The best thing about starting a business is that you get to be in total control of the operation. You get to decide which products to launch and which strategies to implement. However, the one thing we recommend is ensuring you receive the right guidance when it comes...
Whether you’re new to small business operations or run a successful setup, you understand the importance of keeping documentation on hand for reference, legal filing, and more. Did you know, however, that Canadian law requires you to keep most business documents on...
Whether you're a seasoned business professional or new to choosing employee benefits, changes to the tax code impact you, your employees, and your business. The Canadian government has introduced several new tax credits for 2022 in Canada, including the goods and...
Small business owners are always looking to save money, including with taxes. The government wants to stimulate business activity, so they allow Canadian businesses to deduct certain expenses from their tax returns. Many business owners know about simple...
Many Canadians face the prospect of disability, either now or in the future. The fear of losing the ability to support their families, plan for their retirement, and achieve their life goals can be overwhelming. They often ask, "how does the disability tax credit...
A tax-free savings account, or TFSA, is a type of Canadian savings account that holds different kinds of investments and allows tax-free withdrawals. Canadians over the age of 18 with a valid social insurance number (SIN) are welcome to open a TFSA for any reason....
Do you live in Canada and have dependants? Don’t forget to claim your tax deduction. Most Canadians know that spouses and children qualify as dependants with the CRA (Canada Revenue Agency). Did you know, however, that under certain circumstances other family members,...
RRSPs are one of the best options for Canadians looking to invest in their future. However, just like any other retirement savings plan, it’s vital to understand the RRSP pros and cons before deciding if it’s the right option for your financial situation. Table...
The Medical Expense Tax Credit (METC) is a non-refundable tax credit that allows you to claim back a portion of your medical bills and health insurance costs as a tax credit. It's important to note that because it's a non-refundable tax credit, you can only use the...
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...
