Tax News

Why You Should Hire a Bookkeeper for Your Business

ON July 26, 2021

Small business owners may not consider a bookkeeper a necessity. Perhaps they are something to add later once the business has reached a certain size and level of success. Now, you may be keeping your books yourself, but that isn’t why you started your business, is it? Bookkeeping, if it is to be done well, […]

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Valuable Accounting Tips for Business Owners

ON July 14, 2021

For many business owners, business accounting can be an unpleasant distraction from what they see as the actual running of their company. Following some best practices can help to streamline things and make your accounting a bit easier to handle. The Importance of Business Accounting It doesn’t matter how large or how small your business […]

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Are You Getting the Right Level of Accounting Support?

ON June 22, 2021

Like many new business owners, you are more than likely to take on the accounting duties yourself. But if you’d rather be focussing on growing your business, it is a good idea to seek help. So, how do you know what level of accounting support is right for your organization’s needs? Read on to learn […]

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Top 10 Payroll Questions Answered

ON June 15, 2021

Payroll administration can be challenging, with several factors to be aware of. It is also an incredibly important part of your business, with your employees relying on you to ensure that it is handled correctly. It is an aspect of business that you don’t want to get wrong. Here are some of the most commonly […]

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Medical Expenses You May Be Missing

ON May 28, 2021

We all want to save whatever money we can on our taxes. Tax credits are one way to do it, but are you taking advantage of all the credits available to you? Here are some medical expenses that are eligible for the medical expense tax credit which you may not be aware of. Celiac Disease […]

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Accounting Support Levels

ON May 15, 2021

Some business owners try to do as much as possible by themselves. When it comes to something like accounting, however, they may not feel comfortable handling it on their own and may want to have assistance. Alternately, they may simply prefer to devote their time and energy to other parts of the business. When seeking […]

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Canadian Sales Tax for Online Sellers

ON April 24, 2021

As more businesses, particularly smaller ones, adapt to recurring shutdowns by selling online, new records are being set. Statistics Canada estimates that retail e-commerce sales more than doubled for the period of February through May of 2020 compared to 2019. But while selling online has been a massive benefit to businesses during a difficult time, […]

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Tax Credits and Savings Plans for College Age Kids

ON April 9, 2021

New parents may be surprised to find themselves discussing their little one’s post-secondary education within days of the child’s birth. It can seem a bit strange to start planning for the final years of a child’s schooling long before they begin kindergarten, but with the ever-increasing cost of education, it makes sense; it can take […]

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Do I have to Charge GST?

ON March 25, 2021

If you are self-employed or considering starting up your own business, you may be concerned and unsure about the tax implications of your business. The rules of GST/ HST may seem daunting or difficult to understand. This article aims to make things clearer for you. Taxes vary according to province in the following manner: Alberta […]

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Understanding Business Tax Payments

ON March 13, 2021

With modern technology changing rapidly and affecting virtually every part of our daily lives, it is no surprise that the Canada Revenue Agency (CRA) should be implementing changes that make use of these advances, as they have done with CRA Business Tax Payments. CRA payments are now being made online. Previously, a business would receive a […]

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