Tax News

Budget Pitfalls That Can Ruin Your Startup

ON August 21, 2018

As your new business first takes form, you will likely be focused on your long-term vision and goals. That is perfectly understandable, and this is often what makes the early days of your enterprise exciting. It is important, however, not to lose sight of something that is critical to your success: budgeting. By focusing on […]

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Why Your Business Shouldn’t Use Excel for Accounting

ON August 14, 2018

Many small businesses don’t think twice about their choices for bookkeeping and go straight for Excel. After all, Excel is extremely well-known. It has been around seemingly forever, most people are familiar with it, and it is an easy matter to find multiple online tutorials and sample accounting formulas. But while it is the default […]

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Here’s the Information you’ll Need to Get a Business Loan

ON August 4, 2018

Many businesses will at some point require a loan, whether to cover startup expenses, or some other financial need. Despite the fact that such loans are commonplace, far too many entrepreneurs are unaware of—and unprepared for—the type of requests for information that they will be faced with upon approaching a financial institution. Your reason for […]

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Ways entrepreneurs can conquer cash flow challenges

ON July 29, 2018

As an entrepreneur, you have a lot on your plate as you build your business. Several concerns will vie for your attention every day, but of them all, perhaps the most important—and potentially the most challenging—will be cash flow management. Understanding cash flow is vital to the ongoing success of your business, but the average […]

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Tax Tips Traps – 1st Quarter 2018

ON April 5, 2018

TAX TICKLERS INCOME SPRINKLING: Where Are We Now? INPUT TAX CREDITS: Checking Up On Suppliers MARIJUANA: A Growing Industry LOANS TO A RELATIVE’S BUSINESS: What Happens When It Goes Bad? BUSINESS FAILURE: Personal Liability for Corporate Tax Debt COMMISSION PAID TO A CORPORATION: Any Issues? TAX TICKLERS…some quick points to consider… Of the approximately 28 […]

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How to Get a Refund on Your GST

ON February 16, 2018

If you operate a Canadian business and are registered for the GST/ HST, did you know that you can get back the GST/ HST paid during a given reporting period? You can, if you claim it through Input Tax Credits (ITCs) on your GST/ HST return. What are Input Tax Credits? What are Input Tax […]

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Vancouver Tax Deductions You Don’t Want to Miss

ON February 8, 2018

A commonly held view of tax season is that it is unpleasant and stressful. Certainly, that may be the case for some people, especially if they miss deductions to which they are entitled. With more than 400 tax deductions available to Canadians, there are ample opportunities for you to save, and just as many opportunities […]

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Taking charge Of Your Tax Checklist

ON January 31, 2018

There are quite a few things to consider where taxes are concerned. Keeping track of required documents, and even simply knowing what expenses are claimable or not, can be troublesome for many. The Canadian Tax system has more than 400 different credits and deductions, making it something of a challenge to know everything you are […]

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Top Year End Tax Planning Tips

ON January 16, 2018

Tax season is on the horizon, and so as we enter a new year, we are preparing to pay for the old one. Perhaps you managed to find new ways to reduce the amount you will pay, taking advantage of all your options. But maybe you forgot, or simply didn’t know all the ways you […]

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Top Ten Canadian Tax Tips for Charitable Donations

ON January 4, 2018

Many of us like to give to charity when we can because it’s a great way to help our communities and those in need. While the purpose of giving is obviously to help the recipient, it’s worth noting that there are benefits for the giver as well (aside from just making you feel good). So […]

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