Articles: Small Business Taxes

Last updated: 2018-06-27 06:53:40 Small business owners know that to be successful, they need to closely manage their growing business. Unfortunately, as small businesses become more successful, many owners find they are saddled with additional tasks and can feel more removed from its operations. Key performance indicators are a great way for small business owners to … Read more

Last updated: 2018-06-20 10:18:17 A lot of small business owners think accounting is, without question, one of the most boring jobs in the world. But, recent developments and new technology have been reshaping the accounting industry. Small businesses that want to simplify their accounting and bookkeeping work need to embrace and adapt to new accounting trends. … Read more

Last updated: 2018-06-13 08:47:25 If you’re a small business owner in Canada, there are a large number of tax deductions you can claim against your small business spending. This helps minimize your tax burden and maximize your business income. Take Advantages of Tax Deductions This is the most obvious option. Tax deductions help reduce your tax … Read more

Last updated: 2018-06-06 08:14:22 The number of Canadians who are self-employed has risen dramatically over the last 20 years. While working for yourself has a lot of benefits, figuring out your self-employment income, calculating your taxes, and how to claim certain-business related expenses isn’t one of them. Below is a list of important tax tips for … Read more

Last updated: 2018-05-30 09:20:54  The Canadian Income Tax Act turned 100 last year and Canadians can be excused if they didn’t celebrate. Since its introduction in Canada in 1917, it has become a much more complex document and has grown to more than 2,000 pages in length. In 2017, the government signaled its intention to … Read more

Last updated: 2018-05-09 07:13:13 Budgeting for information technology (IT) services can be a challenge for small businesses. While many people may imagine an IT department as a team of nerds answering computer questions, what IT system looks like differs from business to business. In general, IT systems can include: Employee technical support for devices (desktop computers, … Read more

Last updated: 2018-04-11 11:32:02 On April 10, 2018, Finance Minister Donna Harpauer delivered her first budget as Finance Minister. The Finance Minister pointed to the province’s continued shift away from a reliance on natural resource revenue as a positive sign for the economy: Natural resource revenue is projected to make up 10% — or $1.48 billion … Read more

Last updated: 2018-04-11 08:26:39 What You Should Know about Foreign Investment Taxes If you have foreign investments or are thinking of investing, partnering, or expanding your business abroad, it’s important to understand the benefits of having foreign investments and understating the responsibilities of foreign investment taxes. Economically, Canada is a relatively small country when it comes … Read more

Last updated: 2018-03-29 12:25:01 “A Plan for Care and Opportunity” On March 28, 2018, the Honourable Charles Sousa presented his seventh budget as Minister of Finance. The budget contains several tax measures affecting individuals and corporations, including the elimination of the high-income surtax from the calculation of total Ontario personal income tax. Highlights Surplus of $642 … Read more