Let's dive into the differences between a T4 and a T4A and how they relate to the underlying relationship between individuals and organizations. It's crucial to understand whether a person is an employee or a contractor, as misclassifying them can...
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Let's delve into the topic of taxes and the importance of setting aside money upfront to avoid financial strain. Depending on your location and...
Let's delve into the world of tax credits within your business and how you can fully leverage them to minimize your tax burden legally. One of the...
One of my favourite topics is income splitting and how it can significantly lower our income tax rates as individuals. Both Canada and the United...
Let's talk about compensation opportunities for business owners within a corporation. As a business owner, you have two options: you can take a...
Let's talk about deferring taxable income and how we can approach this for you, your family, and your business. Deferring income means pushing the...
Let's talk about creating a budget for small businesses. I'm going to take a step back here and just say that if I had to give advice for the number...
Let's talk about accelerating tax deductions. This is probably one of the most popular questions that I get asked: "Bob, what can I spend money on...
So, here are some basic bookkeeping terms that you need to understand.
You remember the feeling when you first opened your small business, right? That sense of purpose, the thrill of new beginnings, the hope of financial...
