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4 Changes to Canadian Tax Policy in 2018

The changes to Canadian Tax policy in from 2017 to 2018 are the most impactful changes made to Canadian Tax policy in a long time. These contentious changes to business tax policies have left many Canadians shaken, and unsure how to move forward. With the minimum wage...

How the New Minimum Wage will affect Small Businesses

Anyone who lives in Ontario can tell you that one of the big things on everyone’s mind is the new minimum wage increase that is going to be implemented during 2018 and 2019. Of course, a minimum wage increase is going to have effects on your small business. This is...

5 common errors for small business to avoid

Starting your own small business is an exciting process, however, it does involve a lot of work for it to become successful! You have a vision and what you want to achieve, but it’s usually the “how will I make this work” question that some people can’t answer....

Opened a TFSA? What are the pros and cons?

The Tax-Free Savings Account (TFSA) program was introduced by the Canadian government in 2009 as an additional, and alternate, way to save money for the short-term and long-term. A TFSA is a unique savings account. Any money that is put into a TFSA is tax-free, as is...

Is it better to lease or buy your vehicle?

As a public accountant advising personal tax clients and corporate tax clients, one of the most common questions I am asked is whether the vehicle should be leased or purchased. This answer can be simple and complicated at the same time. There are many things to...

Filing taxes late in Canada: What are the penalties?

Tax season can be stressful, but you never want to bypass that stress by not filing your taxes! There are penalties and consequences for not filing your taxes on time and accurately. Every person and business needs to file their taxes annually. Depending on various...

Small Business Grants In Ontario: A Complete Guide

The quality of planning and the amount of research you do is directly correlated to how much financial assistance you can qualify for your new business. You must be able to demonstrate your understanding of every aspect of your business and its ability to generate a...