In November, the House of Assembly of Newfoundland and Labrador passed Bill 24, which set out amendments to the province’s Corporations Act (the “Act”). The amendments, which come into force 1 April 2022, are notable and require attention as they will impose new obligations upon most corporations incorporated in the province. In summary, the amendments: […]
Introduction New Brunswick’s Small Business Investor Tax Credit Act (the “Act”) was created to help New Brunswick businesses attract investors and encourage New Brunswick residents to invest in local businesses. Under the Act, the small business investor tax credit program (the “SBITC Program”) provides eligible investors a non-refundable provincial tax credit when they invest in […]
It’s exciting when your business grows beyond the family basement (or your dining room table) and is ready to take up commercial space of its own. Leasing space, whether a storefront or an office, is a sign of business legitimacy, sustainability, and growth. Like any contract, a commercial lease sets out the terms that the […]
Securing bank financing could very well be the springboard to take your business to the next exciting level. A personal guarantee may be a condition of that financing, but don’t be scared off. Knowledge and experienced guidance can help you work with the lender to take the business successfully forward.