When tax time comes, the last thing you want to do is miss out on beneficial refunds and credits, either for yourself or your business. When it comes to missed tax savings, medical expenses top the list. A long list of medical expenses are tax-deductible in...
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Finance
Complete Guide to Opening a Bank Account for Your Business in Canada
Congratulations! You started a business. You have a great team of employees, a sweet office building, and a comprehensive business plan. Now it’s time to start doing business and making money. One of the first things you need to do is open a bank account for your...
COVID-19 Small Business Loans in Canada
As COVID-19 continues to affect businesses throughout the country, small businesses are taking a substantial hit. Many resources are now available to aid employers and workers experiencing financial difficulty resulting from the pandemic to help pay for daily...
8 Tax Benefits of Owning a Small Business in Canada
One worry when launching a small business in Canada is how to manage your taxes. Every company, from Amazon to your local barbershop, receives some form of tax breaks. That’s why we’re here to give you a few pro tips on how to take advantage of the best tax benefits...
Self Employed Tax Deductions in Canada
Tax season is upon us, and it's hardly an event that people anticipate with pleasure. Despite the headache, filing taxes is a straightforward process, and you can do it on your own. If you are self-employed, there are specific rules, expenses, and deductions that...
Is Health Insurance a Taxable Benefit in Canada?
In 2017, per capita, healthcare spending in Canada came in at around $4,500, and the average life expectancy was 81.7 years that same year. Because there is no designated “healthcare tax,” it is hard to know exactly how much of our taxpayer money goes into healthcare...
6 Best Ways on How to Save Tax in Canada
Filing taxes is a stressful process for many Canadians. From collecting all the requisite paperwork to meeting deadlines, it can be tough to feel confident that you have done everything right. The process often feels even more daunting for those who are small business...
Ontario’s Trillium Drug Program [Explained]
When medication costs are no longer an issue The Trillium Drug Program is Canada's attempt to battle modern-day financial issues for Ontario residents in need. With this drug plan, eligible residents of Ontario can be assisted in buying prescription drugs or other...