Articles: Tax Consultation

Last updated: 2019-01-23 23:03:52 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 … Read more

Last updated: 2019-01-16 09:29:22 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, … Read more

Last updated: 2019-01-09 07:32:45 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 … Read more

Last updated: 2018-12-05 06:27:05 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 … Read more

Last updated: 2018-11-21 00:39:36 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 … Read more

Last updated: 2018-11-14 00:15:08 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 … Read more

Last updated: 2018-11-07 07:37:46 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 … Read more

Last updated: 2018-11-07 00:53:13   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 … Read more

Last updated: 2018-10-17 07:30:38 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 … Read more