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
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
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
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
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
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
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
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.
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/