What is Bridge Financing?
Bridge financing is short-term funding used to cover a defined gap between now and a known future event, such as an asset […]
What is the Business Development Bank of Canada (BDC)?
The BDC is a federal Crown corporation that provides financing, advisory services, and venture capital to Canadian businesses, with a focus on […]
What is Asset-Based Lending?
Asset-based lending is a form of business financing where the loan is structured around the value of specific assets, receivables, inventory, equipment, […]
What is Accounts Receivable Financing?
Accounts receivable financing is a funding arrangement where a business borrows against or sells its outstanding invoices to access cash before customers […]
What are Financial Statements?
Financial statements are the three core reports, the income statement, balance sheet, and cash flow statement, that together give a complete picture […]
What is Undepreciated Capital Cost (UCC)?
Undepreciated capital cost is the remaining tax value of a depreciable asset after CCA deductions have been claimed, the balance the CRA […]
What is Tax Planning?
Tax planning is the proactive structuring of business and personal affairs to minimize tax owed within the law, the difference between paying […]
What is Tax on Split Income (TOSI)?
TOSI is a set of rules that applies the highest personal marginal tax rate to certain income received by family members from […]
What is Tax Deferral?
Tax deferral is the strategy of delaying when tax becomes payable, allowing money to remain in a corporation or a tax-sheltered structure […]
What is a T2 Corporate Tax Return?
The T2 is the annual corporate income tax return that Canadian corporations must generally file with the CRA, regardless of whether the […]
What is the Small Business Deduction (SBD)?
The Small Business Deduction is a federal tax reduction that lowers the corporate tax rate on active business income for Canadian-Controlled Private […]
What is a Shareholder Loan?
A shareholder loan is money borrowed from or lent to a corporation, and the CRA monitors it closely to ensure it is […]