A Readiness List for GST Season

A Readiness List for GST Season

Filing a GST payment does not have to be stressful. Staying organized and keeping receipts will make the process manageable. Unfortunately, many Canadian business owners are not ready for the GST season. This lack of preparation can result in unnecessary tax penalties and stress. With the GST season fast approaching, our team has created a […]

Can Paying An Accountant Actually Save Me Money?

Can Paying An Accountant Actually Save Me Money?

Everyone knows the old adage, “you’ve got to spend money to make money.” Well, it also applies to hiring an accountant, but perhaps it’s better phrased as “you’ve got to spend money to find money.” There are lots of reasons why hiring an accountant might net you more money in the long run. Trust The […]

Who Has to Pay Installments on Taxes?

Who Has to Pay Installments on Taxes?

Paying installments on taxes can seem like a complicated task. People are often unsure of how much they have to pay or when they have to pay. Understanding the nuances of tax installments will keep your business prepared and on top of payments. This article will touch on some of the basics of paying tax […]

Do I Charge GST or HST On Sales to Other Provinces?

Do I Charge GST or HST On Sales to Other Provinces?

If you are running a business, self-employed, or a contractor in Canada, you may be required to charge GST or HST on sales to other provinces. GST and HST are charged by businesses and contractors that no longer qualify as small suppliers. The rate of GST or HST you charge will depend on where business […]

Will Any Pandemic Tax Benefits Be Continued in 2022?

Will Any Pandemic Tax Benefits Be Continued in 2022?

The Covid-19 pandemic continues to make life difficult for individuals, families, and businesses. As we are currently in another lockdown, both businesses and individuals are looking at potential pandemic tax benefits for the year. The Canadian government has adjusted many of its Covid-19 policies for the 2022 year. Read this article to find what pandemic […]

What Goes into a Business Financial Statement?

What Goes into a Business Financial Statement?

Financial statements are completed every quarter and provide clear insight into the operational health of any business. Financial statements are commonly used by investors, analysts, and reporters to research operational performance. Are you wondering what goes into a financial statement, and what is it used for? A business’s financial statement will show you detailed and […]