Category: Small Biz Advice

DIY Bookkeeping

Is DIY Bookkeeping Causing Your Small Business Problems? Throughout the course of running your small business, you’re going to encounter some problems, both big and small.     When you consider that approximately eight out of 10 businesses fail within their first… {Read more}

Should You Incorporate Your Business?

If you own a business, you may have wondered if you should incorporate. Historically the income tax system in Canada has benefited incorporated Canadian small businesses. Although the income and deduction calculations are almost identical to an unincorporated business, the… {Read more}

Tax Deductions & Credits

The difference between tax deductions & credits and whats eligible. Although there’s a substantial difference between a tax credit and a tax deduction, it’s easy to get the two confused. A tax deduction reduces your taxable income, with the actual… {Read more}