Chapter 15: Financial Planning for Small Business

In this section

• Forms of Business Entities
  Discover the key characteristics, benefits, and drawbacks of various Canadian business structures, including sole proprietorships, partnerships, corporations, and cooperatives, and learn how to select the right entity for your unique financial planning goals.
• Business Valuations
  Explore the fundamentals of business valuations, including asset, income, and market approaches, their advantages, and practical examples within the Canadian context.
• Employment Law
  A comprehensive guide to Canadian employment law essentials for small business owners, covering crucial topics like employment standards, OHS, human rights, and contracts.
• Business Taxation
  Learn the essentials of corporation tax, GST/HST, payroll levies, and provincial obligations to optimize after-tax income and ensure compliance in Canada.
• Death of the Business Owner — Estate Freezes
  Learn how an estate freeze can help business owners lock in current share values, minimize capital gains taxes, and plan for the smooth transfer of ownership to future generations.