Posted on February 7, 2021
by Danielle
Leave a Comment
CPP contribution rates, maximums and exemptions 2021 Important notice! Changes to the rules for deducting Canada Pension Plan (CPP) contributions. Changes to the rules for deducting Canada Pension Plan (CPP) contributions In 2012, the rules for deducting CPP contributions changed. These changes do not affect the salary… Continue Reading “CPP Annual Update – 2021”
Category: Accounting, Business Tips, Corporate Accounting, EntrepreneursTags: CPP, CPP benefits, CPP Contribution, CPP exemptions, CPP Mximum, Employee Rate, Employer Rate, Pensionable Earnings
Posted on February 7, 2021
by Danielle
Leave a Comment
Recent changes to the Policies and Information Manual Date of distribution: January 5, 2021 TRANSMITTAL SHEET No: 01 – 2021 January 5, 2021 WHAT’S CHANGED (Please read the policy documents for complete information).Please note that policy changes since the last issue are indicated by… Continue Reading “WCB Changes – 2021 part 1”
Posted on November 1, 2020
by Danielle
Leave a Comment
There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some of the top strategies to lower your taxes and keep more money in your business. ARTICLE TABLE OF CONTENTS Always Collect Receipts Manage RRSP and… Continue Reading “Small Business Tax Strategies – Reduce Income Tax (2020)”
Category: Accounting, Corporate Accounting, Entrepreneurs, Female Entrepreneurs, Personal Finance, Personal Tax, Sole ProprietorshipsTags: Alberta Incorporations, Capital Cost Allowance, Charitable Contributions, Collect Receipts, Home Based Business Deductions, Income Splitting, incorporate, Incorporation Services, Lower your taxes, personal accounting, personal finance, Personal Finances, personal income tax, Personal income tax tips, Personal Tax, personal tax tips, personl tax prep, Reduce Income Taxes, RRSP, Should I incorporate?, Tax credits, TFSA
Posted on May 9, 2020
by Danielle
5 Comments
Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll break it down step by step. Earning side income or owning a small business can be a very rewarding experience, both emotionally and financially. The… Continue Reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”
Category: Accounting, EntrepreneursTags: Accountant, accounting, Alberta Incorporations, Beverly Edmonton, Bookkeeping, bookkeeping tips, business development, Business Hacks, business planning, business tip, canada taxes, canadian tax, corporate accounting, Corporate Tax, Edmonton Accountant, Edmonton Accounting, Edmonton Alberta, edmonton bookkeeping, Entrepreneurs, featured, incorporate, Leadership tips, Reasons your business needs an accountant, Should I incorporate?, Small business, small business tax tips, Sole Proprietorships, tax myths, tax planning, Tax Planning Tips, tax tip, Tax tips, tax tips for small businesses
Posted on May 9, 2020
by Danielle
1 Comment
When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operating a business, without forming a corporation. The income of the business is then taxed in the hands of the owner (the proprietor), at personal… Continue Reading “Should you incorporate your small business?”
Category: Accounting, EntrepreneursTags: Accountant, accounting, accounting tips, Alberta Incorporations, Bookkeeping, Business advice, canada taxes, canadian tax, Corporate Tax, development, Entrepreneurs, incorporate, Incorporation, Leadership tips, Reasons your business needs an accountant, Should I incorporate?, Small business, small business accounting, small business tax tips, Small business tips, Small Businesses Fail, Sole Proprietorships, Tax shelters, Tax tips, Tax Vehicles, Write offs