Last updated: Mar. 20, 2019
Tax Deductions You Might Be Forgetting The average small business owner in Canada pays more than 42% of their income in taxes. First off, that’s a lot of money. Second, no one wants to give more of their income to the Canada Revenue Agency (CRA) than they legally need to. Unfortunately, … Read more
Last updated: Mar. 19, 2019
“A Budget that works for all New Brunswickers” On March 19, 2019, New Brunswick Finance Minister Cathy Rogers delivered the province’s 2019 budget. The budget focused on three key priorities: Investments in seniors; Youth employment; and Economic competitiveness. The 2018-2019 budget projects government revenues to increase by 1.77%, while expenses are … Read more
Last updated: Mar. 19, 2019
On March 19, 2019, the Honourable Bill Morneau presented his fourth budget as Minister of Finance. The 2019 Federal Budget, entitled “Investing in the Middle Class”, focuses on: Making Home ownership more affordable for first-time buyers. Help workers gain new skills. Preparing young Canadians for good jobs. Helping Canadians with the … Read more
Last updated: Dec. 12, 2018
This article originally appeared May 4, 2017 | Robert Graham, Miller Thomson LLP Not just anyone can become a farmer; yet many Canadians aspire to transfer from their existing occupation into farming. The challenge with said aspiration is that starting up a farm business is difficult, and though the federal government … Read more
Last updated: Oct. 3, 2018
If you are an owner operator truck driver in Canada, there are a large number of tax deductions that you can take advantage of (and should). Maximizing your tax deductions minimizes your tax burden, which results in you keeping more of your hard-earned money. Below are some tax tips long-haul Canadian … Read more
Last updated: Sep. 19, 2018
Long-haul truck driving in Canada can be grueling, with drivers working 13 hours per day, and even longer if they work north of the 60th parallel. While the average salary ranges from $55,000 to $65,000 per year, long-haul drivers are often paid bonuses, enabling them to earn significantly more. Unfortunately, this … Read more
Last updated: Aug. 30, 2018
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 … Read more
Last updated: Jun. 13, 2018
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 … Read more
Last updated: Jun. 6, 2018
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 … Read more