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
Last updated: Feb. 20, 2019
On 19 February 2019, British Columbia Finance Minister Carole James tabled the province’s fiscal 2019–20 budget. Although the budget does not include any new changes to the corporate or personal tax rates, it enhances the province’s Small Business Venture Capital Tax Credit program and introduces the new B.C. Child Opportunity Benefit … Read more
Last updated: Feb. 20, 2019
Each year, more than 1 million Canadian employers fill out more than 9 million ROE forms for their employees, according to the Government of Canada. A record of employment (ROE) is the single most important document in the Employment Insurance (EI) program. As an employer, find out what your responsibilities are … Read more
Last updated: Feb. 13, 2019
We may only be a few weeks into the new year, but as soon as the clock strikes midnight on January 1, it means tax season is just around the corner. It might not be at the top of your list for fun things to do, but it’s never too early … Read more
Last updated: Feb. 6, 2019
When you run a small business, one of the most important things you’ll find yourself doing on a periodic basis is tracking the amount of cash going in and out of your business – or in accounting jargon, cash flow. However, as an entrepreneur you’re to juggling many responsibilities all at … Read more