Should you be tracking your revenue?
As a small business owner, it’s important to keep track of your revenue. This can help you make informed decisions about your business and ensure that you’re on track to … Read more
taxes
How to Complete the CRA Authorize a Representative Request
The CRA Authorize a Representative Request authorizes our firm to speak to the CRA on your behalf and access your CRA account as your representative. The CRA recently changed the … Read more
How to Generate invoices using QuickBooks and Xero?
Given all of the benefits of e-invoicing, it’s clear that using this method will provide maximum productivity and help you track your revenue accurately. Using e-invoicing provides a clear window … Read more
What Can You Claim as a Small Business Expense in Canada?
As a sole proprietor or self-employed consultant, tracking your expenses and recording them in bookkeeping and accounting software, such as Quickbooks is essential for the health of your business and … Read more
What are the benefits of setting up a Holding Company?
A holding company is a corporation or LLC that does not manufacture or provide any goods or services. The main purpose of a holding company is to hold the controlling … Read more
How to Leverage Income Splitting?
What is Income Splitting? Income splitting is the strategy of moving income from a family member in a higher personal income tax bracket to a family member in a lower … Read more
IMPORTANT CHANGES REGARDING ANNUAL RETURNS FOR ONTARIO REGISTERED CORPORATIONS AND THE NEW ONTARIO BUSINESS REGISTRY
Any business incorporated, amalgamated, or continued in Ontario, including foreign entities that carry on business in the province, are required to file an annual return with the government of Ontario … Read more
How to run a sideline business as per CRA guidelines?
It is very common for tax laws to change frequently. Hence, it is important for small business owners to constantly keep up with these changes to ensure they are compliant … Read more
