Blog

An image of two small business owners in Markham who are discussing their common accounting mistakes August 4, 2023

Six Common Accounting Mistakes Canadian SMEs Should Avoid

Managing the finances of a small or medium-sized enterprise (SME) in Canada can be challenging. As owners, you juggle many priorities, from finding new…

Accounting
An entrepreneur doing a competitive analysis for her start up. July 21, 2023

How Can Start-Ups Do Competitive Analysis

Setting up your business and getting noticed in any industry or market is challenging as a start-up. But going beyond surviving to thrive…

Business owner
An Entrepreneur giving gifts to her staff July 7, 2023

Entrepreneurs: The Tax Implication of Giving Gifts to Clients and Employees

You give gifts for many reasons, sometimes as a token of appreciation, sometimes to celebrate holidays and birthdays, and sometimes to say thank you.

Tax
TFSA or RRSP June 23, 2023

TFSA or RRSP – How should business owners approach saving for retirement?

If you are self-employed or own a business that you work full-time, saving for retirement can be challenging. Alongside focusing on business growth, you…

Financial Advisory
An image of an entrepreneur reviewing some tax tips with his local Markham CPA June 9, 2023

Tax Tips for New Entrepreneurs

Whether you’re working on a new business full-time, starting a new side hustle or business, or navigating the world of freelancing, making sure you…

Tax
An image of a small business owner in Toronto who just was advised on what accounting system to use for their small business May 19, 2023

5 Steps for New Businesses to Set up an Accounting System

Good accounting is the foundation for the financial success of a business of all sizes. Efficient accounting systems help you keep track of your…

Accounting
Corporation Vs. Sole Proprietorship: Which is the Right Structure for Your Business? May 4, 2023

Corporation Vs. Sole Proprietorship: Which is the Right Structure for Your Business?

Starting a new business, especially your first business, can be an exciting and rewarding experience. Still, it can be not very clear for first-time…

Business owner
An image of a small business owner who is keeping his small business finances organized. April 21, 2023

Keeping your small business finances organized

Small businesses have a lot going on. All at once. And if, like most small business owners, you’re wearing a million hats. Organizing receipts and…

Business owner
First Home Savings Account (FHSA) April 14, 2023

Scenarios Where First Home Savings Account (FHSA) Withdrawals and Contributions are Taxable?

After a decade of rising property prices, Canada’s housing market has reached a point where buying a home has become unaffordable. To help Canadians…

Tax
An image of an accountant who has just helped a freelancer with their accounting and tax needs in the GTA March 24, 2023

Why Should Freelancers and Self-Employed Consider Hiring Accountants?

Many people prefer working as freelancers or self-employed instead in a corporate. Companies also prefer hiring freelancers because they don’t have to handle the…

Accounting