Articles: Small Business Taxes

Last updated: 2019-09-05 10:45:14 Granted, payroll obligations are not a simple procedure and the red tape may seem overwhelming at times but it is one area that attracts close scrutiny from the Canada Revenue Agency (CRA). Essentially, you have to record and remit deductions for Canada Pension Plan (CPP), employment insurance (EI) and all federal, provincial … Read more

Last updated: 2019-08-26 13:33:41 In August, we learned about the best way to engage your email list, how to connect with consumers, why you should spend time upgrading old blog content, and the importance of slowing down. Here’s a list of our top picks from around the web that offer inspiration, advice and interesting information for … Read more

Last updated: 2019-07-31 11:51:54 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 succession … Read more

Last updated: 2019-07-26 14:01:49 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. Here … Read more

Last updated: 2019-07-10 09:35:57 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 administered … Read more

Last updated: 2019-05-29 14:19:45 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 Benefit? … Read more

Last updated: 2019-05-09 14:55:04 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 obligations … Read more

Last updated: 2019-05-08 15:29:24 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 internet … Read more

Last updated: 2019-04-11 12:06:19 “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 initiatives: … Read more