stacks of gold coins

Should I use a RRSP or TFSA as a business owner?

Sep 18, 2019
Are you investing in a RRSP or TFSA? If you’re not, you’re missing out on tax savings.

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

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a woman looks at her mileage app while exiting her car

How to keep a CRA mileage log for vehicle expenses

Sep 13, 2019
If you’re self-employed and using your vehicle for business use, are you keeping a mileage log? If you’re audited by the Canada Revenue Agency (CRA), and you don’t have one, the CRA could reject your claims for motor vehicle expenses. Avoid CRA scrutiny with our tips and tricks on keeping a mileage log.

Tags: Farm Taxes, Small Business Taxes, Tax Planning, Tax Preparation, Trades Taxes

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someone looking at an ipad and calculations

What you need to know about CRA payroll deductions and remittance as an employer

Sep 05, 2019
How to fulfill your CRA payroll obligations as an employer.

Tags: Small Business Taxes, Tax Planning, Tax Preparation

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a female farmer gazes into a field

Year-end tax planning for farmers

Aug 23, 2019
When you’re busy with the harvest, or preparing for the upcoming season, taxes are probably the last thing on your mind. But there are year-end tax planning strategies you can use now to help reduce your tax bill.

Tags: Farm Risk Management, Farm Taxes, Tax Planning, Tax Preparation

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a couple discusses tax strategies over a tablet

How to use income splitting to reduce your tax bill

Aug 14, 2019
While there are attribution rules in place that prevent income splitting, there are exceptions to the rules you can use to make income splitting work to your advantage and grow your family wealth.

Tags: Financial Planning, Tax Planning

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small business owner poring over paperwork

Selling your small business: Share sale vs asset sale

Jul 31, 2019
If you’re selling your small business, is it better to do a share sale or an asset sale?

Tags: Financial Planning, Small Business Taxes, Tax Planning

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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 calculator, laptop and notepad used for receipt organization

7 simple ways to organize your receipts

Jul 04, 2019
Does the thought of organizing your receipts fill you with dread? We get it. It can seem overwhelming to keep track of your receipts on top of the busy demands of running your own business. But putting in the work now means you’ll save time when it comes to filing your taxes.

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

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Two business owners review documents

Choosing the right business structure

Jun 18, 2019
Choosing the right structure for your business can have implications on taxation, liability, and succession planning.

Tags: Small Business Taxes, Farm Taxes, Legal & Compliance, Tax Planning

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If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor. — Charlie Munger