Canada’s Tax Gap: Up To $11B In Taxes Avoided In The Year 2014

Papers about tax evasion on a desk. Tax avoidance concept.

In a recent news release (June 2019) Canada Revenue Agency commented on something they refer to as a “tax gap”. According to CRA, the gap is the amount of unpaid income tax.  The recent report focuses on the 2014 tax year and their estimate that between $9.4 billion and $11.4 billion is owed to ...

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Don’t Underestimate the Importance of Tax Planning

Blackboard Business Strategy Concept

Taxes are a tricky business, making tax planning an essential tool for any business to plan ahead effectively. Regular tax planning can help business owners lower the amount of taxable income, reduce the tax liability, and gain more control of when taxes are paid. At Sloan Partners, we see ...

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Think Twice Before Leasing That High-End Vehicle

Halifax, Canada - July 29, 2018 - Porsche 911 Carrera S at the Porsche of Halifax dealership on Kempt road in Halifax's North End.

If your business has not received a letter from the CRA reviewing your Corporation’s automobile expenses, one may be coming soon.  Hot on the heels of this summer’s Truck and SUV project, CRA has begun its vehicle expense project. What are the consequences? The goal of the vehicle expense ...

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Client Spotlight: The Accountant’s Coach

Client Spotlight - Frank Kreze

One of Sloan Partners’ valued clients is also their valued advisor and management training partner. LMI Canada is a coaching and leadership organization, focused on improving communications, productivity and goal setting. In a win-win situation, LMI Canada came to realize that their financial ...

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CRA Is Attacking Family Trusts But Significant Opportunities Remain

Financial Advisor Talking To Senior Couple At Home

Background Family Trusts are a powerful and effective financial planning and asset protection tool. Traditional reasons for creating a trust include will and succession planning, asset and legal liability protection, and asset administration. However, Trust has evolved as a tax planning and ...

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Breakfast Event (May 22nd) – Doing Business in the UK: Today and Tomorrow

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Business is better when it’s done together. You don’t have to navigate the UK alone! Despite the ongoing turmoil surrounding the lack of certainty with Brexit, Britain doesn’t seem to be putting off foreign investors. Britain is the top investment destination in the world for the first time in ...

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Ontario Budget Commentary – How Will You Be Affected?

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Contents Overview Business Income Tax Measures Personal Income Tax Measures Estate Administration Tax Other Measures Overview The Ontario Government plans to spend more than they’ll earn in revenue during 2019-2020 resulting in a deficit of $10.3 billion. There are no changes in corporate or ...

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Cervélo Cycles: Riding Entrepreneurial Success

Client Spotlight v1

The story of Cervélo Cycles is not unlike many other entrepreneurial success stories, whose founders combined a deep-rooted passion and a killer work ethic to succeed against the odds to create a meaningful business. Long-time Sloan Partners client Anna Dopico left behind her career in finance ...

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Federal Budget – How Will You Be Affected?

Federal budget 2019

Contents Overview Business Income Tax Measures Personal Income Tax Measures Pension Plans International Tax Measures Sales & Exercise Tax Measures Administrative Matters Previously Announced Income Tax Measures Overview Finance Minister Bill Morneau’s message in Budget 2019 is that, thanks ...

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Canadian Cycling History

To Make Riders Faster

  In 1995, Phil White and Gerard Vroomen met in a composite materials lab while pursuing advanced engineering degrees at McGill.  In 1996, they founded Cervélo Cycles Inc.  Cervélo was a significant disrupter and innovator while developing breakthrough technology and became one of the ...

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