Blog
December 5, 2024
How Accountants Can Help Retailers Grow Their Business
Trust us when we say we know what a tough job it is to be a retailer: managing huge inventories with different products in multiple…
November 21, 2024
How to Reduce the Probability of CRA Audit
No business owner would ever want to face the Canadian Revenue Agency (CRA) audit, as it is time-consuming and stressful for…
November 7, 2024
Understanding Tax Implication of Windfall Gains
What would you do if you learned that you own a large sum of money? This money was unexpected, like a lottery win or a…
October 24, 2024
Is It the Right Time to Incorporate Your Real Estate Business?
Incorporating a business is equivalent to separating your company from yourself and giving it a separate identity. Regarding real estate services, the Canada Revenue Agency…
October 10, 2024
How a Capital Dividend Account Works?
As a small business owner, you can withdraw money from the business either as salary or dividends; both are taxable income. But what if…
September 19, 2024
Understanding Fair Market Value (FMV) and Its Impact On Your Tax Bill
Most businesses begin in the garage of the owner’s home. It is common for business owners to use their vehicle, their computer, and their place…
September 5, 2024
Things to Consider When Determining the Price for Your Services
If you are a first-time entrepreneur or small business owner, Congratulations! You have just stepped onto the next exciting – and, for many people,…
August 29, 2024
Understanding T3, T4, T4A, T5 Tax Slips and Their Use in IT Filing
The Canadian income tax system works on self-assessment. The Canadian Revenue Agency (CRA) requires taxpayers to report their world income from all sources and…
August 8, 2024
Understanding the Importance of Bookkeeping Services in Business
Are you someone who leaves sorting out their tax stuff to the very last minute? No sooner does tax season begin than you make a…
July 25, 2024
Tips For Small Business Owners to Manage Business Overhead Cost
Businesses often go overboard spending in the early stages, hoping to give the best services or products. They don’t realize they could spell financial trouble if their fixed overhead…