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PST Exemption for Business Assets upon Rollover
March 1st, 2018
RST (Retail Sales Tax) and PST (Provincial Sales Tax) are the same thing. Businesses with taxable sales and services are required to register with the Manitoba Taxation Division and collect and remit RST. Generally, RST is applicable on all goods or services unless there is an exemption. One notable exemption is on a rollover of assets between related parties. This means that if you are… Read More »
Companies Online
October 16th, 2017
We are excited about “Companies Online”, the new Manitoba Companies Office online registry system. Members of the Smith Neufeld Jodoin LLP corporate department were invited by the Companies Office to be part of the soft launch in August, helping to test and work out any issues in the system before going live. The final stage of the system rolled out on September 20, 2017 and we… Read More »
Federal versus Provincial Incorporation
September 18th, 2017 by Mathieu Lafreniere
As a new business, one of the questions facing a business owner is whether you should incorporate at the provincial or federal level. There are of course benefits to either option and it is up to the individual owner to determine which fits their corporation best. Incorporating federally has some benefits, one of which is that the corporation has the right to carry on business… Read More »
Why Should I Keep My Corporate Records Up To Date?
September 5th, 2017 by Gemma Brown
With the hustle and bustle of everyday business life, business owners sometimes forget about little things, including corporate record maintenance. Managing your corporate affairs should also include managing your corporate record maintenance, and in particular, the legal aspects of maintenance. There are many changes that may seem simple that occur during a corporation’s life cycle, such as officers and directors of the corporation changing, changing… Read More »
Non-Profit and Charitable Organization By-Laws
June 2nd, 2017 by Samuel Teichroew
The Corporations Act (Manitoba) allows the directors of non-profit or charitable organizations to pass by-laws governing internal procedures and corporate structures. Many organizations take the initial step of incorporation but fail to implement by-laws. The following are a few of the areas and issues that by-laws should cover. Notice of Meetings Well drafted by-laws provide for the necessary notice periods for meetings of the board… Read More »
Opportunity Knocks!
March 2nd, 2017 by Gemma Brown
