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WSIB – The Construction Industry and What You Need to KnowThe rules surrounding WSIB can be complex, but even more so for those operating in the construction industry. Unlike other industries, WSIB coverage is mandatory for everyone working in the construction...

Pricing & Profitability: The Importance of Proper BookkeepingAs prices continue to rise, you’ve likely noticed that your cost of doing business has increased as well. With that in mind, you may be considering raising your prices. After all, the main point of any...

How to manage small business inventoryWhen starting a small business, owners often think about things like the storefront, branding, and displays. They think of smiling employees and happy customers. It’s not usually the image of the shelves and cupboards in the back...

Canadian Real Estate Rental Property – Filing Your TaxesAs a Canadian real estate rental property owner, it is important to understand how to properly handle your income and expenses on your tax return. Failure to report rental income or to claim allowable expenses...

T2 Corporate Income Tax Return Filing Deadlines and PenaltiesIf you own a corporation in Canada, it is important to be aware of your T2 corporate income tax return filing deadlines to ensure that your company’s taxes are filed on time and to avoid any penalties or...

4 Reasons to Switch to Cloud-based AccountingIf you’ve been considering making the move to a cloud-based accounting system, you’re not alone. Cloud technology has impacted many business functions, including making managing financial aspects of your business easier and...

How to manage payroll effectivelyPayroll is one of those things that starts out simply enough. You start your business, hire a few employees, and things tick along pretty well. It’s straightforward enough to keep everything in line at first, but what happens to most...

5 ways outsourcing payroll can help youWhen you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more employees. Before you know it, what...

Corporate Income Tax Payment and Instalment DeadlinesAs a supplementary blog to our previously posted “T2 Corporate Income Tax Return Filing Deadlines and Penalties”, it is also important to not only discuss filing deadlines but also discuss when corporate tax...

How to Make Tax Payments to the Canada Revenue Agency (CRA)To make a payment to the Canada Revenue Agency (“CRA”) for taxes, you can use one of the following methods: · Online Banking: You can use your financial institution’s online banking service to make a payment...