Articles: Tax Consultation

Whether you’re the CEO of a large firm or own a small family business, there’s a good chance you’ll want the next generation of your family to be at the helm. Having a viable succession plan in place is a great way to ensure transferring the business to the next generation goes smoothly. Proper business … Read more

Few investments are as advantageous as a Mortgage Investment Corporation (MIC), when it comes to returns and tax benefits. Because of their corporate structure, MICs do not pay income tax and are legally mandated to distribute all of their earnings to investors. On top of that, MIC dividend payouts are treated as interest income for … Read more

Financial ratios are like a thermometer for various aspects of your business’s health. By keeping an eye on these numbers, you can act quickly to mitigate potential risks and look into relevant elements of your books to make data-backed decisions that help drive up profitability. Financial Ratios Calculator While financial ratios on their own don’t … Read more

  Financial ratios are like a thermometer for various aspects of your business’s health. By keeping an eye on these numbers, you can act quickly to mitigate potential risks and look into relevant elements of your books to make data-backed decisions that help drive up profitability. Learn more about these financial ratios and what they … Read more

Every business needs to properly manage the flow of money through its organization and daily management of this process is essential. To gain insight into this flow of funds, you’ve got to have a fast method to break down a cash flow statement thoroughly. The cash flow calculator can get you to that goal and … Read more

  Every business needs to properly manage the flow of money through its organization and daily management of this process is essential. To gain insight into this flow of funds, you’ve got to have a fast method to break down a cash flow statement thoroughly. The cash flow calculator can get you to that goal … Read more

Whether you’re a seasoned farmer who has outgrown your current operations or you’re thinking of starting a new farm business, it’s important to have a business plan. Not only a farm business plan help you focus on your goals, it provides the answers you need to make the farming operation run smoothly, and make financing, … Read more

There is more to a logistics business and trucking business than handling, moving, and storing cargo and goods. A logistics company is also responsible for customs clearance, GST/HST issues, and tax compliance. Unfortunately, Canada’s tax landscape can be confusing and if you don’t have a comprehensive understanding of Canada’s ever-changing tax environment, it can get … Read more

How to Find the Perfect Accounting Professional If you’re looking to hire an accounting professional for your small business, you need to find someone whose skills go beyond simple bean counting and maximizing your tax refund this year. Bean counting (controlling expenses and budgeting) and receiving a large tax refund are important, but a tax … Read more

Budget Calculator The majority of small businesses and startups (up to 80% by some counts) fail in their first 5 years. This is in part due to a lack of a realistic budget. Why this happens varies from business to business—sometimes it’s simple neglect or other times owners are overly optimistic or pessimistic—but the end … Read more