The year is flying by and there are only a few months left in 2024, making it the ideal moment for you to review your tax status. Some startups seem to magically avoid tax headaches, but how? The secret might not be magic, but smart planning. Don’t worry this blog post won’t be boring like… Continue reading Mid Year Tax Planning for Canadian Startups: 2024 Guide
Blog Category: Accounting Service
Free Money For Canadian Farmers? New 2024 CCA Updates
Summer is in full swing and your crops and cattle are in the clover, however, there is still one thing that you may be missing out on – an opportunity to lower your tax burden and free up more money for your farm. We are talking about the Capital Cost Allowance a.k.a CCA. This article… Continue reading Free Money For Canadian Farmers? New 2024 CCA Updates
These Record Keeping Secrets Will Maximize Your Patio Season Profits!
Patio season is here, with sunshine, mild breezes, and lively patios, making it a great time for Canadian restaurants and pubs to notice an increase in sales and visitors. However, with the festive atmosphere comes the issue of maintaining correct records. Transactions increase dramatically, businesses extend outside, and financial control becomes important. This article will… Continue reading These Record Keeping Secrets Will Maximize Your Patio Season Profits!
Explaining the 2024 Budget: Tax Changes for Canadian Businesses
The 2024 Canadian federal budget has brought some important changes in the taxation system. Many types of businesses will be impacted by it. Some of these changes will surely affect startups, small and medium-sized businesses (SMBs), non-profit organizations, franchise businesses, and family-owned businesses, among others. What are these changes? Should you schedule a meeting with… Continue reading Explaining the 2024 Budget: Tax Changes for Canadian Businesses
Explained- Crypto Taxes in Canada: A Guide for Businesses and Startups
0We are all aware of how digital transactions and cryptocurrencies are slowly getting into mainstream finances. Even though it is rising as a popular payment and investment option, it also poses serious tax complexities. If your business in crypto is just getting started, we suggest you set up a consultation with a chartered professional accountant… Continue reading Explained- Crypto Taxes in Canada: A Guide for Businesses and Startups
Rising Interest Rates: How Can Canadian Startups, SMBs, & Franchises Overcome the Challenge?
Inflation is rising, and the Bank of Canada is coming up with different measures to control it. However, the situation has led to an overall rising interest rate environment. While it is good for achieving price stability, there are definite challenges for Canadian businesses, such as small and medium businesses, franchises, and startups, who might… Continue reading Rising Interest Rates: How Can Canadian Startups, SMBs, & Franchises Overcome the Challenge?
Budget 2024: Good News for Small Businesses: The Canada Carbon Rebate Explained
If you are a small business owner, you’ll surely be doing many things on your own. In such a scenario, keeping up with the ever-changing tax landscape would be a struggle. The Canada Budget 2024 has a positive update for you. The government has introduced a new Canada Carbon Rebate for Small Businesses. It offers… Continue reading Budget 2024: Good News for Small Businesses: The Canada Carbon Rebate Explained
Budget 2024: New Measures Affecting Information Gathering by the CRA
Budget 2024: New Measures Affecting Information Gathering by the CRA Owning a small business in Canada is full of opportunities. However, it’s crucial to understand the ever-changing tax landscape to deal with business challenges and opportunities. With the onset of Budget 2024, we saw many measures introduced for small, medium, and large businesses. One major… Continue reading Budget 2024: New Measures Affecting Information Gathering by the CRA
Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses
Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses Is your business dealing with rental housing? If that’s the case, then Canada Budget 2024 has good news for you – There is an expansion to the EIFEL rules (Excessive Interest and Financing Expense Limitation). What does this mean? It implies that there will… Continue reading Interest Deductibility for Purpose-Built Rentals: Budget 2024 Update for Canadian Businesses
Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones?
Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones? We all, regardless of where we come from, have one thing in common: we all want to pay less taxes. For an informed discussion with a chartered professional accountant, we always look for such opportunities. Don’t we? Whether we are in… Continue reading Tax-Free Estate Planning: How to Pay Less Tax and Leave More for Loved Ones?