Last updated: Jul. 31, 2019
If you’re a small business owner and are thinking about selling your business, it’s a good idea to start succession planning. According to the CFIB, the vast majority of business owners (81 per cent) intend to sell or transfer their business to retire, although only a fraction of them have started … Read more
Last updated: Jul. 26, 2019
In July, we listened and learned how blogging is far from dead, why it’s critical to devote time to recovery as a small business owner, the importance of women investing in early-stage companies, what the Beyond Meat burger could mean for Canadian pulse growers, and how to navigate an ownership transition. … Read more
Last updated: 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 (RSP) for your employees? How does a Group RSP work? A Group RSP is a group retirement savings plan managed and … Read more
Last updated: May. 29, 2019
The more tax credits you can take advantage of, the lower your taxable income will be. There are some refundable tax credits you can use even if you don’t owe any taxes. Keep reading to discover an important tax tip if you’re self-employed and have children. What Is the Canada Child … Read more
Last updated: May. 9, 2019
It takes a lot of work to get a business up and running, and even more work to make it a success. There are also a lot of things that need to be done when closing a business, whether it’s a sole proprietorship, partnership or corporation. Taking care of any tax … Read more
Last updated: May. 8, 2019
The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the … Read more
Last updated: Apr. 11, 2019
“Protecting What Matters Most” On April 11, 2019 Ontario’s Finance Minister Victor Fedeli tabled the province’s budget on April 11. As expected, the budget includes a range of cost-cutting measures to help move the province towards a balanced budget but also introduced key spending initiatives. The budget focused on 4 key … Read more
Last updated: Apr. 3, 2019
If you’re a small business owner chances are you like doing things on your own. While there are a lot of benefits to running your own business, unless you love math and crunching numbers, odds are bookkeeping and preparing your taxes are not something you love to do. If this is … Read more
Last updated: Mar. 27, 2019
If you don’t know where your break-even point of operating your business is, you’re in trouble when it comes to forecasting and planning for the future. New businesses, especially in the run-up to launch, have different break-even points than established businesses. Understanding where you fall is essential to determining whether you’re … Read more