Year End Tax Planning for Investors
The end of the year is a common time for businesses, investors, and individuals to contemplate their goals and reevaluate their finances. As an investor, it is also important to plan the moves you make [...]
Should I lease or buy a car?
After becoming a licensed driver, the dream for many is to own their own car, their dream car. In an ideal world, we’d buy it with cash, but purchasing a car outright is not feasible [...]
What is a Personal Service Corporation?
Tax advantages are one of the primary reasons individuals incorporate their business, but if the CRA classifies your business as a "Personal Service Corporation" it may set you back. In a previous article, we outlined [...]
Should you incorporate your business?
Incorporating is a major business decision. With pricey setup fees, paperwork, and regular reporting, it isn’t a straightforward choice to make. Yet some businesses feel the legal and tax advantages, along with other pros, outweigh [...]
Choosing The Right Small Business Accountant
Selecting the right accountant is up there will picking the right auto mechanic and financial advisor. There is a high level of trust required between both parties and pressure put on the relationship. Having the [...]
5 Tax Saving Tips
Navigating the tax system here in Canada is a real challenge. Most business owners don't know all the credits and deductions available to them. It's important that you sit down with your accountant and financial [...]