We have set the scene on the importance of mastering the bottom line. Delving deeper, we’re turning the spotlight onto revenue growth, a key player in the profitability theater. Why Prioritize Revenue Growth? 1. Brand Recognition: Heightened revenue typically echoes wider market capture and amplified brand visibility. 2. Investment Potential: A trajectory marked by consistent […]

As the business landscape continues to evolve, understanding the intricacies of profitability becomes paramount for companies, big or small. At GBA LLP, we stand at the crossroads of tradition and innovation, dedicated to empowering entrepreneurial spirits across Canada. Thus, it’s only fitting to embark on a journey exploring the foundational pillars that bolster a business’s […]

Taxation laws in Canada have witnessed a myriad of changes over the years, with the recent Federal Bill C-32 emerging as a pivotal development. Officially known as the Fall Economic Statement Implementation Act of 2022 and given royal assent on December 15, 2022, Bill C-32 aims to implement the proposals from the 2018 federal budget. […]

Canada’s financial landscape is constantly evolving, and as tax professionals, it’s our duty to stay ahead of these changes to provide the best advice to our clients. One of the most significant changes to surface recently pertains to the Alternative Minimum Tax (AMT). With the 2023 budget proposing substantial adjustments to the AMT regime, it’s […]

Greetings, readers! As part of GBA-LLP’s commitment to providing crucial financial insights to businesses, we bring you an updated guide to the Canada Emergency Business Account (CEBA). With the loan repayment deadline looming, many businesses are feeling the pressure. The primary question on their minds is: what happens to the loan balance if the non-forgivable […]

Introduction: Welcome to another edition of the GBA-LLP.ca Education Series for Special Tax Topics. In today’s article, we delve into the important role of an executor in Canadian estates. Executors play a crucial role in managing and distributing assets after someone passes away. While there is much we know about this responsibility, there are also […]