I saw a client last week, let’s call him Dave, who runs a successful IT consulting firm in Mississauga. Dave had been “drawing” money from his business account all year whenever he needed to pay his mortgage or buy groceries. Read More

I was sitting in my office recently with a tech founder named Sarah. Her corporation had just cleared its best year yet, and she was ready to start “levelling up” her long-term investments. Read More

Imagine you have spent twenty years building your business. You started in a garage, grinded through the lean years, and now you are finally ready to sell. You find a buyer, and they hand you a cheque for one million dollars. Read More

If you own an incorporated business in Canada, you are likely painfully aware of how hard it is to get money out of your company without the CRA taking a cut. Read More

When business owners restructure, incorporate, or transfer assets to a corporation, tax consequences can quickly become complex. One of the most valuable provisions available under Canadian tax law is the Section 85 rollover, which allows assets to be transferred to a corporation on a tax-deferred basis. However, this strategy must be executed carefully to avoid unintended tax liabilities. Working with an experienced Section 85 rollover accountant, such as Madan CPA, a Corporate Tax Expert, can help ensure the transaction is structured correctly and aligned with your long-term business goals. Read More