Your best project manager is heading to Detroit for three months to get a new client up and running. Or your sales lead will spend every second week in Chicago this year. It feels like a normal business decision, and it is. But the moment a Canadian company sends...
A retailer buys a product and sells it. A manufacturer buys steel, resin or fabric, pays people to turn it into something else, runs machines that wear out, and only finds out what each unit really cost once the production run is done. That extra layer is why...
In manufacturing, the gap between a good year and a bad one is thinner than in almost any other business. You carry inventory. You sink cash into equipment. You pay for materials and labour months before a customer pays you. And a small mistake in how you cost a...
Plenty of people live their financial lives on both sides of the Canada-U.S. border. An American nurse who moved to Toronto ten years ago. A Mississauga couple who rent out a condo in Phoenix. A software company in Waterloo with its first customers in Ohio. None of...
More Canadians are moving to the U.S. than in years, for a job, a business, a partner, or just the weather. The move is the exciting part. The first tax year is not. It's the year you can end up a tax resident of both countries at once, filing two sets of returns for...
Importing and exporting puts more moving parts into your books than almost any other kind of business. Every shipment involves supplier invoices, freight, customs duties and often a second currency, and each of those numbers ends up on your tax return. That is why...
Most people moving to the United States are focused on the visa, the house and the school district. The tax bill that arrives because they left Canada tends to be a surprise, and for anyone with a portfolio or a corporation it is rarely small. Canada does not charge...
Mortgage brokers have a harder accounting year than most self-employed professionals, and it is not because the numbers are large. It is because the income is irregular, the commissions arrive from several sources on someone else's schedule, some of them get taken...
Since technology took over every aspect of life, it has also affected businesses positively. When performing a simple task requires a lot of time, such as keeping an updated accounting journal. But gone are the days when traditional accounting was a significant part...
If you hold a U.S. passport and you live in Canada, you already know the paperwork does not add up the way it does for your neighbours. You pay your Canadian taxes, you file on time, and then a second government still expects a return from you every spring. That is...