As a new business owner do you cringe when you see that little envelope from the CRA show up at your place of business? Then keep on reading! As a new small business owner there’s an unspoken rule that all entrepreneurs are the wearer of many hats. Many factors attribute to this philosophy especially in […]
Category: Accounting
Year-End Tax Strategies
It’s never too early to start planning your year-end tax strategies. For many businesses, the month of October signals that the end of the fiscal year is not far away. Realizing that December 31 is fast approaching should prompt you, as an owner-manager, to review your year-to-date corporate and personal data and start putting your […]
Zappers: Electronic Sales Suppression Legislation in Canada
New federal legislation is now in place to punish users of electronic sales suppression software. […]
Finalizing Your Income Taxes in Canada: Use Your Deductions
Keep complete records and make use of all your eligible deductions. Yes, it’s time to start thinking about income taxes again. The Holidays are over and the credit card statements are starting to come in so you’re probably thinking about money anyway. […]
5 Accounting Tips for the Small Business Owner
Being the boss is much more complicated than being a simple employee. You don’t cash in your paycheck every two weeks and forget about your worries. There are a lot of responsibilities you need to juggle at once. […]
How To Save Money By Outsourcing Your Accounting
If you run your own business you know just how expensive professional accounting charges can be. Financial statements are an essential element of a successfully run business, yet their cost can be high. […]
Corporate Tax – who has to file?
This is a question often asked of me by new clients. “I have a corporation, do I need to file a tax return? I don’t earn very much”. The truth is, all resident corporations have to file a tax return every year, regardless of income levels or any other factors. […]
Compilations and Notice to Readers (NTRs)
So what are these things anyway? What is an notice to reader (NTR), and why do I care about it? […]
Attention Self-Employed and Small Business Owners: Your taxes are due soon!
Well, actually, you were supposed to pay them a while ago (April 30), but your actual return must be filed soon. If you are self employed, or own a corporation, keep reading. […]