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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2021 Canada Tax Filing Deadlines: Everything You Need to Know
Avoid penalties and unnecessary interests by filling your tax returns early. Here are the 2021 Canada tax filing deadlines.
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Self-Employed? How to Keep a Mileage Log for Vehicle Expenses in Canada
If you’re self-employed and use your car for business purposes, keeping a mileage log is important. Learn how to keep a mileage log for vehicle expenses in Canada.
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How Accurate Financial Records Can Increase the Value of a Small Business
Whether you’re looking to sell or just want your business to operate at peak performance, here’s how accurate business records can increase the value of a small business.
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A Quick Guide to the 8-Step Accounting Cycle
If you are new to accounting, this article provides a helpful guide to the 8-step accounting cycle used by small business owners.
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How to Calculate Payroll Deductions for Small Business in Canada
If your business has employees, you will need to run a payroll. Here’s a quick summary on how to calculate payroll deductions for small business in Canada.
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Understanding Canadian tax statements: T3, T4 and T5
Need some help understanding Canadian tax statements from an experienced accountant? Here’s a quick guide to the T3, T4 and T5.
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Canadian Taxes: A Guide to the T5013 Partnership Income Form
Partnership operators in Canada must file the T5013 partnership income form if their income is above a certain threshold. If you run a partnership, here is what you should know.
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Easy Ways to Prepare Tax Records for Your Accountant
If your method of sending files at tax time involves a bankers box and prayer, please read this article on how to prepare tax records for your accountant.
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5 Benefits of Transitioning to a Paperless Office
Switching to a paperless office can take some work, but it’s absolutely worth it. Here are 5 benefits of transitioning to a paperless office.
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