Articles: Small Business Taxes

Last updated: 2019-03-27 06:20:12 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 leaving … Read more

Last updated: 2019-03-27 01:00:40 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. These … Read more

Last updated: 2019-03-26 15:45:04  “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 $33.6 … Read more

Last updated: 2019-03-21 06:56:03 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 CRA Date: March … Read more

Last updated: 2019-03-20 15:40:45 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 rates, … Read more

Last updated: 2019-03-20 07:04:29 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, there … Read more

Last updated: 2019-03-19 13:53:00 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 cost … Read more

Last updated: 2019-02-20 14:09:43 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 to … Read more

Last updated: 2019-02-20 06:45:35 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 to … Read more