When things get tough for your business and bankruptcy seems like the only option, these resources can help you take the first step towards a brighter financial future for you and your business.
![Woman at a desk managing bills with a calculator](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-07T163450.520.jpg?quality=80&w=680)
How bankruptcy can affect businesses and their owners: It hurts a business's creditworthiness, but it may not be the end of the road.
Understanding the common causes of small business bankruptcy is important for aspiring entrepreneurs and current small business owners.
Before you proceed with your decision, here are some of the tax implications when filing for bankruptcy as a business owner in Canada.
How to lessen the impact on customers if a business must declare bankruptcy, including strategies to maintain and rebuild customer trust.
More From Business Bankruptcy
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How to lessen the impact on customers if a business must declare bankruptcy, including strategies to maintain and rebuild customer trust.
![A desk covered in spreadsheets and a calculator](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-13T124729.124.jpg?quality=80&w=320)
Before you proceed with your decision, here are some of the tax implications when filing for bankruptcy as a business owner in Canada.
![Entrepreneur struggling with bills and a calculator](https://silver.rbcroyalbank.com/en-ca/wp-content/uploads/sites/12/2023/09/Untitled-design-2023-07-12T111754.463.jpg?quality=80&w=320)
Understanding the common causes of small business bankruptcy is important for aspiring entrepreneurs and current small business owners.