Wealthsimple just launched no-fee spending account with 2.4% interest; next step, credit

Wealthsimple Inc CEO Mike Katchen talks to the Financial Post’s Larysa Harapyn about how his company wants to become Canadians’ primary financial relationship including, investing, spending and saving, credit and insurance. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/wealthsimple-just-launched-chequing-account-with-2-4-interest-next-step-credit

This couple’s dream of a lavish retirement looks hopeless, but they can still make ends meet

Situation: Couple wants to spend more in retirement than present resources can support Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/family-finance/this-couples-dream-of-a-lavish-retirement-looks-hopeless-but-they-can-still-make-ends-meet

The CRA just redesigned the T1 Personal Income Tax return form and there are some major changes

Tuesday marked an auspicious day for tax professionals as it was the release date of the highly anticipated and totally redesigned T1 Personal Income Tax return that we’ll be using to file our taxes for the 2019 tax year. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/taxes/the-cra-just-redesigned-the-t1-personal-income-tax-return-form-and-there-are-some-major-changes

George Soros commits $1 billion to start global university to fight climate change

Billionaire George Soros said he was committing US$1 billion to start a global university to fight climate change and nationalist governments. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/high-net-worth/george-soros-commits-1-billion-to-start-global-university-to-fight-climate-change

These unfair tax policies are putting a burden on women and seniors and need to be changed now

Here’s a scenario I’ve seen several times in my career as a wealth manager. A retired couple that receives two full CPP payments and two full Old Age Security (OAS) payments is able to fully split their income for tax purposes. Then one spouse dies. The survivor only receives one CPP payment, no OAS, and often has a higher tax rate on less family income because they now have one combined RRIF account that must withdraw more funds on a single tax return. It hardly seems fair, because it isn’t. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/retirement/these-unfair-tax-policies-are-putting-a-burden-on-women-and-seniors-and-need-to-be-changed-now

Talk about Blue Monday: Canadians haven’t been this pessimistic about debt in two years as ’hopelessness’ builds

Canadians are increasingly pessimistic about household debt, with one in five saying it is worse than it was five years ago and fewer confident it will improve in the year ahead, according to a new poll. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/debt/talk-about-blue-monday-canadians-havent-been-this-pessimistic-about-debt-in-two-years-as-hopelessness-builds

This couple is grappling with a late-career layoff, but their retirement is more secure than they think

Situation: Unexpected layoff from engineering job cast’s shadow over couple’s retirement plan Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/family-finance/this-couple-is-grappling-with-a-late-career-layoff-but-their-retirement-is-more-secure-than-they-think

If Harry and Meghan become residents of Canada, they’ll have to deal with CRA’s dreaded form T1135

While it appears that Prince Harry and Meghan Markle will be coming to Canada for “a period of transition,” it’s unclear yet as to whether they will continue to divide their time between England and Canada or take up residency here. If they ultimately are considered residents of Canada for tax purposes, not only will they be required to file Canadian tax returns but they would be required to disclose all their foreign (i.e. non-Canadian) investment property to the Canada Revenue Agency on form T1135. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/taxes/if-harry-and-meghan-become-residents-of-canada-theyll-have-to-deal-with-the-cras-dreaded-form-t1135

Where is your money going? Try the 30-day anti-budget to rein in your spending

Personal finance educator Kelley Keehn talks to the Financial Post’s Larysa Harapyn on how paying attention to your money can save hundreds, maybe even thousands a year. Read More

from Personal Finance – Financial Post https://business.financialpost.com/personal-finance/where-is-your-money-going-try-the-30-day-anti-budget-to-rein-in-your-spending

The Basics of Business Valuation

Sridip Mukhopadhyaya Finance Header 7

Whether you’re looking to buy a business, sell your stake in one, or simply know what one’s worth, proper business valuation is essential. That said, far too many people are unfamiliar with the practice and the benefits it can bring them. So what is business valuation all about, and how can it help you make the right business calls?

Evaluating a Business

To begin with, business valuation means taking into account the different factors that make a business valuable in the first place. This can include everything from the physical office space and fixed assets owned by the company to its cash flow and clientele to its potential for expansion in the marketplace. If it can somehow help expand your business, chances are that it factors into the business valuation equation.

That said, business valuation is as much an art as a science and thus as much educated guesswork as it is predictive. Treat business valuations as a general weather forecast rather than a crystal ball.

Valuation Criteria

Some of the most important criteria to be taken into consideration in the course of a standard business valuation include the following:

  • A company’s ability to capitalize on an active market and corner even more of that market share for themselves, either by outright expansion or by taking over or merging with competitors
  • Calculating revenue streams and extrapolating future earnings from that
  • Looking at the books and calculating a company’s value based on what the balance sheets say
  • Looking at liquidation possibilities and determining how much liquid capital could be extracted from the company in the event that it was liquidated

You’ll also want to make sure that you are having an accredited firm valuing your business. Those holding a certificate denoting them as Accredited in Business Valuation (ABV) are your best bets here for accurate estimates from trained estimators. Accountants and other trained business analysts are a great place to start when looking for these services.

Your company and future are worth something.

Find out how much with the help of a properly accredited business valuation expert.

from Sridip Mukhopadhyaya | Finance https://sridipmukhopadhyaya.com/the-basics-of-business-valuation/

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