Tax News

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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Better Business Money Habits

ON February 24, 2021

It often seems as though money just doesn’t go as far as it used to, or that it goes out as fast as it comes in. Every business owner wants to save money, but often it seems like it is simply not possible. Fortunately, if you can develop better business money habits, it is possible […]

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Top Home-Based Business Tax Deduction in Canada

ON February 23, 2021

It is pretty much a given that anyone who pays taxes is going to look for any deductions they can, but if you run a home-based business, you may not be aware of what is and is not eligible. The CRA has very specific guidelines to determine whether or not a home business owner can […]

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What Do Bookkeepers Do?

ON February 4, 2021

You have most likely heard the term “bookkeeper” but if you are like most people, you probably have only a vague idea of what they do for a living. You may assume that they are accountants working under a different title, or you may have some other idea of their role and how they function […]

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5 Reasons Why People Change Their Accountants

ON January 25, 2021

Although many tend to think of accountants when it comes to tax time, they can do far more for your business than you think. They can find ways to save you money while boosting revenue, fixing your cash flow, managing your debt, and helping with business strategy. They can be a huge asset to your […]

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The Simplified Home Office Expense Deduction

ON January 14, 2021

One of the major changes wrought by the COVID-19 pandemic was the large number of Canadians who began to work remotely from home. By the end of March 2020, the number of those who had transitioned to working at home had nearly reached 5 million. Over time, many of those workers made their way back […]

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How to Eliminate Stress with Bookkeeping

ON December 28, 2020

Most of us could stand to reduce the amount of stress in our lives, especially after the year that 2020 has been. Eliminating stress in our business and personal lives is possible, allowing for more enjoyable work and home experiences. Here are some ways that bookkeeping can lift the weight of stress from your shoulders: […]

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