By Liz O'Dowd on June 10, 2013 
Leave a comment
Having a small business as your main source of income can often create financial challenges. If you own a seasonal business, for example, you may be trying to generate a year’s income in a short amount of time. If you… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
The Canada Revenue Agency (CRA) reminds self-employed individuals and their spouses or common-law partners that this year, the June 15 filing deadline has been extended to midnight on Monday, June 17, 2013, as June 15 falls on a Saturday. However,… {Read more}
By Liz O'Dowd on June 10, 2013 Leave a comment
Expanding your business usually involves dedication and hard work. Before moving ahead, consider whether you and your team are fully committed to making the effort and if your operation is ready to support growth before investing your time and money…. {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Wholesale sales advanced by 0.3% in March to $49.1 billion. The increase was mainly due to higher sales in the motor vehicle industry. Since May 2012, wholesale sales have been relatively flat. In volume terms, wholesale sales were up 0.1% in March. Gain led… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Halifax, Nova Scotia, Ontario, May 20, 2013… The Honourable Gail Shea, Minister of National Revenue and Minister for the Atlantic Canada Opportunities Agency, today announced that Canadian families are receiving significant tax refunds as a result of the low-tax measures… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Any person (individual, partnership, corporation, trust, etc.) carrying on a business must keep books of accounts and records which provide the ability to calculate taxes payable. These books and records must be supported by “source documents” which substantiate the amounts… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
Jim Flaherty, Minister of Finance, on May 27, 2013, urged Canadians to take advantage of the Harper Government’s new First-Time Donor’s Super Credit and donate to a charitable organization. Speaking at Lutherwood, a not-for-profit health and social service organization serving… {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
The Bank of Canada announced on May 29, 2013, that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent…. {Read more}
By Liz O'Dowd on May 29, 2013 Leave a comment
On May 28, 2013, Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today welcomed the news that the Organisation for Economic Co-operation and Development (OECD) has reaffirmed Canada as one of the top places to live… {Read more}
By Liz O'Dowd on May 24, 2013 Leave a comment
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per… {Read more}