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Chartered Professional Accountants
Dec
05
Thoughts on global growth...
What a year it’s been...
What a year it’s been for the entire Russell Bedford International Network. With ‘Taking You Further Day’ finally here—the event [...]
Read More »Nov
08
0
What Ontario’s Fall 2019...
The business community in Ontario...
The business community in Ontario just received a modest, yet business-friendly, tax reduction courtesy of Doug Ford’s Progressive Conservative government. [...]
Read More »Nov
04
0
Cybersecurity risk is persistent...
When I wrote last year...
When I wrote last year about the risks posed by cybersecurity threats such as malware or ransomware, it was with [...]
Read More »Oct
18
0
Election 2019 Platform Comparison:...
As Election 2019 grinds to...
As Election 2019 grinds to a close and Canadians get set to choose their next prime minister, many voters are [...]
Read More »Oct
08
0
Want to maximize bottom...
Hidden business costs can compromise...
Hidden business costs can compromise the financial success of any mid-sized company. Manufacturing inefficiencies, retail shrinkage, service delivery cost over-runs, [...]
Read More »Sep
26
0
Your company is growing...
Thank goodness for the so-called...
Thank goodness for the so-called ‘unicorns’ of the knowledge economy. They’re the ones powering innovation, transforming markets—or creating entirely new [...]
Read More »Sep
23
0
What does the federal...
The first week of the...
The first week of the federal election campaign, most pundits griped, was a notably dull affair. At least until Time [...]
Read More »Sep
12
0
From Brexit to trade...
If there were enemies of...
If there were enemies of growth for any medium-sized business, risk and uncertainty would surely top the list. It’s fair [...]
Read More »Aug
29
0
As Hong Kong protests...
What a difference a few...
What a difference a few weeks makes for Canadians doing business in Hong Kong. Protests in the former British colony [...]
Read More »Aug
27
0
The collapse of Jamie...
You have to feel for...
You have to feel for Jamie Oliver. The British celebrity chef has endeared himself to audiences the world over with [...]
Read More »Aug
22
0
Don’t be fooled: HR...
Virtually every CEO would agree...
Virtually every CEO would agree that employment law non-compliance, a failure to take workplace harassment seriously, and the general flouting [...]
Read More »Aug
06
0
Want to kick start...
Hopefully you’re reading this article...
Hopefully you’re reading this article on a dock in Muskoka, feet up, beverage in hand while taking in views of [...]
Read More »Aug
01
0
Why it makes sense...
This is the time of...
This is the time of year when the latest cohort of new accountants has graduated from their undergraduate programs and [...]
Read More »Jul
30
0
Entrepreneurs can take management...
Now that the dust has...
Now that the dust has settled on the Toronto Raptors’ incredible NBA Championship run—four series of excitement that saw our [...]
Read More »Jul
09
0
AI will revolutionize accounting,...
Artificial intelligence (AI) is everywhere....
Artificial intelligence (AI) is everywhere. In the news, on the minds of CEOs, in blogs such as this one. Canadian [...]
Read More »Jun
14
0
Ontario slashes spending for...
The bad news continues to...
The bad news continues to flow for entrepreneurs across Ontario. The Doug Ford government has lowered the axe once again [...]
Read More »Jun
06
0
Royal infant’s U.S. tax...
For so many people around...
For so many people around the globe, U.S. citizenship is a highly vaunted status symbol, even a ticket to success. [...]
Read More »Jun
04
0
Updated–The great entrepreneurial debate:...
As Chartered Professional Accountants, the...
As Chartered Professional Accountants, the most common two questions we’re asked by clients is whether they should buy or lease [...]
Read More »May
30
0
Chinese authorities step up...
As Canadians Michael Spavor and...
As Canadians Michael Spavor and Michael Kovrig linger in detention in China, Canadian entrepreneurs would be excused for being more [...]
Read More »May
20
0
Managing one of the...
So, you’ve founded a company,...
So, you’ve founded a company, managed to survive the first few start-up years and now employ a staff of around [...]
Read More »May
14
0
Ontario’s innovation ecosystem faces...
Less than two weeks after...
Less than two weeks after I outlined a coming review of Ontario’s innovation tax credits and “other R&D tax incentives” [...]
