A Guide to EI (Employment Insurance) for Canadians
You can apply for EI if you’ve been let go from your job but can’t apply for EI if you resigned from your job…
A Guide to Canadian Tax Losses
The main reason why tax deferral can be quite helpful to a business owner is that you save on paying taxes today. This allows you to push the tax liability you owe to a future date…
Tax Deferral: A benefit of incorporation in Canada
The main reason why tax deferral can be quite helpful to a business owner is that you save on paying taxes today. This allows you to push the tax liability you owe to a future date…
A Simple Guide to Form T2125
If you’re a business owner and do not own a corporation, you will be required to understand Form T2125…
What is a Shareholder Loan?
In this blog post we will cover what is a shareholder loan and how one is created. Shareholder loans can be quite confusing…
A Guide to Canadian Tax Slips: T4 vs. T4A vs. T5
In this blog post, we will outline the most common tax slips that you will receive at tax time…
3 reasons to open a Business Bank Account
In this post we’ll go through our top three reasons why we advise our clients to open a business…
Can I Expense My Car?
Which car expenses are deductible when filing your tax return…
How to Pay Your Employees
Your company is finally gaining traction and you’d like to hire your first employee.
Tax 2020: Claiming WFH expenses Due to COVID-19
How to claim expenses for Working From Home due to COVID-19 on your 2020 Tax Return.
GST/HST 101
Anyone in Canada that sells goods/services worth more than $30,000 is required to charge GST/HST to customers.
Paying yourself as a business owner: Salary vs. Dividends
As a founder, at some point, you will take compensation from your company to cover your living expenses and maintain your lifestyle.
A Guide for Canadian Tax Deadlines and Installments
If you keep forgetting tax deadlines, bookmark this post…
Top 5 Reasons to Incorporate
As a founder, one of the first decisions you will have to make is whether or not you should incorporate your company.
Self-Employment Tax Guide
Taxes for individuals who are self-employed individuals can be confusing…
Principal Residence Exemption – A Simple Guide
One of the great things about owning a house in Canada is that when you sell your house…