Articles
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Home Office Expenses – CRA’s amended rules for 2020
For 2020, there will be two options for employees to claim home office expenses: the new temporary flat rate method and the detailed method. The temporary flat rate method This new method will simplify the claim for home office expenses. An employee will be eligible to use this method if they worked more than 50% […] Read More
What does Small Business Week mean in Canada?
“Small and medium-sized businesses are the foundation of the Canadian economy, accounting for 99% of all businesses”. In 2017, SMBs employed approximately 11.9 million Canadians in the private sector.With the small business industry growing, it is important that we take the time to recognize their successes and recommend helpful tools and resources to help them […] Read More
Strategies to improve your CASH FLOW
“82% of small companies and startups fail because of poor management of cash flow.” Running out of cash might be one of the most stressful things that you can face as a business owner. If you are struggling to have a healthy cash flow to pay the essential things as payroll, suppliers, services or taxes, […] Read More
Do I Need GST/QST number ?
As a rule, if your sales are over $30,000 in a calendar quarter, and over four consecutive quarters, you are no longer a small supplier. That means you are required to register for GST/QST. Even if that’s not the case, it’s worth looking into. You might be able to claim some tax credits on GST/QST paid […] Read More
Should you incorporate your small business?
Often it is not worthwhile to incorporate when you’re just starting a business, but once that business is profitable, incorporation can offer several significant benefits. It will be our pleasure to meet with you to discuss your particular situation and to guide you through the process. The main factors to consider are listed below and […] Read More
