Business Loans – how to prepare a winning loan request

Applying for a business loan may seem daunting, however, our friends at BDC have prepared a guide to preparing a winning loan request. Here is some recommended information/documentation to prepare for an effective loan proposal: 1) Historical financial information: a. Financial statements will help lenders assess the state of your business. 2) Identify your investment…

HGA Update on Proposed Tax Changes

After the outrage by Canadians during the consultation process, the Liberals decided to back down.  Instead they have offered to reduce the small business tax rate from 10.5 per cent to 9 per cent by January 1, 2019.   Although the Liberals have retracted their changes to the lifetime capital gains exemption (for now), they…