What you need to know if you’re selling your business

You need to increase profitability, get the business to run without you, start planning and be creative

What you need to know if you’re selling your businessForty-one per cent of businesses in North America are owned by baby boomers between 55 and 75 years old. These people are actively thinking about retirement and how they will get their money out of the business. Research shows that, in many cases, up to 90 per cent of a business owners’ equity is tied…

How to manage your finances in the time of COVID-19

An accounting expert offers a wealth of advice – starting with not letting your net worth define your self-worth

How to manage your finances in the time of COVID-19People struggling to pay their debts in a crippled COVID-19 economy can’t avoid tough choices but shouldn’t let it crush them, says a University of Alberta financial expert. Feelings of fear, frustration or shame can overwhelm the clear-headed thinking needed to tackle tough times, but try not to internalize it, advised Mike Maier, an accounting…

CPP doesn’t need to be overhauled, it needs to be killed

When it comes to how and how much workers should save for retirement, the federal government doesn’t know better than Canadians themselves

CPP doesn’t need to be overhauled, it needs to be killedAs the calendar flipped to 2020, the federal government again made the Canada Pension Plan (CPP) tax more expensive, even though CPP doesn’t help the economy or workers. The combined employee and employer contribution rate has risen from 10.2 per cent in 2019 to 10.5 per cent this year, while the maximum taxable amount (but…