Top Tax Write-Offs for Self-Employed Canadians
Taking tax deductions can help you avoid overpaying your taxes and use tax incentives available to Canadians focused on small businesses. If you are a
May 25, 2025
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How to Prepare Year-End Financials for Tax Filing in Canada
When your fiscal year ends, making sure your year-end financial statements are ready for taxes is a crucial task for any Canadian company. Being well-organized
May 25, 2025
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Cash vs. Accrual Accounting: Which Method is Right for Your Business?
One of the biggest decisions for a business owner is deciding which accounting method to use. The main options in accounting are cash vs accrual,
May 25, 2025
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Tips to Pay Taxes for E-commerce in Canada
Running an e-commerce business in Canada means understanding the tax system that comes with it. From charging the right sales tax to knowing which expenses
May 25, 2025
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Taxation of Employee Stock Options in Canada: Key Rules and Recent Changes
In Canada, stock options are taxed in two stages: At Exercise: When you exercise your stock options (i.e., buy the shares), the difference between the
May 24, 2025
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What is Back Tax Accounting and Why is it Important?
Back taxes can be intimidating for individuals and small business owners alike. But understanding what they are, why they matter, and how to handle them
April 18, 2025
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How to File Back Taxes Without Records
Filing back taxes can feel overwhelming—especially if you’ve lost or never collected the paperwork needed to confirm your income and expenses. However, how to file
April 17, 2025
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How Can a Tax Accountant Help Me with Back Taxes and Penalties?
Dealing with back taxes and tax penalties can be one of the most stressful aspects of managing your finances. Whether you’ve missed filing for a
April 17, 2025
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How to Choose the Best Accounting Firm for Your Business
Choosing the right accounting firm is one of the most important financial decisions a business owner can make. A good accountant does more than just
April 17, 2025
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Top Common Bookkeeping Mistakes Small Businesses Make
Financial management stands as a vital procedure for controlling the operation of small businesses. A large number of entrepreneurs make known bookkeeping errors that produce
April 17, 2025
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How AI And Accounting Is Saving You Money
Artificial Intelligence (AI) is revolutionizing the accounting industry, offering unprecedented efficiency and cost savings for businesses of all sizes. As a small business owner, you’re
October 1, 2024
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What Is Double-Entry Accounting?
Unlike single-entry accounting, double-entry accounting records every transaction in two accounts: one as a debit and the other as a credit. This method makes sure
October 1, 2024
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