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Breakeven Analysis Calculator

Breakeven Analysis Calculator

Last updated: Mar. 27, 2019 
Calculating Your Break-Even Point Budgeting your operations and calculating your break-even point is simple at its core. Determine your operating costs, including both fixed and controllable and find the point where your sales have covered your costs. To determine your break-even point or your operating cost, first, tally your fixed expenses. … Read more

Nova Scotia Budget Report 2019

Nova Scotia Budget Report 2019

Last updated: Mar. 26, 2019 
 “Building on a Strong Foundation” On 26 March 2019, Nova Scotia Finance and Treasury Board Minister Karen Casey tabled the province’s fiscal 2019–20 budget.   The budget contains several tax measures affecting individuals and corporations. The budget contains no new taxes and no tax increases. The minister anticipates a surplus of … Read more

Webinar: Tax Tips for Business Owners

Webinar: Tax Tips for Business Owners

Last updated: Mar. 21, 2019 
You’re Invited! Join our live webinar “Tax Season 101: Tax Tips for Business Owners” to learn more about: ✓ Important Changes for the 2018 tax filing season
✓ Tax tips for short and long term tax optimization
✓ How to avoid audit triggers that will get the attention of … Read more

Saskatchewan Budget Report 2019

Saskatchewan Budget Report 2019

Last updated: Mar. 20, 2019 
The Right Balance! On March 20, 2019, Finance Minister Donna Harpauer delivered her second budget as Finance Minister.  The budget is balanced and anticipates a surplus of $34.4 million for 2019-20 and $49 million for 2020-21. Although the budget does not include any new changes to the corporate or personal tax … Read more

Top Tax Deductions Missed by Small Business Owners

Small Business Tax Deductions You Might Be Overlooking

Last updated: Mar. 20, 2019 
Tax Deductions You Might Be Forgetting The average small business owner in Canada pays more than 42% of their income in taxes. First off, that’s a lot of money. Second, no one wants to give more of their income to the Canada Revenue Agency (CRA) than they legally need to. Unfortunately, … Read more

Federal Budget Report 2019

Federal Budget Report 2019

Last updated: Mar. 19, 2019 
On March 19, 2019, the Honourable Bill Morneau presented his fourth budget as Minister of Finance. The 2019 Federal Budget, entitled “Investing in the Middle Class”, focuses on: Making Home ownership more affordable for first-time buyers. Help workers gain new skills. Preparing young Canadians for good jobs. Helping Canadians with the … Read more

British Columbia Budget Report 2019

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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

What Do You Need to Know About ROEs As An Employer?

What Do You Need to Know About ROEs As An Employer?

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

How Cash Flow Management Prevents Legal Problems

How Businesses Can Manage Cash Flow

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