by admin | Mar 29, 2018 | Accounting Tips, Small Business, Tax Tips
Incorporating a small business in general can provide some tax advantages such as: access to the small business deduction a potential deferral of taxes if profits are kept in the corporation access to the capital gains exemption on sale of qualified small business...
by admin | May 15, 2017 | Entrepreneur, Loans, Tax Tips, Taxes
As a small business owner and perhaps sole shareholder of your business, you’ve probably heard about an account called a shareholder loan. The company you own can loan you funds for various purposes. Sometimes this in the form of advances you take throughout the...
by admin | Apr 27, 2017 | Accounting Tips, Bookkeeping, Tax Tips, Taxes
This tax season may have been an eye opener, if you are looking to make some changes to the way you are preparing for your taxes here are some tips to ensure its not so hard next time around Say yes to receipts Credit and debit statements only tell part of the story....
by admin | Jan 13, 2017 | Accounting Tips, Bookkeeping, Self-Employed, Tax Tips
It can be easy to overlook specific accounting activities when running your business. The realty is – your busy! But if you keep these next few things in mind and on your daily checklist, they will keep you in the clear and complying with CRA. It is easy to...
by admin | Apr 19, 2016 | Accountant, Accounting Tips, Entrepreneur, Tax Accountant, Tax Tips, Taxes
A call from the Canada Revenue Agency (the CRA, sometimes known by the former name of Revenue Canada) can feel scary and intimidating. We understand. It’s one of the reasons having your taxes done by a professional and keeping records together and complete are...
by admin | Jan 26, 2016 | RESP's, Tax Accountant, Tax Tips
If you have children, and you’re already starting to save for their college or university education, you likely have a RESP – Registered Education Savings Plan. It’s a savings plan that allows the beneficiary to receive the funds to pay for education when they attend...
