Articles

It’s tax season. For many small business owners in Canada, this is a season of dread: making sure your bookkeeping is in order and up-to-date, collecting receipts, and taking time to fill out the Canada Revenue Agency’s (CRA) often confusing tax forms. Unfortunately, waiting until the last minute can lead to increased stress; rushing to … Read more

Keeping Our Promises … Real Progress for Manitobans On March 12, 2018, the Honourable Cameron Friesen presented his third budget as Minister of Finance.   The budget contains several tax measures affecting individuals and corporations. Although the budget does not include any changes to Manitoba’s corporate or personal tax rates, it increases the amount of … Read more

AgriStability – What’s New for 2018 A new 2018 Program was recently announced and, while there were only some minor changes, it is an opportunity for you to evaluate your Ag Risk Management, which includes AgriStability as an option. AgriStability is one of the risk management programs that was offered under the Growing Forward 2 … Read more

Earlier this week we provided a summary of the 2018 federal budget. There were a lot of concerns about how this latest budget would affect Canadian small business owners. For starters, there are a large number of key items in the 2018 federal budget which small business owners should pay close attention to. For example, … Read more

On February 27, 2018, the Honourable Bill Morneau presented his third budget as Minister of Finance.   The 2018 Federal Budget, entitled “Equality and Growth,” focuses on: Improving the economic success of women and advancing Canada’s gender equality goals. Enhancing innovation funding to improve the competitiveness of the Canadian business environment. Continuing with its agenda … Read more

On 20 February 2018, British Columbia Finance Minister Carole James tabled the province’s fiscal 2018–19 budget. The budget contains several tax measures affecting individuals and corporations.  The minister anticipates a surplus of $219 million for 2018-19, and projects surpluses for each of the next two years. Highlights New child care program that makes care effectively … Read more

As a small Canadian business owner, having accurate and organized financial statements can help you run your business more efficiently and effectively. Financial statements are a barometer of your company’s success. Your business’s financial statements can include information on income, capital expenditures, cash flow, balance sheets, etc.   Financial statements also let others know how … Read more

We offer Lunch & Learn sessions across Canada on various topics for small business owners. Watch for more info on upcoming times in your area. If you have an organization or business group that you would like to invite us to present at, let us know. We work with thousands of farm and small business … Read more

Preparing income tax returns for small businesses can be daunting. Not only are the tax forms a little confusing, Canada’s tax laws change with great frequency and without fanfare; it’s up to you to keep track of everything going on at the Canada Revenue Agency (CRA). To avoid tax-related problems, ensure you’re taking advantage of … Read more

Hiring a Tax Consultant for Your Small Business Hiring a professional tax consultant for your small business is a strategic move that could save your business a lot of money in the long run. A small business tax consultant is important to your business’ bottom line because they are there for the entire annual business … Read more