Financial Tips
Cash vs. Profit: Why Your Business Can Be Busy but Broke
Givens LLP > Financial Tips Cash vs. Profit: Why Your Business Can Be Busy but Broke Givens LLP | May 28, 2026 SHARE For many business owners, a growing sales pipeline and a packed schedule feel like clear signs of success. Customers are buying, projects are moving forward, and revenue is coming in. Yet despite all…
Read MoreKeeping It in the Family: Tax Planning Strategies for Business Succession
Givens LLP > Financial Tips Keeping It in the Family: Tax Planning Strategies for Business Succession Givens LLP | April 28, 2026 SHARE Passing a business to the next generation is rarely about an immediate exit. For most Alberta family-owned businesses, succession is focused on continuity, control, and long-term planning rather than a traditional sale for…
Read MoreCharitable Donations: Understanding the Tax Advantages
Givens LLP > Financial Tips Charitable Donations: Understanding the Tax Advantages Givens LLP | March 26, 2026 SHARE As the year progresses, many Canadians begin to consider giving back, whether by supporting a cause they care about, addressing a need within their community, or making a meaningful year-end donation. Choosing where to donate is…
Read MoreExit Planning 101: What Business Owners Should Start Doing 5 Years Before a Sale
Givens LLP > Financial Tips Exit Planning 101: what business owners should start doing 5 years before a sale Givens LLP | February 19, 2026 SHARE For many Canadian entrepreneurs, their business is their biggest asset—and often their retirement plan. Yet most owners don’t begin thinking seriously about their exit until a sale or…
Read MoreCanada’s 2025 Federal Budget: Key Tax Updates and What They Mean
Givens LLP > Financial Tips Canada’s 2025 Federal Budget: Key Tax Updates and What They Mean Givens LLP | January 21, 2026 SHARE On November 4, 2025, Canada’s federal government introduced its 2025 Budget, focusing on several personal tax measures that affect both individuals and organizations—especially those with globally mobile employees. Below is an…
Read MoreThis Tax Season, Avoid Costly Mistakes with Expert Guidance
Givens LLP > Financial Tips Solving Common Financial Management Challenges in the Construction Industry Givens LLP | February 27, 2025 SHARE Tax season in Canada is upon us. At Givens LLP, we understand the complexities of the Canadian tax system and the importance of accurate tax filing. We’ve observed common mistakes leading to Canadians…
Read MoreSolving Common Financial Management Challenges in the Construction Industry
Givens LLP > Financial Tips Solving Common Financial Management Challenges in the Construction Industry Givens LLP | January 27, 2025 SHARE Managing accounting and finances in the construction industry is a demanding task. From juggling multiple projects to navigating fluctuating costs, construction companies often face a complex financial balancing act. Overcoming these challenges is…
Read MoreWhy Correctly Recording Shareholder Loan Payments is Crucial for Business Owners
Givens LLP > Financial Tips Why Correctly Recording Shareholder Loan Payments is Crucial for Business Owners Givens LLP | October 29, 2024 SHARE For many small business owners, especially those who are also shareholders, it’s not uncommon to draw money from the business to cover personal expenses. Whether it’s to cover an emergency or…
Read MoreUnderstanding the CRA’s Capital Gains Changes & Their Impact on Your Business
Givens LLP > Financial Tips Understanding the CRA’s Capital Gains Changes & Their Impact on Your Business Givens LLP | Sept 27 2024 SHARE The Canada Revenue Agency (CRA) has recently announced changes to the capital gains tax, igniting significant discussions among business owners, investors, and tax professionals. The most striking of these changes…
Read MoreMaximizing Your Side Hustle: Tax Implications and Best Practices
Givens LLP > Financial Tips Maximizing Your Side Hustle: Tax Implications and Best Practices Givens LLP | Sept 27 2024 SHARE In Canada, side hustles have become a popular way to supplement income, whether through freelancing, selling goods online, or driving for rideshare platforms like Uber. However, earning extra income also comes with important tax…
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