For 2023 we have outlined the key tax issues in the checklist below.
The Client Track Portal is a quick and easy cloud based service where you can share files with your accounting professional and see what they are working on and what they might need from you.
If you haven’t been invited to the portal and would like to, please let us know!
Use this checklist to understand each stage of your business’ lifecycle. Although the checklist may not show everything you need to know, you may find it a great place to start. You can find more information from the links supplied.
Business and management ideas and trends from PROFIT Magazine. Industry news, growth strategies, expert advice and startup opportunities for entrepreneurs, and more.
BDC’s mission is to help businesses grow and succeed through flexible financing, business consulting and venture capital. As Canada’s business development bank, they work with entrepreneurs in all industries and stages of development, with a focus on small and medium-sized enterprises.
The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
Information about regulating the political activities of charities
Canadian federal agency working to protect and educate consumers of financial services. It oversees insurance, banking, and investing. There are several helpful calculators to take advantage of – including budget and mortgage calculators.
The calculator’s results are rough estimates based on the information that you provide. Although the results should not be considered financial advice, it is a great tool to help you get started.
The Canada Revenue Agency (CRA) administers tax and benefits programs, and ensures compliance with Canada’s tax laws. There are many helpful videos to peruse on their channel, discussing topics such as filing online, e-services and direct deposit.
BizPaL is jointly managed by a partnership involving governments at the federal, provincial, territorial and municipal levels. Provinces, territories and hundreds of municipalities have collaborated together to provide you with the permits and licences that may be required to start and grow your business.
Do you have a handful of medical-related expenses? Not sure if they are claimable? Medical Travel to another city for a specialist, gluten-free products for a beloved Celiac, essential supplies for those with Diabetes… Even if you are covered, premiums paid to private health services plans can be claimed. We encourage everyone to take a thorough look at CRA’s detailed list of Eligible Medical Expenses. And remember: Every little bit helps!
The Canada Revenue Agency (CRA) is providing Canadian businesses with important information to protect their business from tax schemes where individuals, including some promoters, tax representatives and tax preparers may be falsely submitting or inflating Canada Emergency Wage Subsidy (CEWS) claims.
What You Should Know Before You Transfer Life Insurance
Planning for all of life’s events is not always possible. The same can be said for the transfer of a life insurance policy to a new owner, whether an individual or corporation. While it’s best to avoid the need to transfer life insurance entirely – and the accompanying tax consequences, which can be complex and onerous – it’s not always possible to foresee every future circumstance, and so sometimes, it just needs to be done.
You’ve spent years, maybe decades, tirelessly building your business. When the time to sell approaches, the realization sets in that the success of that sale will impact not just your retirement, but also the legacy you leave for employees, the community and your family. At the same time, most businesses are not “sale ready”. Below is an overview of key considerations as you prepare for a sale.
For many families, a summer or winter home or cottage is one of their most treasured assets. Most cottage owners want the cottage to stay in the family for generations. However, this requires significant thought and planning. Families need to know that legal costs and family disputes come with poorly managed cottage succession. This article identifies common problems and some solutions for passing on the cottage. It is not meant to be exhaustive. Legal advice should be sought so that the particular circumstances of each family and cottage can be considered.
The Wayback Machine is a digital archive of the World Wide Web founded by the Internet Archive, a nonprofit based in San Francisco, California. Created in 1996 and launched to the public in 2001, it allows the user to go “back in time” and see how websites looked in the past.
CANADA.CA
Be sure to register for My Account and My Business Account
CFIB
Additional Support for Canadian Businesses from the Economic Impact of COVID-19
SERVICE ONTARIO
Frequently Asked Questions – 10% Temporary Wage Subsidy for Employers