how to launch an online store for ontario businesses
If you have a small business in Ontario with fewer than 25 employees, you can get help setting up an online store to sell your goods and services. Your … Read more
CPA4IT
Salary or dividends, how do I pay myself?
The question “How do I pay myself?” has two answers for a small business owner who has set up a corporation; she can pay herself a salary or she can … Read more
Tax Credit vs Tax Deduction: Key Differences Explained
A tax deduction saves tax at your marginal tax rate. Your marginal tax rate is the amount of tax you pay on the next dollar of income. A tax credit … Read more
Raising your business like a child
Why did you decide to become an entrepreneur? If you’re like most owners, you aspire to have the freedom that comes from owning your own business: The freedom to decide how … Read more
Are Your Expenses Deductible? Tips on Tracking Them
We encourage our clients to keep track of all expenses whether deductible or not. Any expense whose deductibility is uncertain should be tracked in the ask my accountant category. At … Read more
What happens if I forgot to obtain a receipt?
Receipts are generally required to substantiate an expense. However, if you forget to obtain a receipt, you should write a receipt from yourself to your business in as much detail … Read more