Read More »May
07
0
Ontario SME owners on...
If research, development and innovation...
If research, development and innovation are the lifeblood of Ontario’s economy—not to mention well-used talking points amongst the province’s business-courting [...]
Read More »Apr
18
0
Ontario budget 2019: Key...
With the first budget of...
With the first budget of its majority mandate, Doug Ford’s Progressive Conservative government delivered a moderated strategy for achieving budgetary [...]
Read More »Apr
14
0
Ontario budget 2019: ‘Open...
When Doug Ford swept into...
When Doug Ford swept into power last year, he promised that Ontario would once again be ‘Open for Business.’ The [...]
Read More »Mar
22
0
SNC-Lavalin and the sometimes...
If the federal Liberals’ SNC-Lavalin...
If the federal Liberals’ SNC-Lavalin scandal has taught us anything, it’s that doing business overseas—particularly in developing countries—isn’t always as [...]
Read More »Mar
14
0
Changes to Quebec Sales...
If doing business in Quebec...
If doing business in Quebec was already tricky for companies residing outside of La Belle Province, it’s now become even [...]
Read More »Feb
27
0
Brexit causing headaches for...
In about a month the...
In about a month the United Kingdom could unceremoniously stumble its way out of the European Union—the patchwork of nation [...]
Read More »Feb
12
0
Canadian entrepreneurs worried about...
It would be an understatement...
It would be an understatement to say that relations between Canada and China have hit an all-time low. For the [...]
Read More »Jan
14
0
Looming GM plant closure...
When General Motors announced plans...
When General Motors announced plans to shutter its Oshawa assembly plant after more than a century of production, headlines bemoaned [...]
Read More »Dec
20
0
Tax efficient ways to...
This is the most wonderful...
This is the most wonderful time of the year—not to mention the season of giving. That’s why many organizations and [...]
Read More »Dec
20
0
CRA employs aggressive new...
The days of the Canada...
The days of the Canada Revenue Agency taking a kinder, gentler approach to its relations with taxpaying business owners are [...]
Read More »Dec
20
0
Interest rates are rising....
It’s no surprise that debt-carrying...
It’s no surprise that debt-carrying entrepreneurs have been on edge of late. They’ve watched interest rates climb steadily over the [...]
Read More »Nov
30
0
Longevity crisis: Why entrepreneurs...
It’s supposed to be the...
It’s supposed to be the time of life when you enjoy the fruits of your entrepreneurial labour—taking the time to [...]
Read More »Nov
26
0
Federal economic update provides...
Ottawa’s war against small and...
Ottawa’s war against small and medium-sized business owners seems to be over—at least for now. The trouble is the government’s [...]
Read More »Nov
14
0
Bill 47 employment law...
When former Ontario Premier Kathleen...
When former Ontario Premier Kathleen Wynne’s Liberal government tabled and eventually passed Bill 148, the Fair Workplaces, Better Jobs Act, [...]
Read More »Nov
13
0
Stronach family squabble offers...
The more money in a...
The more money in a family, the more problems that can arise when it comes time to pass the estate [...]
Read More »Nov
08
0
Beijing’s tax crackdown has...
China has embarked on a...
China has embarked on a major reform of tax laws that could have sweeping implications for high-net-worth individuals inside the [...]
Read More »Oct
16
0
What’s the difference between...
In recent weeks we saw...
In recent weeks we saw the publication of a landmark investigation into U.S. President Donald Trump’s business dealings surrounding the [...]
Read More »Sep
28
0
Why business owners should...
There are a few questions...
There are a few questions that chartered accountants get asked all the time. They include (but are in no way [...]
Read More »Sep
20
0
How trade wars can...
There’s nothing like an impending...
There’s nothing like an impending crisis to force Canadian entrepreneurs to become more creative in their business dealings, explore new [...]
Read More »Aug
30
0
Tesla CEO Elon Musk...
In today’s business environment, leaders...
In today’s business environment, leaders are encouraged to speak in a transparent, honest way to their employees, customers, partners, suppliers, [...]
Read More »Aug
27
0
CMHC makes it easier...
It’s a proud moment for...
It’s a proud moment for any fledgling entrepreneur. They start a new business and manage to make it a going [...]
Read More »Aug
22
0
Chrysler CEO Sergio Marchionne’s...
