Articles

Few investments are as advantageous as a Mortgage Investment Corporation (MIC), when it comes to returns and tax benefits. Because of their corporate structure, MICs do not pay income tax and are legally mandated to distribute all of their earnings to investors. On top of that, MIC dividend payouts are treated as interest income for … Read more

Financial ratios are like a thermometer for various aspects of your business’s health. By keeping an eye on these numbers, you can act quickly to mitigate potential risks and look into relevant elements of your books to make data-backed decisions that help drive up profitability. Financial Ratios Calculator While financial ratios on their own don’t … Read more

  Financial ratios are like a thermometer for various aspects of your business’s health. By keeping an eye on these numbers, you can act quickly to mitigate potential risks and look into relevant elements of your books to make data-backed decisions that help drive up profitability. Learn more about these financial ratios and what they … Read more

Every business needs to properly manage the flow of money through its organization and daily management of this process is essential. To gain insight into this flow of funds, you’ve got to have a fast method to break down a cash flow statement thoroughly. The cash flow calculator can get you to that goal and … Read more

  Every business needs to properly manage the flow of money through its organization and daily management of this process is essential. To gain insight into this flow of funds, you’ve got to have a fast method to break down a cash flow statement thoroughly. The cash flow calculator can get you to that goal … Read more

Technology is an essential part of business management. Technology allows you to automate common, recurring steps in financial management such as recording sales. Using digital communication allows you to speak directly with different parts of your business, to track spending better. And some technologies predict the trends of business, such as how much capital it will … Read more

If you are an owner operator truck driver in Canada, there are a large number of tax deductions that you can take advantage of (and should). Maximizing your tax deductions minimizes your tax burden, which results in you keeping more of your hard-earned money. Below are some tax tips long-haul Canadian truckers should be aware … Read more

Long-haul truck driving in Canada can be grueling, with drivers working 13 hours per day, and even longer if they work north of the 60th parallel. While the average salary ranges from $55,000 to $65,000 per year, long-haul drivers are often paid bonuses, enabling them to earn significantly more. Unfortunately, this can also mean paying … Read more

Whether you’re a seasoned farmer who has outgrown your current operations or you’re thinking of starting a new farm business, it’s important to have a business plan. Not only a farm business plan help you focus on your goals, it provides the answers you need to make the farming operation run smoothly, and make financing, … Read more

There is more to a logistics business and trucking business than handling, moving, and storing cargo and goods. A logistics company is also responsible for customs clearance, GST/HST issues, and tax compliance. Unfortunately, Canada’s tax landscape can be confusing and if you don’t have a comprehensive understanding of Canada’s ever-changing tax environment, it can get … Read more