DECEMBER 2025
Year-End Readiness: Tax Moves to Make Before December 31
As the year draws to a close, December is the ideal time to take action on items that directly affect your corporate and personal tax bill. Some opportunities disappear after December 31, so this is your window to act.
NOVEMBER 2025
Halloween Special, Accounting Horror Stories
Every October we share true-to-life cautionary tales from the world of bookkeeping and tax. Names and details are fictional, but the risks are very real. Read with a warm drink, then take a few simple steps to make sure the only thing spooky this season is your costume.
OCTOBER 2025
Evolving Our Client Journey, With You in Mind
As our clients grow, your needs change. You want faster answers, clearer communication, and advice that connects the dots between operations, finance, and strategy. This year, we are refining how we work with you so that each touchpoint feels easier, earlier, and more useful.
SEPTEMBER 2025
How Inflation Impacts Your Business Beyond Prices
When we think of inflation, we often think “my suppliers raised their prices”. But inflation quietly reshapes every part of your business, from your bank loans to your payroll to the contracts you have signed.
AUGUST 2025
Your Mid-Year Financial Health Checklist
Many business owners wait until year-end to think about their financials. By then, it’s often too late to fix problems or take advantage of planning opportunities. Whether your company has a December year-end or a different fiscal calendar, mid-year is a smart time to pause, review, and reset.
JULY 2025
The Real Cost of Hiring in 2025
Hiring your first (or next) employee is an exciting step for any business. But it’s also a big financial commitment, and many entrepreneurs underestimate what’s involved beyond the base salary.
JUNE 2025
CRA Review Season: What You Need to Know
Tax season may be behind you, but for many individuals and small businesses, the real stress often starts after the return is filed.
MAY 2025
Is Your Tech Stack Helping or Hurting Your Business?
Spring is here! While you’re cleaning up your workspace, don’t forget your business systems. Many companies accumulate tools over time (accounting apps, CRMs, project software), but few take time to review whether they still serve their purpose.
APRIL 2025
Selling Your Business: Key Tax Strategies Every Owner Should Know
Selling your business is a big financial decision, and getting it right involves careful planning. While it might feel like a far-off event, the choices you make today can shape your future sale. Here’s a quick guide to some key considerations.
MARCH 2025
Economic Outlook for 2025
Canada’s economy has faced turbulence over the past few years, and while some stability has returned, uncertainties remain. With persistently high interest rates, shifting consumer trends, and rising trade tensions, businesses will need to stay agile in 2025. Which industries will face challenges? Which will thrive? And how can businesses prepare?
FEBRUARY 2025
Maximizing Tax Benefits: Paying a Salary to Family Members
Many business owners consider paying a salary to their spouse or children as a way to reduce their tax burden. While this strategy can offer significant advantages, it must be implemented correctly to comply with Canadian and Quebec tax laws. Let’s explore the benefits, key requirements, and potential pitfalls to ensure you stay on the right track.
JANUARY 2025
Partnering for your Success in 2025
As 2024 draws to a close, we at Blanchette & Gallucci Inc. want to take a moment to reflect on the year and share our vision for 2025. 2024 has been a year of growth, challenges, and opportunities for you and us. It’s been a privilege to partner with entrepreneurs like you who work tirelessly to build and grow their businesses against all odds.
DECEMBER 2024
Incorporating a Holding Company
You’ve probably heard the idea of incorporating another company in addition to your Operating Company (OpCo). Here are some thoughts of why it could be beneficial for you and when to do it.
NOVEMBER 2024
Accounting Horrors!!
In light of it being Halloween, we thought it would be interesting to share a accounting horror stories with our audience. Proceed with caution!
OCTOBER 2024
Profit Splitting with Business Partners
You have associates in your business or you are considering it? You then need to split your business’ profits, and that’s by no mean a small feat!
SEPTEMBER 2024
Organizational Structure
Do you directly hold shares in your operating company? Are your operations generating excess liquidity? Is there a high risk of lawsuits in your industry? If so, you need financial planning!
AUGUST 2024
Scientific Research and Experimental Development Tax Credits (SR&ED)
Did you know that the government remits more than $3 billion in SR&ED tax credits each year? Regardless of your industry, tax credits can be as high as 65% of eligible expenses (salaries, materials, overheads, subcontractors). Now may be the time to assess if you’re eligible.
JULY 2024
Celebrating 10 years of Success!
As we mark our 10th anniversary at Blanchette & Gallucci Inc., we reflect on our journey of supporting entrepreneurs in Montreal. Founded with a vision to provide more than just accounting services, our firm has flourished alongside our clients, helping them reach new heights. Here’s to the next decade of growth and innovation
JUNE 2024
Understanding your Costs
Why an article on costs? You have all been entrepreneurs for several years, you know how much you have left in the bank, but most of you do not analyze the profitability of a project and your opportunity costs.
MAY 2024
Capital Gains Tax-Rate Increase
The Canada Revenue Agency proposed a major change regarding the taxation of capital gains: starting June 25, 2024, the portion of your capital gain exceeding $250K will have an increase in the inclusion rate from 50% to 66.66%. Here is a quick breakdown of what a capital gain is and how this change may affect you.
APRIL 2024
Taxation of Cryptocurrency
Are you carrying on a business of trading crypto-assets or do you simply own a passive virtual account? Since cryptocurrency is a relatively new innovation, here are some guidelines on how to meet your tax obligations.
MARCH 2024
Family Trusts: Navigating New Rules and Obligations
Already have a family trust? Here’s a guide to the latest regulations to ensure you stay compliant.