It’s a nightmare scenario for...
It’s a nightmare scenario for any organization whose brand or operational structure is largely built around the expertise and industry [...]
Read More »Jul
24
0
You own a small...
When U.S. President Donald Trump...
When U.S. President Donald Trump imposed tariffs on Canadian steel and aluminum in June, executives in those industries recoiled at [...]
Read More »Jul
10
0
You’ve been audited by...
If there’s one letter that...
If there’s one letter that entrepreneurs dread receiving in the mail, it’s the one from the Canada Revenue Agency informing [...]
Read More »Jun
12
0
New mortgage rules bring...
When the Office of the...
When the Office of the Superintendent of Financial Institutions’ (OSFI) implemented new rules earlier this year designed largely to cool [...]
Read More »Jun
05
0
Studies show that family...
Family-owned businesses are a key...
Family-owned businesses are a key driving force behind the success of the Canadian economy. As an accounting firm that works [...]
Read More »Mar
29
0
Ontario budget 2018 offers...
The Ontario Liberal party under...
The Ontario Liberal party under Premier Kathleen Wynne is locked in a desperate fight for its political life as the [...]
Read More »Mar
22
0
How budgeting pitfalls can...
The early days of any...
The early days of any new business are the most exciting. That’s when entrepreneurial hope springs eternal, when innovation and [...]
Read More »Mar
21
0
The major business challenges...
If there’s one truism for...
If there’s one truism for entrepreneurs, it’s that no two years are ever the same. Whether they’re focused on growing [...]
Read More »Feb
28
0
After outcry from entrepreneurs,...
Owners of small and...
Owners of small and medium-sized businesses across Canada can finally breathe a sigh of relief. For the most part, [...]
Read More »Feb
15
0
Protect your company’s bottom...
After reading our last post...
After reading our last post you might be wondering why an accounting firm that specializes in working with entrepreneurs is [...]
Read More »Feb
13
0
Why cyber security is...
When most entrepreneurs consider the...
When most entrepreneurs consider the many challenges facing their company, the usual suspects come to mind. Think everything from cash [...]
Read More »Feb
06
0
Franchisee cut-backs in wake...
The New Year rang in...
The New Year rang in a minimum wage increase for Ontarians, as well as a double-double firestorm of controversy as [...]
Read More »Jan
16
0
KRP welcomes new partner...
The Kestenberg Rabinowicz Partners LLP...
The Kestenberg Rabinowicz Partners LLP management team is growing once again. We’re proud to announce that Adriano Romeo, a KRP [...]
Read More »Dec
14
0
Morneau’s new ‘simplified’ income...
Shortly after the release of...
Shortly after the release of the report by the Standing Senate Committee on National Finance, which is highly critical of [...]
Read More »Dec
01
0
Auditor General’s report on...
If you’ve had reason to...
If you’ve had reason to phone the Canada Revenue Agency of late, you may have experienced a long wait to [...]
Read More »Nov
30
0
Ontario’s Bill 148 is...
A new package of labour...
A new package of labour and employment law reforms in Ontario is poised to potentially impact the competitiveness and the [...]
Read More »Nov
28
0
An ongoing business debate:...
In more than 30 years...
In more than 30 years of practice as a Chartered Accountant, one of the most common two questions I’ve been [...]
Read More »Nov
21
0
Webinar–Canadian federal tax reform:...
When the Department of Finance...
When the Department of Finance released its proposed changes to the taxation of private corporations in Canada on July 18, [...]
Read More »Nov
16
0
Ontario offers small business...
Small business owners in Ontario...
Small business owners in Ontario are getting a break on their taxes. This week Minister of Finance Charles Sousa delivered [...]
Read More »Nov
14
0
Want a loan for...
Whether you operate a brand-new...
Whether you operate a brand-new start-up or a business that’s been in existence for many years, if you need financing, [...]
Read More »Oct
20
0
Federal government compromises, eases...
After several weeks of insistent...
After several weeks of insistent rhetoric from Ottawa, entrepreneurs across Canada finally received some good news when the federal government [...]
Read More »Oct
17
0
CRA proposes major changes...
A new Canada Revenue Agency...
