a hand writing the word TAX on a piece of paper

What you need to know about your Notice of Assessment

Jul 18, 2019
After you file your tax return, you’ll be issued a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). We provide some tips on what to look for when you receive your NOA, common reasons for discrepancies between your NOA and tax return and how to handle them.

Tags: Audit Representation, Farm Taxes, Financial Planning, Legal & Compliance, Small Business Taxes, Tax Consultation, Tax Planning , Tax Preparation

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A jar full of money

Is a Group RSP right for your small business?

Jul 10, 2019
You’re likely familiar with the Registered Retirement Savings Plan (RRSP), which gives Canadians a way to shelter income tax until retirement, but have you considered a Group Retirement Savings Plan for your employees?

Tags: Financial Planning, Small Business Taxes, Tax Preparation, Tax Consultation, Tax Planning

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a mother plays with her child on the floor

Can you get the Canada Child Benefit if you’re self-employed?

May 29, 2019
The Canada Child Benefit is a tax-free monthly payment for those with children under the age of 18.

Tags: Tax Consultation, Tax Preparation , Tax Planning, Farm Taxes

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Cottage on the lake

3 Things You Need to Know About Taxes and the Sharing Economy

May 08, 2019
There are lots of ways Canadians are taking advantage of the sharing economy, maybe without even knowing it.

Tags: Audit Representation, Bookkeeping, Farm Risk Management, Farm Taxes, Tax Planning, Financial Planning, Small Business Taxes, Tax Preparation

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Tax Tips for Bringing Personal Assets into a Business

Tax Tips for Bringing Personal Assets into a Business

Apr 17, 2019
Transferring personal assets into a small business is not uncommon, but there are a number of costly tax implications that follow these types of transfers.

Tags: Small Business Taxes, Tax Consultation

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Ontario Budget Report 2019

Ontario Budget Report 2019

Apr 11, 2019
The Ontario 2019 provincial budget includes a range of cost-cutting measures to help move the province towards a balanced budget but also introduced key spending initiatives. The budget focused on 4 key initiatives: Deficit reduction; Child-care support; Education and Healthcare; and Transit.

Tags: Small Business Taxes, Tax Consultation

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Beware of Fake CRA Communities and Email Scams

Beware of Fake CRA Communities and Email Scams

Apr 10, 2019
Protect Yourself from CRA Tax Scammers: Tax scammers pretend to work for the CRA looking to steal your personal financial information and identity.

Tags: Tax Consultation

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8 Reasons Why Your Small Business Should Hire a Bookkeeper

8 Reasons Why Your Small Business Should Hire a Bookkeeper

Apr 03, 2019
If you’re a small business owner and don’t like number crunching, hiring a bookkeeper can help you save valuable time and money, especially during tax season.

Tags: Bookkeeping, Small Business Taxes, Tax Consultation

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Is Your Business Breaking Even? How To Tell If You Are Reaching Your Full Profit Potential

Is Your Business Breaking Even? How To Tell If You Are Reaching Your Full Profit Potential

Mar 27, 2019
Do you know where the break-even point of operating your business is? It will help you when it comes to forecasting and planning for the future. Understanding where you fall is essential to determining whether you're leaving money on the table.

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Breakeven Analysis Calculator

Breakeven Analysis Calculator

Mar 27, 2019
The break even analysis calculator is designed to demonstrate how many units of your product must be sold to make a profit. View a report to see a detailed look at the profit generated at each sales volume level.

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“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen