RRSP vs TFSA – both are registered accounts that are great for saving money, but they come with distinct features and benefits. Deciding on which …
Category Archives: Advice
Economists are forecasting a recession in 2023 due to inflation, labour shortages, and rising interest rates.
If you have started your business in the …
Are you considering closing your business and just walking away?
Deciding on whether to close a business can be hard to do. You put countless …
While many business write-offs are pretty self-explanatory, such as office rent and supplies, others are more confusing. We regularly have clients trying or asking to …
With the Check CRA Processing Times tool, you can quickly find out when you can expect them to complete your request or get back …
The Bank of Canada has announced oversized hike after oversized hike of its key interest rate as inflation continues its rampage.
Unfortunately, inflation is here …
Planning an Ontario summer getaway in 2022?
The Ontario Staycation Tax Credit is a personal income tax credit for Ontarioians to claim 20 percent of …
Do you want to turn your creative side hustle into a full-time business?
If you’ve ever muttered the words, “I wish I could make a …
Thanks to Bill C-30, Canadian businesses can write off 100 percent of the purchase price (up to a maximum of $55,000) for electric vehicles, hybrid-electric, …
Wondering about income splitting strategies?
The Canada Revenue Agency (CRA) prescribed rate is at a low one percent, which has opened up the opportunity for …