A new Canada Revenue Agency (CRA) directive is about to make it much harder for entrepreneurs to correct legitimate tax [...]
Read More »Oct
06
0
Sorry Mr. Morneau, Canadian...
As Finance Minister Bill Morneau...
As Finance Minister Bill Morneau wrapped up his cross-country ‘listening tour’ to gauge Canadians’ reaction to proposed federal tax changes [...]
Read More »Sep
19
0
KRP founding partner Ralph...
One of our founding partners,...
One of our founding partners, friends and mentors, is taking a final bow after a long and illustrious accounting and [...]
Read More »Sep
12
0
7 common tax mistakes...
Canadian entrepreneurs are some of...
Canadian entrepreneurs are some of the best in the world when it comes to starting, managing and growing their small [...]
Read More »Jul
27
0
The good, the bad...
The federal government last week...
The federal government last week took another step towards implementing sweeping tax changes that could have a disproportionate impact on [...]
Read More »Jul
21
0
How entrepreneurs can overcome...
If finance and accounting were...
If finance and accounting were easy, there would be far more successful businesses operating (and thriving) in this country. It’s [...]
Read More »Jul
17
0
The 5 most common...
There are plenty of reasons...
There are plenty of reasons why small and medium-sized businesses (SMEs) succeed in their respective marketplaces, but perhaps even more [...]
Read More »Jun
27
0
When is the best...
Welcome to our new Ask the Accountant...
Welcome to our new Ask the Accountant series, where our clients and readers pose accounting, finance and business management questions to KRP [...]
Read More »Mar
23
0
2017 Federal Budget Commentary...
The Federal Government’s 2017–18 Budget...
The Federal Government’s 2017–18 Budget gives Canadians a taste of what they might expect over the next couple of years: [...]
Read More »Jan
12
0
Five challenges of business...
It’s the entrepreneur’s dream—come up...
It’s the entrepreneur’s dream—come up with an idea, develop a business plan, start building out a product or service, then [...]
Read More »Jan
09
0
Foreign investors: 4 things...
Political instability, tumbling currency values,...
Political instability, tumbling currency values, economic uncertainty—they’re common reasons why high net-worth foreign investors often try to extract funds from [...]
Read More »Dec
19
0
CRA audits: How to...
If two of the nastier...
If two of the nastier inevitabilities in life are death and taxes, then tax audits would certainly rank as one [...]
Read More »Dec
16
0
Long-time KRP tax partner...
Kestenberg Rabinowicz Partners LLP saying...
Kestenberg Rabinowicz Partners LLP saying goodbye to one of its Iongest-serving and most highly respected partners. Harris Kligman, who was [...]
Read More »Nov
29
0
Ontario to hike Land...
Buying a residential or commercial...
Buying a residential or commercial property in Ontario is about to get more expensive. The Government of Ontario recently announced [...]
Read More »Nov
01
0
Life insurance changes could...
Recent changes to federal tax...
Recent changes to federal tax rules related to life insurance policies could have a significant impact on tax, estate and [...]
Read More »Oct
13
0
How CRA’s crackdown is...
Entrepreneurs hoping that Canada Revenue...
Entrepreneurs hoping that Canada Revenue Agency would eventually ease its audit-focused crackdown after a recent uptick in enforcement activity may [...]
Read More »Oct
11
0
Changes to ECP tax...
A change to the treatment...
A change to the treatment of eligible capital property (ECP) for Canadian-controlled private corporations (CCPCs) could have a significant impact [...]
Read More »Oct
06
0
New restrictions on foreign...
When Bank of Montreal and...
When Bank of Montreal and Bank of Nova Scotia, two of Canada’s largest banks, recently announced the introduction of new [...]
Read More »Aug
30
0
Long-time KRP partner Vazken...
It’s a bittersweet moment here...
It’s a bittersweet moment here at Kestenberg Rabinowicz Partners LLP as we wish a happy and prosperous retirement to one [...]
Read More »Jul
28
0
Want to protect your...
When it was first introduced,...
When it was first introduced, online banking was seen as a boon for small and medium-sized businesses. It saved business [...]
Read More »Jul
04
0
Entrepreneurs on alert after...
The stream of fraudulent ‘Canada...
The stream of fraudulent ‘Canada Revenue Agency’ (CRA) calls continues. After notifying entrepreneurs just last year about a spate of [...]
