Tag: Tax tips
“Sole Proprietorship vs Incorporation” – Planning your business strategy
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”
Should you incorporate your small business?
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?”
COVID19 Resources – Personal & Business (Updated 07/21/2020)
General Information: (Updated 7/21/2020) Most updated interactive guide(s) to programs available: https://www.cfib-fcei.ca/en/covid-19-frequently-asked-questions https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry General info on benefits with all relevant links for even more info! https://newsinteractives.cbc.ca/coronavirusbenefits/ General Links: https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection/canadas-reponse.html https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html? https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/ https://www.canada.ca/en/department-finance/economic-response-plan.html https://www.canada.ca/en/public-health/services/diseases/coronavirus-disease-covid-19.html https://www.alberta.ca/coronavirus-info-for-albertans.aspx https://www.alberta.ca/covid-19-supports-for-albertans.aspx The unfortunate reality… Continue Reading “COVID19 Resources – Personal & Business (Updated 07/21/2020)”
Life Insurance for a Family of One
We spend a lot of time talking about how couples, families and businesses can protect their financial futures with life insurance. But what about if you are single—do you need life insurance, too? There are those people who have no children, no one depending… Continue Reading “Life Insurance for a Family of One”
Accounting Outsourcing: The Nitty-Gritty that you need to know
Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view of the approaching tax season? Simply opt for accounting outsourcing to deal with the issue with ease and perfection. This is the simplest way for… Continue Reading “Accounting Outsourcing: The Nitty-Gritty that you need to know”