Family Successions: What Bill C208 Means for Small Businesses in Canada
Planning a family succession? Here’s a quick overview of what Bill C208 means and its impact on your small family business.
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Best Practices & Tax Tips for the Self-Employed in Canada
Do you own your own business and want to achieve your lowest possible tax bill? Here are some best practice tax tips for the self-employed.
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How to Reduce Tax Liability When Planning a Family Succession for Your Business
Planning on handing over your business to the kids? Here are a few tips on how to reduce tax liability when planning a family succession for your business.
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Tax Implications of Divorce or Separation for Business Owners
If you are a business owner and you are in the process of a separation or divorce, what are the tax implications of divorce for you and your business? Here’s a quick overview.
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Top Risks to Small Businesses and How You Can Mitigate Them
2020 has taught us anything it’s that, although things are looking up, risks to small businesses still abound. Here’s what to look out for and how to mitigate that risk.
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Expanding Your Business? Learn About New Tax Requirements
As you grow your business during its life cycle, it will trigger new tax requirements. Here’s a quick look at what to consider as it evolves.
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Ask a Professional Accountant: Do Corporate Loans Count as Taxable Income?
Do corporate loans count as taxable income? If shareholders or employees borrow money from a corporation, yes, that money is usually considered taxable income. But the CRA allows for some exceptions.
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Tax Credits in Canada for Small Business Owners
Separate from tax deductions, tax credits in Canada are a great help for small business owners, if you qualify for them. Here are a few that you may be qualified for.
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How to Include Home Office Expenses in Your 2020 Tax Return
Millions of Canadians transitioned to working from home in 2020. Here’s a summary of what home office expenses you are eligible for on your tax return.
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Tax Deductions in Canada You May Not Be Aware Of
Want to stay on top of the CRA’s tax game? Claim as many business expenses as you can! Here are a few tax deductions in Canada you may not have heard of.
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