Last updated: Mar. 20, 2019
The Right Balance! On March 20, 2019, Finance Minister Donna Harpauer delivered her second budget as Finance Minister. The budget is balanced and anticipates a surplus of $34.4 million for 2019-20 and $49 million for 2020-21. Although the budget does not include any new changes to the corporate or personal tax … Read more
Last updated: Mar. 20, 2019
Tax Deductions You Might Be Forgetting The average small business owner in Canada pays more than 42% of their income in taxes. First off, that’s a lot of money. Second, no one wants to give more of their income to the Canada Revenue Agency (CRA) than they legally need to. Unfortunately, … Read more
Last updated: Mar. 19, 2019
“A Budget that works for all New Brunswickers” On March 19, 2019, New Brunswick Finance Minister Cathy Rogers delivered the province’s 2019 budget. The budget focused on three key priorities: Investments in seniors; Youth employment; and Economic competitiveness. The 2018-2019 budget projects government revenues to increase by 1.77%, while expenses are … Read more
Last updated: Mar. 19, 2019
On March 19, 2019, the Honourable Bill Morneau presented his fourth budget as Minister of Finance. The 2019 Federal Budget, entitled “Investing in the Middle Class”, focuses on: Making Home ownership more affordable for first-time buyers. Help workers gain new skills. Preparing young Canadians for good jobs. Helping Canadians with the … Read more
Last updated: Mar. 13, 2019
Each year, business owners spend significant money on health care expenses for both their employees and themselves. Setting up a Health Spending Account (HSA) is an affordable way for Canadian small business owners to minimize their medical expense costs. Why an HSA? A Health Spending Account is a tax-efficient way to … Read more
Last updated: Mar. 8, 2019
On March 7, 2019, the Honourable Scott Fielding presented his first budget as Minister of Finance. The budget contains several tax measures affecting individuals and corporations. The 2018-2019 deficit is estimated to be $470 million. The budgeted deficit is estimated to be $360 million for 2019-2020, with revenues projected to increase … Read more
Last updated: Mar. 6, 2019
U.S. tariffs on imports have caused negative shifts in the global agricultural supply. As a result, Canadian farmers have become innocent bystanders, hit by China’s retaliatory trade strikes against the United States. Canadian Farmers Worse Off than US Farmers This comes just a year after the Federal Government announced changes to … Read more
Last updated: Feb. 27, 2019
Many businesses find it difficult to reach the next level without taking out a small business loan. Before borrowing money, there are some calculations you can do to determine if a small business loan is right for you. 1. Is it time to expand your business? Growth can come from expansion … Read more
Last updated: Feb. 27, 2019
Many businesses find it difficult to reach the next level after a growth plateau without taking out a small business loan. Before committing to borrowing money, there are some calculations you can do to determine if a small business loan is right for you. Thinking About Getting A Loan? Read our … Read more