Articles: Tax Consultation

Last updated: Sep. 6, 2017 Business Structures in Canada If you decide to start your own business in Canada, you need to decide which kind of business structure is best suited to your needs. Different business structures offer unique advantages and limitations that you should be aware of. There are 4 types of business structures, each … Read more

Last updated: Aug. 9, 2017 Financing Programs for Farm Businesses Farming is a unique occupation with its own challenges. The high cost of basic farming equipment, technology, and land and changing weather conditions are just a few challenges that can significantly impact a farm’s profitability. That’s why the federal and provincial governments in Canada provide farmers … Read more

Last updated: Jul. 19, 2017 Legal Loopholes That Can Reduce Your Taxes While most small business owners in Canada don’t like to prepare their annual tax returns, most business owners say they don’t mind paying their fair share of small business taxes. That said, business owners are always looking for ways to legally minimize their tax … Read more

Last updated: Jul. 5, 2017 Registering a Small Business in Canada Canada is a country of small businesses. In fact, of the 1.16 million businesses in Canada, 1.14 million, or 98%, are small businesses—that is, employers with 99 employees or less. While small businesses may account for all but a sliver of employers in Canada, no … Read more

Last updated: Jun. 28, 2017 Canada’s tax laws are confusing in and of themselves. If you’re a Canadian farmer, it can be even more difficult. That’s because there are specific tax obligations that relate only to Canadian farm businesses. Farm Income Tax Basics For income tax purposes, in Canada, farming income is money that comes in … Read more

Last updated: Jun. 21, 2017 Working with an Accountant for Your Agribusiness Whether you operate a large-scale, full-time farming business with a thousand head of cattle or run a small, part-time farm that grows garlic, farming is a different type of business. In addition to being able to claim all the typical business expenses, Canadian farmers … Read more

Last updated: Jun. 8, 2017 The Saskatchewan Budget introduced in March 2017 changed the scope of the services that PST is to be charged on with most changes already effective as of April 1 2017. There are also changes you need to be aware of effective July 1, 2017. Summary of Changes to Saskatchewan PST PST … Read more

Last updated: May. 10, 2017 Income Tax Deductions for Small Businesses Whether it’s a traditional brick-and-mortar operation, home-based, or online, starting a small business in Canada takes a lot of time, money, and patience. It also gives you an appreciation for potential tax deductions you can use to either reduce the amount of income tax you … Read more

Last updated: Jan. 8, 2014 The 2013 budgets released in the Spring of 2013 brought a few changes that will affect your taxes this year and perhaps put more money in your pocket. First-Time Donor’s Super Credit If you or your spouse hasn’t claimed the charitable deduction tax credit in the past 5 years, you’re eligible … Read more