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Are Franchise Fees Tax Deductible?

For any franchise, as far as taxation is concerned, the individual unit (franchisee) is a separate entity from the parent organization (franchisor). The taxation of the franchisee depends on the legal status of the business.The fee structure of the franchise is subject to taxation based on the reason the fee is being paid.To understand this concept
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5 Indicators of a Strong Franchise Opportunity

For some entrepreneurs, operating a franchise can be an ideal form of business. The low-investment nature of the system, pre-existing market base, established distribution channels, strong brand and product awareness, as well as the collective bargaining power makes it extremely appealing. However, how do we recognize a strong franchise opportunity that’s worth pursuing? This post
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The Retail Payment Activities Act: Retail Payments Regulations

On April 30, 2021, the federal government introduced An Act Respecting Retail Payment Activities also called the Retail Payment Activities Act (RPAA) as part of the Budget Implementation Bill (Bill C-30). The RPAA outlines the government’s commitment to regulate new and increasingly developing retail payment activities driven by innovative methods and technologies.  The RPAA will
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5 Common Reasons to End a Franchise Agreement Early

A franchisor and franchisee relationship is defined in the Franchise Agreement, which also outlines the length of the partnership, the regulations both have to follow and a contingency to end/terminate the agreement.  However, due to certain circumstances, either party may want to terminate the Franchise agreement prematurely.  There are several factors that may influence either
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