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Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to be used to buy an annuity or more commonly converted to a registered retirement income fund (RRIF) by Dec. 31 of the year someone turns 71.... More »
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You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
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How are you taxed when you sell a small business? + MORE Apr 11th
I recently sold my company last year for $160,000 and purchased it for $90,000 in 1997. Can you please help me with the tax on this? I have called CRA many times and no one knows this simple process.—Peter
The types of taxes you owe when selling a small business
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3 Platforms Where SMEs Can Invest in Private Equity and Real Estate in Europe
– investitwisely.com
Online marketplaces are all around us: some are B2C marketplaces, such as Amazon and Aliexpress, others are B2B marketplaces, like Global Sources and DHgate.Yet have you ever seen a platform where small businesses can buy other companies, or parts of them, and even purchase commercial property?
A New Breed of B2B Marketplaces
These new platforms are essentially B2B marketplaces that take a different approach: instead of dealing with single items, they establish long term partnerships.
For example, let us say that you want to sell candies in China. Under the traditional scheme that you find on Alibaba or Tradekey, you will set up your online store and then sell batches of candies to retailers in China that want to buy them.
This new breed of platforms instead works in a different way: you will not sell candies, rather you will find a long-term distributor in China that is going to sell your sweets for a long time.
Since they operate with deals more than products, these platforms are called dealmaking or matchmaking platforms…
