A Comprehensive Comparison of Bookkeeping Software for Canadian Businesses
Explore top bookkeeping software for Canadian SMEs. Compare QuickBooks, Xero, Sage, FreshBooks, and Wave. Learn how a CPA complements these tools.
Explore top bookkeeping software for Canadian SMEs. Compare QuickBooks, Xero, Sage, FreshBooks, and Wave. Learn how a CPA complements these tools.
Is a holding company structure only beneficial for big businesses? The answer is no. Holding companies can offer various advantages and tax planning opportunities to businesses of all kinds and sizes.
The 2022 Budget introduced a new Tax-Free First Home Savings Account (FHSA). Effective April 1, 2023, the FHSA program provides prospective first-time home buyers the
Starting a business is an exciting journey that requires dedication, hard work, and smart decision-making. Unfortunately, many small business owners make common mistakes that can
Tax-Free Saving Account (TFSA) is a tax planning tool allowing tax-free savings. However, it is critical to understand the rules around TFSA to take advantage
Physicians and medical professionals who are self-employed often face high personal tax rates, which can go up to 53.3% in Ontario. To mitigate these taxes,
Private Health Services Plan or Health Spending Account – Tax-Free Benefit for Employees The benefits paid by an employer to an employee are taxable as
Do you know as a couple, you can receive $108,790 tax-free? Will you be surprised?? But this is true! Canada is not all about paying high taxes. By smartly doing tax and retirement planning, you can save a lot of taxes legally.
Don’t let this opportunity pass you by!
What is HST Quick Method The quick method is a simplified accounting method allowed by the Canada Revenue Agency (CRA) to facilitate small businesses calculating
Canadians who sell a home or rental residential property owned for less than 12 months will be considered “flipping” and 100% of profits from the sale will be taxed as business income instead of capital gain, which is taxed only 50%.