When should a business hire an accountant?

When should a business hire an accountant?

Running a small business comes with many challenges; we get it, we are small business owners too. This article will explain how hiring an accountant can help you throughout the life cycle of your business. Before starting a business, hire an accountant If you are...
Business expenses that can help lower taxes

Business expenses that can help lower taxes

If you’ve run a business or know someone who has, chances are you’ve talked about what you can write off as an expense as it also reduces the taxable profit that you’d have as a business owner. It could have gone something like this: According to the CRA,...
Tax planning tips for doctors in Canada

Tax planning tips for doctors in Canada

It is important for Canadian doctors to have a plan for their fees and general financial health. Having a tax planning financial strategy will help you keep what you have, retain more, and ultimately maximize your claims while remaining compliant with all rules and...
Personal tax credits for the year 2023

Personal tax credits for the year 2023

When you file your tax return, you can claim the tax credits you are entitled to. A tax credit is an amount that can be deducted from the amount of tax owed. Unlike deductions and exemptions, which reduce the amount of taxable income, tax credits have the function of...
Things you should know about the T2

Things you should know about the T2

Remember how each individual must file their income tax? Well, the same goes for corporations. What is a T2 form? The T2 form is the taxpayer’s form for all Canadian companies to file income taxes. Businesses must submit T2 forms within six months of the end of...
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