A start-up cost is an amount required for a business idea to become reality. In simpler terms, it is the money spent in order for any business to start operating, meaning they are expenses that create a business. Start-up costs fall into two distinct and individual...
Minute books are a vital aspect of every business and/or company. In simpler terms, a corporate minute book consists of a record of important and valuable documents that Shows the Company’s worth and status. It is one of the first things regarding a business that is...
Cloud Accounting is similar to traditional bookkeeping services, however, rather than noting down information on paper or on a specific desktop, it is processed and uploaded on a ‘cloud’ system on specific servers meant for the business. Cloud accounting is preferred...
Bookkeeping service for small businesses is not an option it is a necessity. An efficient bookkeeping service provider will handle with care the daily routine accounting portfolio of your business and financially keep your small business bookkeeping up to date. But...
Thinking of initiating a Small business in Canada but confused due to the high-income taxes you may have to pay or do you already have a small business and fed up with paying high tax rates? Well, the good news is you can in fact lower your taxes on Small business in...
Are you or are you planning to set up a Small business corporation in Canada? You can enjoy tax-free benefits from your corporation, there are a number of benefits that you may be eligible to receive and that too tax-free, this guide will tell you exactly how. You may...
Interested in purchasing a home in Canada? You can now buy your dream home using a corporation, there are many benefits of using corporations to purchase a home and the reason why home owners prefer corporations to hold properties rather than holding them personally...
If you own a Canadian Controlled-Private Corporation (CCPC), you are probably familiar with the method of paying dividends to your family members in order to reduce the overall tax you pay to the CRA. Most CCPC’s do this, but it is vital that you make sure you...
If you’re deciding to move out of Canada and to become a non-resident, there are a few tax implications you have to understand. As a non-resident, your taxes will be quite different than they were previously. First of all, let’s define a non-resident properly. A...
Whether you have income or not, you are required to file a personal tax return in Canada. The deadline for filing personal tax returns is always April 30th of every year. However, due to the COVID-19 pandemic, this year, your taxes are now due June 1, 2020. There are...