FEBRUARY 2024
RRSP Essentials for Smart Finances
It’s RRSP season so let’s take a moment to really understand the key concepts of RRSPs. As the deadline to contribute to your RRSP fast approaches (February 29, 2024), we wanted to take a moment to do a quick recap of its purposes.
JANUARY 2024
New Year’s Resolutions
We trust you had a wonderful time with your loved ones! As we gear up for the New Year, it’s the perfect moment to reflect and set some business resolutions for 2024 amid the economic uncertainties. Here are some ideas to kickstart your planning!
DECEMBER 2023
Tax Planning: Dividend vs Salary
As we bid farewell to 2023, it’s time to ensure you’re making the most of every financial opportunity. Many clients have been asking what type of compensation (dividend or salary) would be most beneficial for them. We would like to take the time to highlight the main differences between these two types of compensation.
NOVEMBER 2023
Accounting Horror Story!
In light of it being Halloween, we thought it would be interesting to share a quick accounting horror story with our audience. Proceed with caution!
OCTOBER 2023
Planning for a Recession
In these times of economic uncertainty, one might get confused as to what their next move should be. Although it is not for certain that Canada will fall into a recession, many economic indicators are pointing in that direction. So what can you do?
SEPTEMBER 2023
Increase in Interest Rates
Were you affected by the increase in interest rates? Did the recent increase leave you feeling unsure on what to do next? What if we told you that the recent increase we just had could be a good thing?!!
AUGUST 2023
Strategic planning – How long has it been?
A strategic plan helps establish clear goals and objectives, and develop a roadmap to achieve them. Most of all, it helps your business thrive in times of uncertainties while staying true to your mission.
JULY 2023
Choosing your Banker
When it comes to managing your business’s finances, choosing the right bank manager is crucial. A knowledgeable bank manager can help you navigate the complex world of business credit and provide valuable advice on how to best use your funds.
JUNE 2023
An Introduction to Advisory Shares
Advisory shares are a type of equity ownership in a company and are often used as a way to attract and retain top talent, as well as to align the interests of the advisors with those of the company.
MAY 2023
First Home Savings Account (FHSA)
On April 1, 2023, as was announced in the 2022-2023 Federal budget, the FHSA program came into effect. The FHSA is a registered plan for prospective first-time home buyers which is intended to help facilitate the purchase of your first home.
APRIL 2023
New Tax and Declaration For Rental Property Owners
If, on December 31, you own a building with less than 4 doors, other than personally, you must file an annual declaration or be liable for a fine of $10,000! Incredible but true!
MARCH 2023
Artificial Intelligence – How Will it Impact your Business?
In the past few months, artificial intelligence (AI) has had a lot of attention in the media mainly due to it’s ease of use. AI is already having a significant impact on how businesses operate and will play a bigger role in the future.
FEBRUARY 2023
Planning for the Rapid Growth of your Business
As an entrepreneur, one of the most exciting moments in your business journey is when your business experiences rapid growth. At the same time, this can also be a stressful and challenging time as you try to adapt your processes to accommodate this rapid growth.
JANUARY 2023
Economic Outlook for 2023
Despite the war in Ukraine, the insufferable pandemic, the spike in interest rates, and the slowdown in our major international partners, it is said that Canada is not in a recession yet. So, what’s awaiting us in 2023?
DECEMBER 2022
Financial Literacy
Last month was National Financial Literacy month and we have concluded that many people in Quebec do not fully understand our economic system, the various ways available for saving money, or how to budget their expenses.
NOVEMBER 2022
Shareholder Loans
Shareholder loans and advances are one of the most used tools by our entrepreneurs, and often one of the most misunderstood. The following article will help clarify some of the more common aspects of these types of transactions.
OCTOBER 2022
Interest Rates
Did you see the recent increase in the Bank of Canada’s prime rate to 5.45%?
SEPTEMBER 2022
Family Trusts
Have you ever thought about setting up a family trust?
AUGUST 2022
Managing Your Accounts Receivable
How much money are you leaving on the table in your company’s accounts receivable?
JULY 2022
Corporate Minute Book: Are You Breaking The Law?
What is a minute book and why is it important?
JUNE 2022
AirBNB Rental Obligations
If you have or plan on having a rental property with AirBNB, be careful to ensure that you are abiding to the local tourism regulations.
MAY 2022
Federal and Provincial Budget Summary
Last month, the Federal and Provincial Ministers of Finance tabled their 2022-2023 budget plans which include a number of new tax measures designed to cope with the rising cost of living and to further stimulate economic growth. The following is a summary of some of the items which we believe is most pertinent for our readers.
APRIL 2022
Investment in Real Estate
Is real estate still a good investment in the current economy?
MARCH 2022
Planning: Personal Budget
Do you have a household budget?
FEBRUARY 2022
Tax Planning: Personal or Corporate Vehicle?
To pay less tax, should you buy your next vehicle under the company or personally?
JANUARY 2022
Tax Planning: Dividend vs Salary
What is the best option for you? Salary or dividends?
DECEMBER 2021
Thinking of investing in a rental property?
Do you have extra liquidity in your operating company and would like to invest it by acquiring a rental property?
NOVEMBER 2021
Do you have a BUDGET?
Is your cash flow tight? Does budgeting seem like a laborious or even dysfunctional exercise? The goal of a budget is to optimize the performance of your business. So how do you get there?
Laws and interpretations change. Before making a decision, we recommend contacting our team or another qualified professional for guidance tailored to your situation.
Blanchette & Gallucci Inc. assumes no responsibility for any errors, omissions, or outcomes resulting from the use of this information.