24
Jun
Jun
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 …
Category Archives: Advice
27
May
May
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 …
16
May
May
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 …
02
May
May
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, …
14
Apr
Apr
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 …
Annoying as it is for many individuals across the Great White North, every year the Canada Revenue Agency regularly reviews returns after sending out a …
17
Feb
Feb
Are you getting a monthly balance sheet statement from your bookkeeper?
Ask yourself whether your books are really in order or are you just trying …
11
Feb
Feb
Are you getting a profit and loss statement regularly? Because you should be getting one every month, at least.
Be honest with yourself. Are your …
03
Feb
Feb
What can you do now if you plan to sell later?
Selling a business requires a lot of planning, or at least it …
20
Jan
Jan
Wondering if it’s a good idea to file income taxes on your own?
If you have a simple tax situation—just a T4 and an RRSP …