Newsletter

When is it time to hire an accountant?

ON October 3, 2016

Entrepreneurs are multi-taskers, taking a DIY approach whenever they can. Why pay for something when you can complete the task yourself? So, it makes sense that many small business owners are reluctant to hire an accountant. But if spending time on your accounting is taking you away from working on your business, you’ll probably want […]

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Tax Advice for Freelancers

ON September 21, 2016

Who wouldn’t want to be a freelancer? You get to work where you want, when you want, and how little or much you want. Sounds great! But, keep in mind, all that freedom comes at a cost. With no payroll deducting your income tax, your chances of receiving a refund are pretty much next to […]

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5 Tax Tips for the Small Business Owner

ON August 15, 2016

The 2016 tax season has come and gone. And like many, you are probably enjoying the summer months, with taxes being the last thing on your mind. However, just because tax season isn’t for some time, it shouldn’t stop you from preparing for next year—especially if you are a time-crunched small business owner. Here are […]

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Tax Tips & Traps – Spring 2016

ON August 3, 2016

Tax Tips Traps Newsletter – Spring 2016 (PDF) In this edition: TAX TICKLERS TIPS AND GRATUITIES Employer’s Responsibilities to Withhold CPP and EI WORKING BUT NOT PAYING YOURSELF Employment Insurance Issues CRA SCAMMERS Who is Really Calling? MULTIPLICATION OF THE SMALL BUSINESS DEDUCTION Significant Changes Ahead COMBINED AUDITS OF OWNER-MANAGED COMPANIES Shareholders’ Personal Information CREDIT CARD […]

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Can I Write Off Moving Expenses?

ON August 2, 2016

The warm summer season is the perfect moving time for many Canadians. And if you are one of them, you are undoubtedly planning or in the midst of a summertime move. Whether it’s for a new job, to be closer to school, or you are looking to upsize or downsize, there is a host of […]

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How to Pay Yourself as a Small Business Owner?

ON July 25, 2016

As the owner of a Canadian small business, you will want to know the different ways you can pay yourself. After all, it’s part of the benefits of the “be your own boss thing,” right? When it comes to enjoying the fruits of your labour, there are a few ways to do this. So, without […]

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Tax Tips & Traps – Summer 2016

ON July 19, 2016

TaxTipsTraps_Q2_2016 PDF – 3 MB In this edition: TAX TICKLERS CREDIT CARD COMPARISON Do You Have the Best Credit Card for Your Needs? TIPS AND GRATUITIES Employer’s Responsibilities to Withhold CPP and EI MULTIPLICATION OF THE SMALL BUSINESS DEDUCTION Significant Changes Ahead COMBINED AUDITS OF OWNER-MANAGED COMPANIES Shareholders’ Personal Information WORKING BUT NOT PAYING YOURSELF Employment […]

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5 Expenses That Are Not Tax Deductible

ON June 27, 2016

There is a fine line between looking to save some cash on your taxes and taking deductions that will probably raise a few red flags at the Canada Revenue Agency. So, if you are thinking that those snazzy new threads you bought for work are tax deductible, you could be in for a bit of […]

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Here’s What Can Happen If You Don’t Pay Your Taxes

ON June 22, 2016

Now that summer is here and tax season is nothing more than a distant memory, you are probably breathing a sigh of relief. Gone are the days of enduring meticulous research, filing reports, and paying off tax debt (at least for another year anyway). Yes, you can finally sit back, relax and enjoy the sun, […]

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3 Tax-Free Benefits You Can Get From Your Small Business

ON April 15, 2016

Let’s be honest. Being your own boss comes with some pretty nifty perks. You get to make the big decisions, set your own hours, choose your clients and types of work—all of which can open the doors to a more flexible lifestyle. And who wouldn’t want that? Did you also know that owning a small […]

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