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a woman uses a calculator while handling her own bookkeeping

As a small business owner, you need accurate and up-to-date financial information so you can make the best decisions for your business.

As your business grows and you hire employees, or take on more customers, keeping track of your business expenses and ensuring your books are accurate becomes more complex and time-consuming.

It’s a lot to keep track of while also running your business - sales, expenses, salary payments, and any other money that goes in and out of your business.

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a farmer smiles while standing in front of his silos

If you need to buy a major capital asset like a building, machinery or equipment to use in your farming business, consider buying it before the end of your fiscal year to claim tax depreciation. Learn more about how to use the capital cost allowance (CCA) to reduce your income on your tax return.

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a farmer leans against a tractor

Year-end tax planning means working with your tax or financial advisor before the end of the year to analyze your financial exposure to various tax scenarios. That way you can move quickly to minimize any adverse effects of changes in tax structure.

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man looks at a tax bill

What are the tax implications of the government’s financial response to COVID-19? Our columnist outlines a few possibilities.

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a man writes on a notepad, calculating his work space from home expenses

Right now, if an employee wants to claim work-space-in-the-home expenses, certain conditions must be met. Find out what the current rules are surrounding work-space-in-the-home expenses, what paperwork your employees will need and how they can claim this expense on their tax return.

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man writing on paper

The CRA has announced it is starting to gear up its full auditing powers that were mostly suspended since the outbreak began. Find out how this could affect you if you've applied for COVID-19 financial aid programs.

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a blue graphic with the text: COVID-19

On March 11, 2020, the World Health Organization declared the outbreak of the 2019 coronavirus disease (COVID-19) a pandemic. The World Health Organization says everyone must play a role to stop the spread of the disease. This includes businesses and employers.

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A lighthouse in nova scotia with a sunset behind it

Starting April 1, 2020, the general corporate tax rate in Nova Scotia will decrease from 16% to 14%. The small business tax rate will decrease from 3% to 2.5%. Read the highlights from our tax analysts.

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a clock with a sticker that says "tax time" on it

If you’re self-employed or a small business owner, getting ready for tax filing can be daunting. To help make the filing process less stressful, we’ve listed what you need to know for filing your 2019 tax return.

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a photo of a visa gift card, which is a non-cash benefit in the eyes of the CRA

A non-cash benefit includes a good, service or property you own that you give to your employee. If that property is paid for by you and provided to your employee, it is still considered a benefit of employment. Find out how these benefits are taxed.

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