location of the land. You might wonder: how …
How Do I Avoid Capital Gains Tax When Selling Land? Read More »
Are you a commercial property owner looking to buy or sell? You might be wondering if you pay land transfer tax when selling. Land transfer tax is an expense that needs to be considered in any commercial real estate transaction. It’s vital to make a note of all financial requirements as both the purchaser and …
One of the most significant decisions a business owner must make is where to locate their operations. For many, this means deciding between leasing and buying office space. While both options have benefits and drawbacks, the choice ultimately depends on your company’s needs and financial situation. In this article, we’ll discuss the differences between leasing …
Whether you have a few coworkers or many employees, working in a small office space can be challenging for comfort and efficiency. One of the best ways to maximize your work atmosphere is to add some decor that reflects the character of your business and energizes those who work there. With that said, here’s how …
As a business owner, you may be looking for ways to make the most of your workplace to provide your employees with the best opportunities to be efficient and comfortable. If you’ve been wondering how to maximize small office space, look no further! Our guide outlines different options to help you achieve this goal and …
As a commercial real estate owner, you likely care about your return on investment. But how do you know if your purchase will bring the profits that match your goals? A cap rate is a metric often used to understand whether or not prospective investments are “good deals.” With that said, let’s dive into what …
Whether you are starting a new venture or want to transfer your existing business to a new location, it is crucial to understand the ins and outs of zoning, including its process and costs. Throughout your research, you might be interested to know: Can a residential property be used for commercial purposes? You’re not alone …
Canada’s restaurant industry is fiercely dynamic and competitive. In 2021 alone, over 95,000 food service and drinking establishments existed across the country. If you’re a restaurateur thinking about listing your business in Ottawa, here is a checklist for selling a restaurant which outlines what you need to consider to get the best deal out of …
Many believe that the real estate market is all the same. This mindset implies that once you have experience buying or selling homes and condos, you can easily start dealing with other kinds of property. Although money and ownership will exchange hands, this couldn’t be farther from the truth. This is especially true regarding vacant …
