Articles: Tax Consultation

On March 7, 2019, the Honourable Scott Fielding presented his first budget as Minister of Finance. The budget contains several tax measures affecting individuals and corporations. The 2018-2019 deficit is estimated to be $470 million. The budgeted deficit is estimated to be $360 million for 2019-2020, with revenues projected to increase by 1.4% and expenditures … Read more

U.S. tariffs on imports have caused negative shifts in the global agricultural supply. As a result, Canadian farmers have become innocent bystanders, hit by China’s retaliatory trade strikes against the United States. Canadian Farmers Worse Off than US Farmers This comes just a year after the Federal Government announced changes to their AgriStability and AgriInvest … Read more

Many businesses find it difficult to reach the next level without taking out a small business loan. Before borrowing money, there are some calculations you can do to determine if a small business loan is right for you. 1. Is it time to expand your business? Growth can come from expansion – a larger storefront … Read more

Many businesses find it difficult to reach the next level after a growth plateau without taking out a small business loan. Before committing to borrowing money, there are some calculations you can do to determine if a small business loan is right for you. Thinking About Getting A Loan? Read our blog post 5 Things … Read more

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 ROEs and your … Read more

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 once and you may … Read more

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 earned and how much … Read more

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, rent, utilities, gas, etc. … Read more

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 small business. For beginners, … Read more

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 seller’s profile on the … Read more