Blog
March 6, 2025
Four Tips to Use Capital Loss to Reduce Taxes
Capital gains have a complex tax structure because of the nature of this income. A person who is neither employed nor doing business can…
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…
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…
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…
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…
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…
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…
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…
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…
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…