Blog
Accounting Tips
Bookkeeping
Records Management
Small Business Tips
Tax Planning
How the New U.S.-Canada Tariffs Affect Canadian Businesses
As of March 4, 2025, the new U.S.-Canada tariffs are no longer theoretical—they are now reality. The United States implemented a 25% tariff on Canadian exports and a 10% tariff...
How to Grow Your Business in a Tough Economy
Want to grow your business regardless of a slow economy? Here are some tips on how to make it happen.
Canada’s GST Holiday: How Business Owners Can Prepare and Thrive
As you grow your business during its life cycle, it will trigger new tax requirements. Here’s a quick look at what to consider as it evolves.
The Holding Company Advantage: A Guide for Canadian Entrepreneurs
Entrepreneurs are constantly seeking ways to optimize their business structure for growth and stability. One often overlooked strategy in the realm of business management is the...
Understanding CERB/CRB Review: What to Expect and How to Prepare for Repayment
The Canada Emergency Response Benefit (CERB) and Canada Recovery Benefit (CRB) were crucial lifelines for many Canadians during the challenging times brought about by the...
Small Business Deduction Unveiled: A Comprehensive Guide for Canadian Entrepreneurs
Small Business Deduction Unveiled: A Extensive Guide for Canadian Entrepreneurs Canadian small business owners often turn to the Small Business Deduction for financial relief....
Navigating Independent Contractor Taxes in Canada: A Comprehensive Guide
Understanding the ins and outs of independent contractor taxes in Canada is crucial for seasoned freelancers, organizations hiring independent contractors, and those new to the...
What is a shareholder loan? A comprehensive guide for Canadian Corporations
When you operate an incorporated business in Canada, it's crucial to have a firm grasp on various financial matters to ensure the success and compliance of your company. One such...
Understanding tax on dividends in Canada
If you are receiving dividends from a business or investment, it is important to understand the rules for tax on dividends in Canada. These important considerations should be...
GST/HST Netfile: making your returns easy
Trying to file your business' GST/HST returns? Discover a simple and stress-free solution with GST/HST Netfile. If you are a business whose taxable income exceeds $30,000...
Ontario Staycation Tax Credit
Are you an Ontario resident who vacationed within the province in 2022? You might be eligible for the Ontario Staycation Tax Credit. Keep reading to learn more about how to take...
Get ready for the 2022 income tax deadline: a small business checklist
Are you ready for the 2022 income tax deadline? If you are an individual or business owner under a sole proprietorship, the deadline for filing your income tax return for 2022 is...
Best Practices When Forming a Business Partnership in Ontario
Most small businesses in Canada are sole proprietorships. But if you’re ready to take on someone else, here’s are a few best practices for forming a business partnership.
Before Closing Down a Business in Ontario: Everything You Need to Know
Closing down a business may mean you’re retiring or starting another venture. Here’s how to do it properly.
Best Practices & Tax Tips for the Self-Employed in Canada
Do you own your own business and want to achieve your lowest possible tax bill? Here are some best practice tax tips for the self-employed.
What’s the difference between Fixed Cost and Variable Cost?
Wondering the difference between fixed cost, variable cost and total fixed cost? Here’s a quick overview on the different cost types.
How To Calculate Net Present Value (NPV)
Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. Here’s a quick overview of how to use this formula correctly.
Ask an Accountant: What is a Business Asset?
Whether you need to know for tax reporting reasons or just because you’re curious, here’s a definition of what is a business asset.
Expanding Your Business? Learn About New Tax Requirements
As you grow your business during its life cycle, it will trigger new tax requirements. Here’s a quick look at what to consider as it evolves.
How Taxing Non-Cash Benefits for Employees Works
Occasionally staff members will receive compensation for their efforts outside of their regular pay cheque. Here’s a quick overview of taxing non-cash benefits to your employees.
Ask a Professional Accountant: Do Corporate Loans Count as Taxable Income?
Do corporate loans count as taxable income? If shareholders or employees borrow money from a corporation, yes, that money is usually considered taxable income. But the CRA allows for some exceptions.
Tax Credits in Canada for Small Business Owners
Separate from tax deductions, tax credits in Canada are a great help for small business owners, if you qualify for them. Here are a few that you may be qualified for.
A Guide to Advertising Tax Deductions for Canadian Small Businesses
If your ad campaign is targeting a Canadian audience, there is a good chance you can benefit from advertising tax deductions in Canada. Here’s a quick guide on how it works.
Tax Deductions in Canada You May Not Be Aware Of
Want to stay on top of the CRA’s tax game? Claim as many business expenses as you can! Here are a few tax deductions in Canada you may not have heard of.
Small Business Expenses in Canada: Eligible Interest and Bank Charges
Cut your tax bill by claiming every single expense you’re entitled to! Here are some more small business expenses in Canada, including interest and bank charges.
How to Expense Mileage, Entertainment and Meals in Canada
Tax write-offs are your best friend as a small business owner. The higher the deductions you have, the lower your taxable income and tax payable. How do you expense mileage, entertainment and meals in Canada?
5 Office Related Tax Write Offs for Canadian Small Businesses
When you start a small business, every penny counts. Here are 6 office related tax write offs for Canadian Small Businesses that will help reduce your income tax bill.
6 Basic Tax Write Offs in Canada for Small Business
As a small business owner, you want to take advantage of as many basic tax write offs in Canada as possible. Here is some low-hanging fruit that you should make sure you’re claiming come tax time.
Knowing Your CRA Payroll Reporting Obligations
As a small business owner, the last thing you need is trouble with the CRA. Knowing your CRA payroll reporting obligations is vital to avoiding hefty fines in the future.
Five MORE Post-Pandemic Money-Saving Strategies for Small Business
Trying to find ways to cut costs post-pandemic? Here are 5 MORE money-saving strategies for small business.
Five Post-Pandemic Cost-Saving Strategies for Small Business
Post-pandemic, every business owner will be trying to find a way forward. Here are 5 cost-saving strategies for small business.
Helping Your Employees Adjust to Remote Work: A Guide
The world of work is facing changes and small business owners must adapt to our new reality. Here is a quick guide to helping your employees adjust to remote work.
Using the Capital Cost Allowance in Canada: A Guide
Want to ease your tax burden as a small business owner? Here’s a guide to using the capital cost allowance: the losses tied to asset wear and tear.
Self-Employed? How to Keep a Mileage Log for Vehicle Expenses in Canada
If you’re self-employed and use your car for business purposes, keeping a mileage log is important. Learn how to keep a mileage log for vehicle expenses in Canada.
Managing Small Business Cash Flow Problems: A Guide
COVID-19 is currently making small business cash flow problems a real challenge – and managing employee payroll even more so. This guide is a quick overview of ways you can pay your staff to the best of your ability
How Accurate Financial Records Can Increase the Value of a Small Business
Whether you’re looking to sell or just want your business to operate at peak performance, here’s how accurate business records can increase the value of a small business.