Read More »Jun
20
0
How to position your...
If there’s one goal shared...
If there’s one goal shared by all investors, it’s the obvious desire for a substantial return on any investment they [...]
Read More »Jun
07
0
CRA changes treatment of...
Canadian investors received some bad...
Canadian investors received some bad news from the Canada Revenue Agency (CRA) recently. Ottawa announced that it is changing the [...]
Read More »Apr
22
0
A KRP Case Study:...
Many aspects of the Income...
Many aspects of the Income Tax Act are difficult for taxpayers to understand and navigate, but Section 160 is perhaps [...]
Read More »Mar
23
0
2016 Federal Budget Commentary...
Key themes from the 2016...
Key themes from the 2016 federal budget: Economic growth, job creation and a strong middle class When the new government [...]
Read More »Mar
01
0
Did you know? Wire...
Entrepreneurs, did you know that...
Entrepreneurs, did you know that the movement of funds through wire transfers is susceptible to theft? How the robbery takes [...]
Read More »Feb
26
0
2016 Ontario Budget Commentary...
On February 25, 2016...
On February 25, 2016 Finance Minister Charles Sousa tabled his fourth Budget. The deficit for the 2015-16 fiscal year [...]
Read More »Jan
07
0
Ottawa holds steady on...
On December 24, 2015, Finance...
On December 24, 2015, Finance Minister Bill Morneau announced that, subject to two changes, the income tax deduction limits and [...]
Read More »Dec
26
0
The loonie is languishing:...
The sliding Canadian dollar has...
The sliding Canadian dollar has left most business owners in a tough spot. While exporters likely have—or soon will—enjoy an [...]
Read More »Dec
22
0
Major changes to U.S....
On December 18, 2015, the...
On December 18, 2015, the U.S. Congress passed the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”). President [...]
Read More »Dec
03
0
The right way to...
Forget the trials and tribulations...
Forget the trials and tribulations of starting and growing a business. Many entrepreneurs learn that the true challenge comes when [...]
Read More »Nov
20
0
The 5 revealing (yet...
Most entrepreneurs are not accountants....
Most entrepreneurs are not accountants. That statement is as obvious as it is revealing. Despite not having the letters ‘CA’ [...]
Read More »Nov
19
0
7 key questions to...
A successful, lucrative exit—it’s the...
A successful, lucrative exit—it’s the dream of so many entrepreneurs who envision building their business and one day selling to [...]
Read More »Nov
18
0
Positive news on tax...
Effective January 1, 2016 there...
Effective January 1, 2016 there will be significant changes to the taxation of trusts and estates, including alter ego, joint [...]
Read More »Oct
05
0
What entrepreneurs can learn...
As the summer winds down,...
As the summer winds down, we’ve been treated to the usual mix of sun, warm weather and, hopefully for most [...]
Read More »Sep
30
0
The benefits of a...
Obtaining the right accounting and...
Obtaining the right accounting and tax planning advice is critical for every business owner. That requires a strategic approach that [...]
Read More »Sep
28
0
RRIF rule and re-contribution...
Typically, a Registered Retirement Income...
Typically, a Registered Retirement Income Fund (RRIF) is created on the conversion of a Registered Retirement Savings Plan (RRSP) before [...]
Read More »Sep
02
0
Tax benefits abound when...
Canadian entrepreneurs make millions of...
Canadian entrepreneurs make millions of dollars in donations to a wide range of charitable organizations each year. What many don’t [...]
Read More »Jul
13
0
Acquiring a dental practice—The...
One of the most challenging—and...
One of the most challenging—and important—decisions for dentists establishing or expanding their practice is to decide whether to take on [...]
Read More »Jun
25
0
Business Succession Planning, Part...
If building a succession plan...
If building a succession plan is one of the most important business considerations for entrepreneurs, the question of who takes [...]
Read More »Jun
10
0
2015 Ontario Budget Commentary–Highlights...
2015 Ontario Budget Commentary ...
2015 Ontario Budget Commentary Introduction On April 23, 2015 Finance Minister Charles Sousa tabled his third Budget. The deficit [...]
Read More »Apr
22
0
2015 Federal Budget Commentary–Highlights...
While the 2015 federal budget...
