a woman looks at her mileage app while exiting her car

How to keep a CRA mileage log for vehicle expenses

Sep 13, 2019
If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

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What you need to know about CRA payroll deductions and remittance as an employer

Sep 05, 2019
How to fulfill your CRA payroll obligations as an employer.

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Our top picks for August 2019

Aug 26, 2019
We list our favourite picks from around the web that offer inspiration, advice and interesting information for small businesses.

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Year-end tax planning for farmers

Aug 23, 2019
When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

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How to use income splitting to reduce your tax bill

Aug 14, 2019
While there are attribution rules in place that prevent income splitting, there are exceptions to the rules you can use to make income splitting work to your advantage and grow your family wealth.

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5 cash-flow mistakes small business owners make

Aug 09, 2019
One of the most important things you can do for the financial health of your small business is to monitor your cash flow - the amount of money going in and out of the business. Sounds simple, right? But many small business owners find themselves with unexpected shortfalls.

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Selling your small business: Share sale vs asset sale

Jul 31, 2019
If you’re selling your small business, is it better to do a share sale or an asset sale?

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Our favourite small business podcast episodes from July 2019

Jul 26, 2019
We list our favourite podcasts from the month that offer inspiration, advice and interesting information for small businesses.

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What you need to know about your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

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Is a Group RSP right for your small business?

Jul 10, 2019
You’re likely familiar with the Registered Retirement Savings Plan (RRSP), which gives Canadians a way to shelter income tax until retirement, but have you considered a Group Retirement Savings Plan for your employees?

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“At least eighty percent of millionaires are self-made. That is, they started with nothing but ambition and energy, the same way most of us start.” — Brian Tracy