Understanding RRSP in Canada
What is RRSP? RRSP (Registered Retirement Savings Plan) is a savings plan that is registered with the Canadian government and is used to help Canadians save for their retirement. It … Read more
accounting
Benefits of a Personal Pension Plan for Small Business Owners
As a small business owner, you wear many hats and have many responsibilities, including making sure your business is financially stable. One important aspect of this is planning for your … Read more
How to Unlock Your Company’s Potential with a Strong Stream of Recurring Revenue?
The importance of recurring revenue in determining the value of a company cannot be overstated. The more an acquirer can see where a company’s future sales will come from, the … Read more
What Expenses Can I Deduct?
As a business owner, it’s important to understand what expenses you can claim as deductions on your taxes. These deductions can help lower your overall tax bill, but it’s important … Read more
Starting Vs. Growing a Business
Most company founders are good at the first stages of entrepreneurship. But in the phases that follow, they may only be average. Just because you have a knack for starting … Read more
CRA My Account vs My Business Account: Key Differences
The Canada Revenue Agency (CRA) offers several online services to help individuals and businesses manage their tax affairs. If you’re a business owner or self-employed individual in Ontario, you may … Read more
How to sell the “prevention” instead of the “cure”?
To grow a valuable business – one you can sell – you need to set up your company so that it is no longer reliant on you. This can be … Read more
Income Smoothing for Personal Real Estate Corporations
A number of people want to invest in real estate, but they don’t want to go through the hassle or risk of buying a property. If you are one of … Read more
Income Splitting for Personal Real Estate Corporations
Income splitting for Personal Real Estate Corporations is a way for real estate investors to leverage the corporate tax rates in order to reduce their total taxes paid. Income splitting … Read more
How to Create a Recurring Revenue Model That Appeals to Customers?
Have you struggled to identify a recurring revenue model that will work in your business? If so, you’re not alone. Most owners understand the benefits of recurring revenue, such as … Read more