by northnet | Nov 17, 2021 | Current & Topical, Tax Services
All corporations incorporated in Ontario are required to file an Annual Return with the Ontario government within six months after the end of each tax year. This filing requirement is in addition to a requirement to file any income tax returns. The Annual...
by northnet | Oct 22, 2021 | Current & Topical
In response to the COVID-19 global pandemic, the federal government rolled out a number of support programs over the last 18 months such as the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS), Lockdown Support and Canada Recovery Hiring...
by northnet | Oct 21, 2021 | Current & Topical
BackgroundFor decades, income tax legislation has made it difficult to sell your small business or family farm to a family member and still get concessional tax treatment for the seller. Under legislation that previously stood, if you sold your business to an arms’...
by northnet | Feb 11, 2014 | Tax Services
Stock options are a popular way for companies to attract and retain key employees. So what happens when an employee is granted stock options by a Canadian-Controlled Private Corporation (“CCPC”)? There are no tax consequences to the employee when the stock options...
by northnet | Jan 21, 2014 | Business Advisory Services
Purchasing a business can be a time-consuming and stressful event for any business owner, even those who have already run businesses before. Here are a few things that are often forgotten but best remembered. It always takes longer than you think it will –...
