Ideas & perspectives
Accounting, tax and business perspectives
from Sheldon & Xu CPA.
121–130 of 161 articles
Before the June 2024 rate announcement, businesses could identify variable-rate exposure, refinancing dates and customer sensitivity without trying to predict the Bank of Canada.
GST/HST errors often accumulate quietly through coding, exempt activities and missing invoice support. A monthly control process can identify them before a return is filed.
A credible SR&ED claim begins with records created during the work—not a year-end reconstruction of what engineers and developers remember.
A renewal is not merely an interest-rate comparison. Owners should model payment changes, covenants, security and the cash required under a slower operating case.
System-wide risks are outside an owner’s control, but liquidity, customer concentration, debt maturity and operating reserves are manageable.
A holding company can support investment, risk and succession objectives, but it adds tax, legal and administrative complexity that should be modelled first.
Budget 2024 changed the questions surrounding a business sale. Owners needed to separate inclusion-rate proposals, the LCGE, share qualification and commercial readiness.
A useful pre-Budget review starts with transactions already being considered. It helps owners distinguish meaningful tax changes from announcements that do not affect their decisions.
Before the Bank of Canada’s April decision, businesses could prepare by testing debt service, sales volume and pricing assumptions rather than trying to predict the rate announcement.
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.
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