Author: oc_dev_adm

There are only two certainties in life: death and taxes. It’s no secret that filing taxes can be a stressful affair. That’s especially true for Canadians, who pay almost $15,000 per citizen per year. Tax season can leave you scratching your head and low on money. For business owners, taxes can seem even more complicated. …

Owning a small business in Canada has quite a few perks. One of the biggest is the fact that the Canadian government offers tax incentives for small business that surpass other countries. When you write off the applicable business expenses under the CRA’s Statement of Business or Professional Activities, you may decrease your taxes payable …

Estimates indicate that over 300,000 thousand people move to Canada every year. These individuals often choose Canada for its career opportunities, social welfare programs, and beautiful scenery. While new immigrants to Canada enjoy many benefits, there is also a learning curve involved with becoming a Canadian citizen. For instance, new Canadians must learn how to …

Do you own a small business in Alberta and need someone to help you file income taxes? Are you an individual that wants to get the most out of their tax return? If you pay taxes in Alberta, you need to use a tax accountant. Everyone can benefit from their services when tax time rolls …

A business is only as good as it’s bookkeeper. Good records will help you keep track of where your business has been, and knowing that will help you plan ahead and make important decisions that can determine the success of your business in the future. Bookkeeping records can help you: Track your business growth by …

Starting January 1st, new measures came into effect that will affect anybody who has used income sprinkling to pay less tax on business earnings. Income sprinkling was a technically legal way to reduce your tax burden by paying family members dividend income from your business. Say you make $100,000: you could pay $24,809 on that …

We covered in a previous post how you can carve out the time to build your small business into a medium business. There are going to be a lot of challenging moments when you’re growing a business and scaling up, but the main one is keeping what made you start the business in the first …

  You probably got a loan, large or small, to start your business and you’re likely to be paying it back for quite some time. Your business won’t take a smooth trajectory from small business loan, to paying it off to rolling in profits: you might need another business loan or line of credit to …

2018 is rapidly approaching. Before you know it the holidays will be upon us and the new year will have started. Next, it will be spring and then it will be time to file your 2017 taxes. Avoiding the stress that often comes with the reporting season is made easier when you implement personal tax …

We’ve said before how important it is to make every second count when running a small business, from Bonnyville Accountants like ourselves to one of our diverse set of clients. Once you have the big picture taken care of you’re faced with the nitty-gritty of actually getting your work done, hour by hour, minute by …