Publications by topic
Articles and perspectives from Sheldon & Xu CPA.
41–50 of 51 articles
The Bank of Canada’s first-quarter 2024 business survey showed tentative improvement but continued soft demand. Owners could use that signal to make the second-quarter cash plan more resilient.
Businesses that applied through their CEBA lender by January 18, 2024 had until March 28 to complete qualifying repayment. The remaining decision still required a liquidity comparison.
Before the Bank of Canada’s March 6, 2024 decision, owners could improve planning by testing debt service, customer demand and investment assumptions without trying to predict the announcement.
A profitable business can still run short of cash. Learn which working-capital movements, commitments and warning signs owners should review each month.
The Bank of Canada’s fourth-quarter 2023 survey pointed to softer demand, easing labour shortages and continued wage pressure. Here is how owners could translate that into decisions.
The CEBA forgiveness deadline required more than a repayment decision. Business owners also needed to compare liquidity, refinancing costs and the value of forgiveness.
As we edge closer to the end of 2023, it's crucial for businesses to stay informed about tax planning strategies. This year has brought several changes and opportunities in the realm of tax planning, including adjustments in deadlines, new legislative measures, and…
Canada's approach to taxing its residents on worldwide income, as stipulated in the Federal Income Tax Act (ITA), extends beyond domestic borders. Today, we will focus on ITA's "specified foreign property" (SFP) reporting regime. It's crucial to note that separate rules apply…
The income statement explains performance over a period, while the balance sheet shows what the business owns, owes and has accumulated at a point in time. Reading them together gives owners a clearer view.
Profit measures accounting performance, while cash reflects the timing of collections, payments, financing, investment and owner withdrawals. Understanding the difference helps prevent avoidable cash shortages.
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