Posts

RRSP savings

April tax news: RRSP vs. TFSA benefits, gains and losses on personal property–and more

RRSP VS. TFSA – WHICH IS BETTER? This is a question that comes up regularly in financial planning and tax planning circles. But before we attempt to answer the question, we need to know the difference in the tax treatment between these plans. Although some commentators call the first 60 days of the year the […]

inflation graph

10 ways to mitigate the business impact of inflation

Businesses across Canada that navigated the pandemic storm and thought they were in the clear soon faced another major challenge: widespread inflation. Rising prices have impacted the cost of everything from labour and materials to machinery and services across sectors. The latest Statistics Canada data puts the official inflation rate at 5.7 per cent year […]

Chefs Kitchen

The collapse of Jamie Oliver’s restaurant empire reveals the naked truth about over-expansion

You have to feel for Jamie Oliver. The British celebrity chef has endeared himself to audiences the world over with his innovative twists on everything from traditional English fare to Italian staples. He’s advocated tirelessly for improvements to school cafeterias and nutrition for children. His restaurant Fifteen was designed to teach cooking skills to troubled […]

The 5 most common cash flow challenges for entrepreneurs

There are plenty of reasons why small and medium-sized businesses (SMEs) succeed in their respective marketplaces, but perhaps even more why they don’t. From developing products and services that their target clientele really doesn’t need, to strategic miscalculations, Canadian SMEs face a raft of obstacles to achieving business success. There’s one challenge that can be […]

How to position your firm (financially) to attract third-party investment

If there’s one goal shared by all investors, it’s the obvious desire for a substantial return on any investment they make. For entrepreneurs, investors are a lifeline of both funding and in some cases even insights and support (be it direct or indirect) in the drive to make their organizations a success. Many business owners […]

10 questions to ask before purchasing a dental practice

For medical professionals such as dentists, acquiring an existing practice often makes more financial sense than launching one from scratch. Why? Put simply, an existing practice delivers instant cash flow which can be used to pay debt associated with the purchase, while still leaving ample funds in your pocket. Those who choose to launch a […]