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Fraud: Make sure the board is drinking their morning coffee

Fraud: Make sure the board is drinking their morning coffee
September 18, 2020

Jane woke up early on a Sunday morning and decided she was going to get as many errands done as possible to prepare for the upcoming vacation. She decides to look for the forms to renew her passport. She starts her coffee brewing and sleepily googles “passport renewal” and clicks on the first link. It looks like a government website (It has the mini Canadian flag in the corner and appears professional) and it indicates that she can apply online. She types her personal information into the form. It asks for banking information so they can charge her directly from the website. Submit.

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Ask the Expert: Canadian Emergency Business Account (CEBA)

Ask the Expert: Canadian Emergency Business Account (CEBA)
September 14, 2020

The CEBA was created to assist small businesses, not for profits and charities through the current economic environment and to help them rebuild sooner. The CEBA was created to help pay for non-deferrable expenditures and restricts spending to things like payroll, rent, utilities, insurance, property tax, or regular debt payments. It cannot be used for certain capital transactions or increasing remuneration – it is best to think of the CEBA as an emergency response tool.

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RLB Fall Webinar Series: Personal Real Estate Incorporation

RLB Fall Webinar Series: Personal Real Estate Incorporation
September 14, 2020

In March of 2020 Bill 145- Trust in Real Estate Services Act was introduced to Parliament. While this is still in the process of being fully approved and put into action it does mean change is on the way for how we do business in terms of Real Estate. Specifically speaking, this will allow realtors and brokers to incorporate their businesses which will allow the business to operate as its own legal entity.

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Ask The Expert: Why does our organization now have to start recording its capital assets?

Ask The Expert: Why does our organization now have to start recording its capital assets?
September 9, 2020

Question: Why does our organization now have to start recording its capital assets?

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Succession: Summary for Success

Succession: Summary for Success

Planning is always the key to success in any endeavour and succession is no different. The well-planned transition of your business can benefit you financially while also providing you with peace of mind that your business will become your legacy.

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Succession: What are my options?

Succession: What are my options?

Business owners work for years to build up a business that they are proud only to come to the grim realization that they will be walking away from it all upon retirement. But transitioning the business doesn’t have to be a scary thing when you know what options are available. With appropriate planning, the transition of both management and ownership can happen over time, allowing the business to continue to evolve with a contribution from both the old and new owners.

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Succession Part IV: Where should I start?

Succession Part IV: Where should I start?

Succession Part IV: Where should I start?

Succession Part IV: Where should I start?
September 2, 2020

Succession Part III: When should I start planning?

Succession Part III: When should I start planning?
September 2, 2020

Succession Part II: Why bother planning?

Succession Part II: Why bother planning?
September 2, 2020

When you started your business, you had a vision, goals and dreams. As your business grew and changed, a strategy and plan evolved. Whether these plans were formal or highly informal, you had some sense of the direction you wanted your business to take. All too often, exiting your business doesn’t get that same attention. It can be easy to put off succession planning for a myriad of reasons; however it is important to create an adaptable plan and get everyone (family, partners, and key employees) on board. This will help to maintain the value of the business, maximize your retirement fund and protect your legacy.

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