Tax Tips

What to Expect When You Are Incorporated?

What to Expect When You Are Incorporated?

July 29, 2021

We are geared to know about personal tax time. Employers issue a T4 based on the calendar year and we file our taxes on or before April 30 eac...

Choosing Your FISCAL Year-End

Choosing Your FISCAL Year-End

July 21, 2021

You decided to start a new business and incorporated it too. If you didn’t see a lawyer or accountant during this process, you likely chose a ...

Myth or Truth. Do The Wealthy Pay Less Tax?

Myth or Truth. Do The Wealthy Pay Less Tax?

October 06, 2020

In Canada (perhaps throughout many parts of the world even), we regularly hear that the wealthy should pay more tax. This blog is a missing na...

Self-Employed Do Eventually Retire

Self-Employed Do Eventually Retire

September 14, 2020

Self-employed small business owners, will all eventually retire. Without a pension plan like government employees or even some employees of pr...

Understanding The Basics Of Tax

Understanding The Basics Of Tax

August 31, 2020

In Canada, every person is required to file a personal tax return. There is no age limit. Even at the age of 2, if you have taxable sources of...

Financial Statement Reporting Standards Are Changing

Financial Statement Reporting Standards Are Changing

August 10, 2020

CPA Canada has made significant changes to the NTR reporting standards to clear up any confusion between management of companies, practitioner...