small business

Maintaining Positive Cash Flow for Your Small Business

Maintaining a positive cash flow is crucial to the success of your business. But what exactly is cash flow and how can you ensure yours is healthy? Here’s a primer on cash flow: what it is, how it works, and how you can use it to better your financial standing.

Earning Passive Investment Income Inside Your Company

In 2017, the federal Liberal government sent shock waves rippling through Canada’s small business and corporation owners with the announcement of their intention to make certain changes to how passively held income within a private company is taxed. After their initial proposal faced some harsh feedback and criticism, the government took a period of time to closely examine their desired changes and refine the plan’s focus and scope. These changes will come into affect in 2019, so here is a brief summary of what private corporation owners should be expecting as well as some possible strategies to mitigate the impact.