While the 2015 federal budget may not have contained many surprises, it did contain more than its fair share of [...]
Read More »Apr
02
0
Bogus CRA calls have...
A recent spate of fraudulent...
A recent spate of fraudulent calls has given some entrepreneurs reason to review their over-the-phone dealings with Canada Revenue Agency [...]
Read More »Mar
27
0
Why business record-keeping matters–A...
Comprehensive record-keeping is a major...
Comprehensive record-keeping is a major challenge for many entrepreneurs. After all, most business owners are so busy running their organizations [...]
Read More »Mar
26
0
Business Succession Planning, Part...
For entrepreneurs, there are few...
For entrepreneurs, there are few more important considerations when building and growing a business than their eventual exit—either by choice [...]
Read More »Mar
23
0
How real estate deals...
Investing in real estate can...
Investing in real estate can be a smart move for many entrepreneurs. Over the past decade or more, strategic real [...]
Read More »Mar
20
0
10 questions to ask...
For medical professionals such as...
For medical professionals such as dentists, acquiring an existing practice often makes more financial sense than launching one from scratch. [...]
Read More »Jan
21
0
Non-arm’s length loan interest...
We want to take this...
We want to take this opportunity to remind clients that they need to ensure that all interest payable on all [...]
Read More »Jan
16
0
KRP Launches New Website...
Welcome to the new KRP...
Welcome to the new KRP website. We’ve spent several months refining a new look for our online platform and we [...]
Read More »Jan
16
0
KRP develops AODA policy...
We’re proud to announce that...
We’re proud to announce that KRP has developed a compliance policy under the Accessibility for Ontarians with Disabilities Act (AODA). [...]
Read More »Jan
16
0
Marshall Egelnick named Managing...
We’re proud to introduce Marshall...
We’re proud to introduce Marshall Egelnick as Kestenberg Rabinowicz Partners LLP’s new Managing Partner. Marshall, a KRP partner since 1980, [...]
Read More »Our team is committed to helping you understand and manage your company’s finances with confidence
Our team of tax specialists offers the right service and support to minimize your personal and professional tax burden
Our holistic approach to financial management helps set and align your personal and professional financial goals
We’ll provide strategy and solutions designed to minimize tax burden and ensure your estate’s smooth transition
Whether downsizing or positioning your firm for growth, we’re here to provide strategic financial and tax advice
We specialize in highlighting—then mitigating—the many risks that can compromise your business success
Whether planning for growth or an exit, our team is here to provide the right strategic direction
We are tireless in the pursuit of knowledge and resources. This approach enables us to deliver the kind of value-driven service that entrepreneurs need to achieve their personal and professional financial goals. That requires a dedication to understanding your business and always staying a step ahead as it grows. We do it by recruiting and developing only the very best tax specialists and accountants, all of whom share our commitment to hard work and service excellence.
Success requires movement. If you stop, you fall behind. If you fall behind…well, just don’t ever fall behind.
– Ralph Rabinowicz, Founding Partner
KRP was founded in 1973 with a clear vision: to become a trusted business partner to our diverse array of clients. Since then, we’ve earned a strong reputation as problem solvers, driven as much by our entrepreneurial spirit as our unwavering commitment to service excellence and integrity. Those qualities have allowed us to deliver the results entrepreneur clients like you need to achieve both your personal and professional financial goals.
Nothing in life is more powerful or more productive than a close relationship built on a shared vision and common commitment.
– Harvey Kestenberg, Partner
We stand by the same promise that’s driven our success since 1973: To treat your business as if it was our own. Our aim is to help you manage your affairs holistically and proactively to deliver the most prosperous and successful future possible.
With a client roster that boasts more than a few client relationships lasting 25 years or longer, it’s a promise we keep each day.
We are problem solvers, first and foremost. Finding innovative solutions to the most difficult challenges is what makes our firm unique.
– Marshall Egelnick, Managing Partner
OUR PROVEN TRACK RECORD SPEAKS FOR ITSELF
40
Years
Providing industry-leading accounting, tax and financial advice
9
Partners
With expertise and experience across a diverse range of industries
7
Core Services
Designed to help entrepreneurs achieve their financial goals
1
Promise
To be your strategic financial partner every step of the way
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