Blog
February 20, 2025
Several Reasons CRA Could Deny Small Business Expense Deductions
Owning a business brings with it a variety of business expense deductions that are crucial to earn revenue. The end objective of incurring these expenses…
February 6, 2025
Small Business Bookkeeping Checklist and How to Use It
Good bookkeeping is as much about discipline as it is about understanding numbers. Bookkeeping involves many different tasks, from sorting to documenting to organizing and…
January 23, 2025
Two Reasons CRA Could Deny Small Business Deduction
The Canada Revenue Agency (CRA) offers Small Business Deduction (SBD) to Canadian Controlled Private Corporation (CCPC) on the first $500,000 in…
January 9, 2025
How to Automate Accounting with Cloud Accounting
Technology’s various forms and tools are intended to simplify and speed up human effort. Technology can make a big difference for a small business with…
December 12, 2024
Uncertainty Remains Around New Capital Gains Rules
The year 2024 is a transitional year as several tax rule changes occurred. One of the rule changes is the increase in the capital gains…
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…