Borrowing Best Practices You may not always understand what your banker is seeing or what they are asking for, but the good news is that both your banker and you want to see the business succeed. That’s the...
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Moving Expenses If you are moving and are the owner of your own business you should consider deducting the expenses in your company rather than on your personal tax return. If you do not have that option,...
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Income Splitting Do you own a business – either incorporated or unincorporated – and have a spouse or one or more adult children with an income lower than your own? If so, you may be able to shift your income...
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Why Should I Review My Unanimous Shareholder Agreement? If you haven’t reviewed your Unanimous Shareholder Agreement (USA) recently, here are 3 excellent reasons why you should do so: In 2006, the Federal...
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Should You Use the GST Quick Method? All GST registrants must file GST on either an annual, quarterly or monthly basis. However there is a method available to smaller businesses that is easier, quicker and...
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CRA Fraud Protection Annually the number of CRA scams rise both before and after the April 30th tax deadline. This year, Canada Revenue Agency and police again warned taxpayers of randomly targeted fraudulent...
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On October, 19, 2015, Canadians voted in new Liberal party Prime Minister, Justin Trudeau. During the course of the election campaign, the party announced they would make certain changes related to income tax...
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If you are starting a small business in Canada or are operating one already, then this article is for you. Types of business structures The type of structure you choose has a significant effect on the way you...
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