Best Practices When Forming a Business Partnership in Ontario
Most small businesses in Canada are sole proprietorships. But if you’re ready to take on someone else, here’s are a few best practices for forming a business partnership.
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Before Closing Down a Business in Ontario: Everything You Need to Know
Closing down a business may mean you’re retiring or starting another venture. Here’s how to do it properly.
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Self-Employed VS Personal Services Corporation — Definition & Tax Implications
Are you self-employed or a contractor with only one client? If so, the CRA may decide you’re a Personal Services Corporation.
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RRSP or TFSA? The Best Option for Small Business Owners
RRSP or TFSA? Whatever type of account you decide to use, it’s never too early or too late to start saving for your future.
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Rules About Charitable Giving for Small Businesses Made Simple
In short, the CRA treats the voluntary transfer of property or cash as a gift. Here’s a quick overview of the rules about charitable giving for small businesses in Canada.
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How Does A Divorce Affect Your Tax Return in Canada?
Whenever it comes to tax, there are critical things you need to consider after divorce. Here’s how a divorce affects your tax return in Canada.
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Am I Required to Make Tax Installment Payments in Canada?
If you owe the CRA money this year through your business in Canada, you may be wondering if you’re required to make tax installment payments.
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What’s the difference between Fixed Cost and Variable Cost?
Wondering the difference between fixed cost, variable cost and total fixed cost? Here’s a quick overview on the different cost types.
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How To Calculate Net Present Value (NPV)
Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. Here’s a quick overview of how to use this formula correctly.
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Ask an Accountant: What is a Business Asset?
Whether you need to know for tax reporting reasons or just because you’re curious, here’s a definition of what is a business asset.
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