Recession Proof Your Business by Keeping an Eye on Cash Flow

Running a business is no small feat, and the importance of effective cash flow management to sustain and grow your operations cannot be overstated. Economic uncertainties, like the possibility of a recession, can be daunting, but with the right strategies in place,...

Avoiding Common Pitfalls when Applying for SR&ED Tax Credits

Applying for SR&ED Tax Credits and knowing how to avoid the pitfalls in doing so will help you reduce the taxes you owe. Tax credits can substantially reduce the tax you pay each year, but qualifying for them can be complicated. The tax credit for Scientific...

Employee Ownership Trusts

Employee Ownership Trusts A New Option for Business Succession in Canada If you are a business owner in Canada, you may be wondering how to plan for the future of your company and your employees. You may have considered selling your business to a third party,...

Underused Housing Tax – What You Need to Know

What You Need to Know About The New Underused Housing Tax Update: The Canada Revenue Agency announced on March 27, 2023 that they will provide transitional administrative relief for the 2022 tax year. Even though the deadline for filing the UHT return and paying the...

Canadian Guide to Record Retention Policy Best Practices

Canadian Guide to Record Retention Policy Best Practices All you need to know about Canadian document retention policies and best practices according to the Canada Revenue Agency (CRA) Well, have at it — at least some of it. As you wash winter off your windows and...