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How to keep a CRA mileage log for vehicle expenses

Sep 13, 2019
If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

Tags: Farm Taxes, Small Business Taxes, Tax Planning, Tax Preparation, Trades Taxes

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What you need to know about CRA payroll deductions and remittance as an employer

Sep 05, 2019
How to fulfill your CRA payroll obligations as an employer.

Tags: Small Business Taxes, Tax Planning, Tax Preparation

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a female farmer gazes into a field

Year-end tax planning for farmers

Aug 23, 2019
When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

Tags: Farm Risk Management, Farm Taxes, Tax Planning, Tax Preparation

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a hand writing the word TAX on a piece of paper

What you need to know about your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

Tags: Audit Representation, Farm Taxes, Financial Planning, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation

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Is a Group RSP right for your small business?

Jul 10, 2019
You’re likely familiar with the Registered Retirement Savings Plan (RRSP), which gives Canadians a way to shelter income tax until retirement, but have you considered a Group Retirement Savings Plan for your employees?

Tags: Financial Planning, Small Business Taxes, Tax Preparation, Tax Consultation, Tax Planning

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7 simple ways to organize your receipts

Jul 04, 2019
Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

Tags: Bookkeeping, , Financial Planning, Small Business Taxes, Tax Planning, Tax Preparation

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Can you get the Canada Child Benefit if you’re self-employed?

May 29, 2019
The Canada Child Benefit is a tax-free monthly payment for those with children under the age of 18.

Tags: Tax Consultation, Tax Preparation , Tax Planning, Farm Taxes

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What Are the Canadian Tax Responsibilities when Closing a Business?

May 09, 2019
There are a lot of steps you need to take when closing your business. Not knowing what the tax obligations are could end up costing you a lot of money.

Tags: Financial Planning, Small Business Taxes, Tax Planning, Tax Preparation

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3 Things You Need to Know About Taxes and the Sharing Economy

May 08, 2019
There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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Nova Scotia Budget Report 2019

Nova Scotia Budget Report 2019

Mar 26, 2019
The Nova Scotia province’s fiscal 2019–20 budget contains no new taxes and no tax increases. The budget focused on 4 key priorities: Improving Access to Healthcare; Investing in Education and preparing Youth for the Workforce; Creating the Conditions for Economic Growth; and Supporting People and Communities.

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“At least eighty percent of millionaires are self-made. That is, they started with nothing but ambition and energy, the same way most of us start.” — Brian Tracy