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Category: Blogs

Financial Independence for Women

Financial independence is an important goal for many people. It means you can support yourself financially without relying on others for help. It also means...
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An Estate Plan

If putting together an estate plan isn’t at the top of your priority list, you’re not alone. It’s not something people typically want to think...
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Protect Your Small Business from Cyber Attack

Many small business owners assume that cyber attacks only happen to big companies, banks or governments. Yet, limited digital security knowledge & lack of cyber...
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Benefits of Money Mindfulness

If you're like most people you've gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking...
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Improve Your Chance for a Business Loan

How to obtain financing is a common concern for new businesses & those preparing to scale. However, getting approved for a business loan or line...
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5 Financial Tips for Your 30s

Your 30s are an exciting time. You’re typically making more money than you were in your 20s. This is the time you’re looking to the...
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6 Essential Accounting Terms

Hiring an accountant is widely considered best practice for small business owners. However, delegating financial analysis & reporting doesn't mean completely checking out of the...
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October 2022

Effective October 17, 2022, all new business authorization requests need to be confirmed by the client in their My Business Account.For more on this subject & other...
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Disability Tax Credit

Often, we or someone we care about may have been born with or develop an impairment. This impairment can be physical or mental, resulting in...
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Are There Inheritance & Estate Taxes in Canada?

Clients regularly ask, are there Inheritance & Estate taxes in Canada? The good news is there is no inheritance tax in Canada on money or...
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Cryptocurrency

This taxation year was the first time we saw a lot of cryptocurrency (crypto) transactions, so we thought it might be interesting to share some...
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Registered Education Savings Plan (RESP)

Are you starting a family & thinking about saving for your children’s future education? Maybe you’re a grandparent, aunt, uncle, or friend looking for a...
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RRSP Over-contribution

A Registered Retirement Savings Plan (RRSP) is a great way to save for retirement. It offers flexible investing with tax-free investment growth in the plan. Withdrawal(s)...
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Canada Training Tax Credit

Did you pay tuition at an eligible educational institution? Then you may be able to claim the Canada Training Tax Credit (CTC) on your tax...
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Voluntary Disclosures Program

Did you forget to claim some income on past tax returns? Or maybe you discovered a mistake on a past tax or GST/HST return? To...
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Student Loan Interest

You graduated & now face the task of repaying your student loans. While this can be distressing, were you aware you can claim your student...
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Sole Proprietorship or Incorporation?

You’re starting up a small business & it’s time to decide, do you choose a Sole Proprietorship or Incorporation? Though each option is a valid...
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The Home Accessibility Tax Credit

Living in our own homes as we age improves our quality of life. By doing so, we maintain our sense of well-being, independence & self-worth....
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Meals & Entertainment Tax Deduction

As a business owner or sole proprietor, you can claim food, beverage & entertainment expenses. The catch? These expenses have to be incurred for earning...
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Tuition Tax Credit

The cost of a post-secondary education is constantly increasing & one of the biggest expenses students face is their tuition fees. To reduce taxes, students...
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Common Audit Triggers

The Canada Revenue Agency (CRA) typically sends out about 30,000 letters a year letting Canadians know they are being audited. While that is only 0.1%...
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Is it Really the Canada Revenue Agency Contacting You?

One of the most common problems we face in our connected world today is scammers. They are constantly invading our privacy by pretending to be...
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