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As the end of the year approaches, some of us find ourselves overwhelmed by top 10 lists, the hordes of shoppers and endless renditions of Christmas Music. Businesses tend to experience a slowdown, which makes it the perfect time for small business owners to take a closer look at their overall business, financial and tax situation. When you are not href="https://w...
If you’ve been in business or a solopreneur/self employed for some time, you’ve probably wondered how long you need to keep your business related documents. Shoeboxes and/or filing cabinets take up physical space that is often limited and can be better used for more important things (like a nice cabinet or artwork).
Unfortunately, you can’t just dispos...
Debt is often perceived negatively. Debt can be “evil”, “crippling” and an “unforgiving master”( the last one from the Google query “Debt is…”;). It can suggest a lack of sufficient cash flow and an inability to fulfil your funding requirements. It also an indication of increased risk, as if you are unable to service your debt repayments, it could have dire consequen...
Every good act is charity. A man's true wealth hereafter is the good that he does in this world to his fellows. - Moliere.
Unfortunately, the Canada Revenue Agency (CRA) has specific criteria for what qualifies as a charitable donation and not all good acts qualify for a tax benefit. href="https://ca.movember.com/" target="_blank" rel="noo...
If you’ve tried to sign up for a service recently, chances are that you will be directed to a monthly subscription. The monthly price seems attractive, since it is likely lower that the lump sum that you would have paid in the past. You sign up and think that you will cancel in a month or two once you have extracted the value that you came for. But, it often...
