Articles

Don’t Be Scared of Retiring Planning for retirement can be a daunting task if you’re going it alone. While some companies may provide pensions, Canadians who have small businesses, farm, or are in certain trades may not have this umbrella. Maximizing your tax savings and planning for your retirement alongside your tax preparation can help … Read more

Use this retirement calculator to determine how much your retirement savings will net each month, and take into account how much of your current monthly overhead is going toward debt payment. Over the course of decades, your nest egg can grow. This retirement calculator from FBC can show you just how much early investments can … Read more

If you have employees, as an employer you are obligated to automatically deduct income tax each time you pay your employees. You are also obligated to issue T4 slips to all employees from the past year by the end of February. For your employees, the T4 slip(s) represent the entire income earned and how much … Read more

Taking Advantage of Home-Based Income Tax Deductions Whether you’re self-employed and operate a home-based business or work for someone else, you have to pay taxes. On the front end, federal and provincial taxes get deducted from your pay. You also end up paying taxes on day-to-day purchases, like food, household expenses, rent, utilities, gas, etc. … Read more

Starting an Internet marketing business can be challenging, fun, and lucrative—all at the same time. It’s an excellent opportunity to earn money while in the comforts of your home. At the same time, an Internet marketing business requires less monetary investment compared to the physical facilities required for your farm or small business. For beginners, … Read more

Franchising a business has gained an increase in popularity today. We’re all in a clamor to earn more – or to be our boss. There are many advantages when choosing to go for a franchised business, rather than start up your own from scratch. If you don’t know where (and WHAT) business to start, then … Read more

We wanted to make sure that all dairy producers are aware of this program and the upcoming deadlines to participate. Be sure to share this with any dairy producers that you know. Phase Two Recently Announced The Dairy Farm Investment Program is a five-year $250-million program to help Canadian cow milk producers improve productivity through … Read more

When it comes to small businesses, Canada is very entrepreneurial. According to the most recent data from the Government of Canada, 1.14 million, or 97%, of all enterprises are classified as small businesses. Despite the varied number of small businesses in Canada, there is one thing that all small business owners have in common: the … Read more

This article originally appeared May 4, 2017 | Robert Graham, Miller Thomson LLP Not just anyone can become a farmer; yet many Canadians aspire to transfer from their existing occupation into farming. The challenge with said aspiration is that starting up a farm business is difficult, and though the federal government provides some financial incentives … Read more

Putting up a business has never been easier now that we have e-commerce. Platforms like eBay and Amazon have paved the way for small- and medium-enterprises to reach more customers globally. Online marketplaces can promote your products and services to a targeted audience with a few clicks. Before you create a seller’s profile on the … Read more