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The True Cost of Hiring: What Every Business Owner Should Consider
Hiring a new employee is often a sign that your business is growing. It means more capacity, additional expertise, and the opportunity to better serve your clients. But before making that investment, it’s important to understand what a new hire really costs. Many
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Growing Pains: How to Scale Your Business Without Breaking It
Business growth is exciting, and often hard-earned. Whether you’re signing new clients, entering new markets, or scaling operations, growth signals success. But if your financial operations don’t scale alongside your sales, that excitement can quickly turn into
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Planning for Death and Taxes – Incorporating Your Investments
As personal and corporate tax rates have fluctuated in recent years, incorporating investments has become an attractive option for Ontario residents holding sizeable portfolios. There are a number of potential advantages to holding investments in a company rather than
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Tuition Savings Strategies for Business Owners
No matter how you slice it, paying for college or university tuition is costly. According to Statistics Canada, the average undergraduate paid $7,076 in tuition for the 2023-2024 school year. A BMO Wealth Institute study estimates that the cost of a four-year degree
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Should you incorporate your professional practice?
Depending on your profession, you may be eligible to have a professional incorporation in Ontario. This article details the status of a number of such particular professions, some of the details behind the legislation that allows this (the Ontario Business Corporations
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Maximizing Legacy: Combining Estate Planning with the Donation of Shares in a Private Corporation
For successful business owners, donating shares in their private corporation to a registered charity can provide the opportunity to fulfil significant philanthropic goals. The charity can be either a charitable organization or a public or private foundation. When
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