Sarah started her nail spa shop from scratch in the early 1990s, after 20 years of hard work, the business has grown tremendously, and the shop is worth roughly about $500,000 today. Sarah is in her late fifties now and wants to sell her shop. What are the tax liabilities and how can she get…
One of the most frequently asked questions we got from new business owners is this: Should I incorporate my company? In Canada, you can run your business through the following three methods: 1. incorporate your business as a separate legal entity know as a company 2. keep it running as a sole-proprietor 3. partnership. In…
When we are facing a problem, sometimes, we are just heading towards the wrong direction to find the solution. We tend to complicate the problem rather than simply it. Just like this problem list below. Do not think too much when you are trying to solve it. It will only need 2 seconds to get…