Last updated: Mar. 22, 2017 
Getting a tax refund can make a big difference if you’re a small business owner. But what should you do with that tax refund? Understanding the cash needs of your small business is important to helping the business grow.  Save Your Tax Refund for Emergencies For many Canadian small business owners, … Read more

Last updated: Mar. 15, 2017 
What Is Principal Residence Deduction? When you sell your home, you will hopefully, earn money from the sale, or, in tax terms, realize a capital gain. If the property was your principal residence for every year you owned it, you do not have to pay any tax on the capital gains. … Read more

Last updated: Mar. 1, 2017 
Hiring a Tax Professional for Your Small Business If you’re a small business owner, you understand that tackling finances can be frustrating and time-consuming. Hiring a professional accounting consultant is one of the most beneficial steps a small business owner can do. Not only can a professional tax specialist help you … Read more

Last updated: Feb. 22, 2017 
Looking to Start a Small Farm? Canadian agriculture continues to be financially strong with a lot of opportunities for growth. As a result, more and more people are drawn to starting a small- to medium-scale farming business. After all, it can be exciting to dream about deciding what you want to … Read more

Last updated: Feb. 15, 2017 
Small Business and Self-Employed Income Tax Tips Owning a small business or being self-employed allows you to create a business you are passionate about. It can also mean a more flexible work schedule and the chance to make more money than you did as an employee. But there is one added … Read more

Last updated: Feb. 8, 2017 
More and More Canadians Operating Online Businesses Canada is a country of small businesses. In fact, 97.9% of Canadian businesses have fewer than 100 employees. Of the 1.16 million active businesses in Canada, micro-enterprises (one to four employees) make up 54.1% of all private employers—the largest group in the country. Many … Read more

Last updated: Feb. 1, 2017 
There are a lot of great reasons to hire an income tax consulting firm if you’re a small business owner or farmer. Tax experts can help with everything from financial planning to business consultation, a loan application, government audit, bookkeeping, financial planning, and preparing and filing your taxes. Finding the right … Read more

Last updated: Jan. 25, 2017 
Can Farmers Claim All Farming Losses? Are farming losses always fully deductible for Canadian farmers? It sounds like an easy question, but it isn’t. In general, self-employed individuals can deduct losses from one business (or income source) against another without any restrictions. However, this across-the-board rule does not apply for farming. … Read more