Last updated: Feb. 20, 2019
On 19 February 2019, British Columbia Finance Minister Carole James tabled the province’s fiscal 2019–20 budget. Although the budget does not include any new changes to the corporate or personal tax rates, it enhances the province’s Small Business Venture Capital Tax Credit program and introduces the new B.C. Child Opportunity Benefit … Read more
Last updated: Feb. 20, 2019
Each year, more than 1 million Canadian employers fill out more than 9 million ROE forms for their employees, according to the Government of Canada. A record of employment (ROE) is the single most important document in the Employment Insurance (EI) program. As an employer, find out what your responsibilities are … Read more
Last updated: Feb. 6, 2019
When you run a small business, one of the most important things you’ll find yourself doing on a periodic basis is tracking the amount of cash going in and out of your business – or in accounting jargon, cash flow. However, as an entrepreneur you’re to juggling many responsibilities all at … Read more
Last updated: Jan. 23, 2019
If you have employees, as an employer you are obligated to automatically deduct income tax each time you pay your employees. You are also obligated to issue T4 slips to all employees from the past year by the end of February. For your employees, the T4 slip(s) represent the entire income … Read more
Last updated: Jan. 16, 2019
Taking Advantage of Home-Based Income Tax Deductions Whether you’re self-employed and operate a home-based business or work for someone else, you have to pay taxes. On the front end, federal and provincial taxes get deducted from your pay. You also end up paying taxes on day-to-day purchases, like food, household expenses, … Read more
Last updated: Jan. 9, 2019
Starting an Internet marketing business can be challenging, fun, and lucrative—all at the same time. It’s an excellent opportunity to earn money while in the comforts of your home. At the same time, an Internet marketing business requires less monetary investment compared to the physical facilities required for your farm or … Read more
Last updated: Jan. 2, 2019
Franchising a business has gained an increase in popularity today. We’re all in a clamor to earn more – or to be our boss. There are many advantages when choosing to go for a franchised business, rather than start up your own from scratch. If you don’t know where (and WHAT) … Read more
Last updated: Dec. 5, 2018
Putting up a business has never been easier now that we have e-commerce. Platforms like eBay and Amazon have paved the way for small- and medium-enterprises to reach more customers globally. Online marketplaces can promote your products and services to a targeted audience with a few clicks. Before you create a … Read more
Last updated: Nov. 15, 2018
Money Saving Tax Tips for Small Business Owners The idea of paying taxes every year, especially more than you need to, can be depressing. While you can’t sidestep income tax, you can take advantage of a number of small business tax strategies to help reduce the amount of income tax you … Read more