Sep 30, 2024 | Chartered Accountants Toronto, Small Business Accountant, Tax Advisory
Planning for the future is a crucial aspect of managing your wealth and ensuring a smooth transition of your assets. One effective strategy to consider is an estate freeze. This financial planning tool can offer significant benefits, particularly in the Canadian... 
Aug 3, 2020 | Chartered Accountants Toronto, Small Business Accounting
During July 2020, the Prime Minister and Finance Minister announced various updates on the measures the Canadian government is taking to support individuals and businesses. Further changes to income tax filing and payment deadlines: The original income tax payment and... 
Apr 3, 2020 | Chartered Accountants Toronto, Small Business Accountant, Toronto Chartered Accountant
On April 2, 2020, the Finance Minister announced various updates on the measures the Canadian government is taking to support individuals and businesses. These new measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will now... 
Mar 19, 2020 | Chartered Accountants, Chartered Accountants Toronto, Small Business Accountant, Toronto Chartered Accountant
On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion... 
Feb 21, 2019 | Chartered Accountants, Small Business Accountant, Small Business Accounting
Many small business owners in Canada are unaware of the various deadlines for filing and payment of taxes for their corporations. It is important to ensure that deadlines are met in order to avoid interest and penalties. Something that may be helpful is that the... 
Nov 16, 2018 | Small Business Accounting, Tax Advisory, Toronto Chartered Accountant
Many small business owners are unfamiliar with the tax changes taking place in 2018, especially the changes related to the refundable dividend tax on hand (RDTOH). What is RDTOH? RDTOH is a tax mechanism used under the Canadian tax system that is built on the concept... 
Jul 6, 2018 | Small Business Accounting, Tax Advisory
When running a small business in Canada, most entrepreneurs are savvy enough to know that when revenues (for taxable supplies) exceed $30,000 in any four consecutive quarters, it is time to register for and collect GST/HST. This also means that you’ll need to file... 
Jun 19, 2018 | Chartered Accountants Toronto, Small Business Accounting, Tax Advisory
A major concern for Canadian small business owners has been the talk and proposals regarding revised tax rules that the government brought forward in the middle of 2017. While there was a lot of confusion, opposition and unanswered questions at the time, there have... 
May 23, 2017 | Small Business Accounting
Having your business evaluated by a Chartered Accountant provides you with an accurate picture of what it is worth in the current market. A business valuation is important for business owners if you are looking to make any changes. Professional Chartered Business... 
May 15, 2017 | Small Business Accountant
A Chartered Professional Accountant can help your business grow at various stages. They do a lot more than handle payroll, bookkeeping, and taxes. The financial advice they can provide can make or break whether a business survives or not. A big question small business... 