Financial

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Can CRA Seize Life Insurance Proceeds to Pay Deceased’s Tax Liability?

The CRA (Canada Revenue Agency) is given some powers under the Income Tax Act to satisfy the tax debts of an individual out of property that they transferred to a non-arm’s

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Vicarious Liability for Unpaid Taxes in Canada

If you or your firm can’t pay for your provincial or federal taxes, this article is for you. The Canadian provincial and federal taxing statutes can impose secondary or vicarious

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What to Do If You Have a Poor Credit Score

Poor credit history can become your worst nightmare if you’re in a financial crunch and need a loan to get out of it. That’s when you realize how irresponsible overspending

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Averting the Risk of Foreclosure: 3 Tips

When you seek a bank loan to purchase a house, you’re expected to pay the mortgage installments within the grace period. Failing to do so eventually leads to a foreclosure:

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A Business Owner’s Guide on Minimizing Taxes When Transferring Shares

When you run an incorporated business, a shareholder register specifies how the shares of your business are divided and classified. If you plan on transferring any of these shares, you

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5 Situations When a Company’s Valuation is Necessary

Your entrepreneur friends have talked about availing company valuation services, and you’re considering them too. But do you really need a company valuation right now? This article answers this question

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The 3 Fundamental Valuation Approaches: Pros and Cons

Are you getting an equity valuation done to know the value of your business or another target company? There are several business valuation methods out there, and each has its

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What is a TFSA & How Does It Work?

In 2008, the Canadian government introduced a new form of personal savings tool: the tax-free savings account. January 2009 onwards, Canadians began using this valuable financial tool to build their

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5 Benefits of a Startup Valuation after the First Year

Startup valuation might seem worthless right after the first year. However, a startup valuation is highly crucial to your business’s growth. This article explores how a startup valuation after the

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Why You Should Consider Working with a Private Lender

Private lenders are slowly gaining more popularity over banks and other financial institutions due to the leverage they provide. Different businesses have specific requirements for their loans, each with different