What is an Information Memorandum (CIM)?
An information memorandum, also called a confidential information memorandum or CIM, is the formal document prepared by the seller to present the […]
What are Indemnities?
Indemnities are contractual obligations in a purchase and sale agreement that require the seller to compensate the buyer for specific losses arising […]
What is Intangible Capital (the 4Cs)?
Intangible capital is the collective term for the four non-financial value drivers, human, structural, social, and customer capital, that determine how much […]
What is an Income Replacement Strategy?
An income replacement strategy is the plan for how income, dividends, and financial benefits provided by a business will be replaced after […]
What are Intercompany Transactions?
Intercompany transactions are financial dealings between two or more entities under common ownership, including management fees, loans, shared services, and asset transfers, […]
What is the Interest Coverage Ratio?
The interest coverage ratio measures how many times operating earnings cover interest expense, a key indicator of whether the business can comfortably […]
What are Instalment Penalties?
Instalment penalties are interest charges the CRA imposes when required tax instalments are paid late, short, or not at all, calculated from […]
What is Income Splitting?
Income splitting is the practice of directing corporate income to family members in lower tax brackets to reduce the household’s overall tax […]
What is an Income Statement?
The income statement shows revenue, costs, and expenses over a specific period and produces a net profit or loss figure that indicates […]