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The Costs of Insolvency

As previously mentioned, insolvency and/or financial difficulties rarely happen unexpectedly. Several signs warn business leaders that such a situation is on its way. Unfortunately, these signs are frequently ignored. Often, management allows the situation to deteriorate without making financial diagnostics. The line of credit is being used at full capacity, payments to vendors are stretched […]

New Quebec Tax Measure to Support Quebec Businesses

In an attempt to support Quebec businesses against the recently imposed tariffs announced by the Trump government in the United States, the Quebec government, on August 15th 2018, introduced two new measures, a temporary increase in the tax credits for investments in manufacturing and processing equipment and an acceleration in the reduction of Health Services […]

Slippery slope? Be aware of the warning signs!

The Insolvent

Leaders often refuse to face the fact: their business is on the brink of a financial abyss. This situation materializes over time and rarely unexpectedly; it is often the result of several months of carelessness and tolerance. In this regard, the first signs of a crisis need to be addressed as quickly as possible when […]

Our Top 5 measures from the 2018-2019 Quebec Budget

FL TOP 5 QC BUdget

QST Foreign corporations: Tax fairness As of January 2019, foreign corporations without an establishment in Quebec, NETFLIX as an example, will be required to register and collect the 9.975% sales tax on taxable intangible goods and services to any consumers with a Quebec address. Moreover, Canadian corporations without an establishment in Quebec must do the […]

Family (Business) Matters

A family business or a family owned business may be defined as any business in which two or more family members are involved and the majority of ownership or control lies within a family (source: inc.com). 80% of all Canadian businesses are family-owned. But did you know that family businesses financially outperform non-family businesses?  One […]

2018 CPA Recruit Award: FL’s Sara Halickman Stands Out Among her Peers

It is with great pleasure that we wish to announce that FL Fuller Landau’s Audit Manager Sara Halickman has been awarded the 2018 CPA Recruit Award of the Order of Chartered Professional Accountants of Québec. This well-deserved award recognizes Sara’s outstanding energy, determination and achievements, as well as her active contribution to the outreach of the CPA […]

Our Top 5 Measures from the 2018 Federal Budget

1. Refundable Corporate Taxes Under Canada’s corporate tax system, a portion of the tax that a corporation pays on investment income is refunded to the corporation when it distributes the income to its shareholders as a dividend. To eliminate perceived abuse by corporations that earn both business and investment income, the refundable tax system will […]