This pandemic’s cold hard reality is that many Canadian small businesses won’t survive the economic fallout from COVID-19. Given the virus’ unprecedented circumstances and sometimes haphazard government support for small business owners, there was bound... Read more »
If your small business has run into financial trouble and you are not incorporated, bankruptcy can eliminate both personal and business debts. Personal vs Business Bankruptcy If you operate a small business as a self-employed... Read more »
Approximately 1 in 10 insolvencies we file are for individuals who are self-employed or operating a small business at the time they declare bankruptcy. For anybody who is contemplating declaring bankruptcy, there are numerous potential issues... Read more »
Are you self-employed and struggling with debt? A consumer proposal may be a good option for you. It’s a legal debt relief process intended for individuals who can’t pay the full amount of their debts,... Read more »
Transitioning from employee to consultant isn’t easy no matter how you get there. Some make a conscious decision to start up a business on their own, others shift into the role of consultant after a... Read more »
Many of us dream of having a challenging career, one where we are our own boss and enjoy what we do. Working for yourself can provide just those benefits, however, the potential rewards also come... Read more »
As our economy in Canada has evolved so has the nature of most people’s employment. Downsizing and outsourcing has become more prevalent, stable jobs have become more scarce, and more people are becoming self employed. While... Read more »
It’s not always common knowledge that personal bankruptcy or a consumer proposal can deal with tax debts that arise in the course of operating a small business. Here is one case study from our London... Read more »
Part of the reality of being a small business owner is that sometimes you’re stuck dealing with debt that can put your enterprise at risk. When the economy is shaky and people are tight with... Read more »
The Ontario Government made The Workplace Safety and Insurance Board (WSIB) coverage a mandatory requirement for most in the construction industry, including a self-employed contractor with no employees. This law requires these contractors to have... Read more »
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