Blog & Resources

Is Rental Income Taxable? Key Insights for Canadian Landlords
Leasing property in Canada can be a source of income, but a common question among landlords is whether this income is subject to taxes. The

Understanding Your Notice of Assessment
Doing your taxes is a big deal every year for lots of folks in Canada. After you’ve sent off your return, maybe with some help

Why Every Towing Company Needs a Good Accountant
Key Points Professional accounting keeps your business compliant with the latest CRA reporting requirements for trucking services to avoid penalties for misclassified contractor payments. Expert

How to Do Payroll in Canada: A Guide for Small Business
You’ve started your business, you’ve hired your first employee, and things are moving. It’s an exciting time. Then it hits you — the reality of

What Are The Options Available To Business Owners?
As you start your journey into entrepreneurship, it’s likely that you and your team will be juggling multiple tasks simultaneously. However, as your enterprise expands,

Bookkeeper vs. Accountant: What’s the Difference?
Curious about the distinctions between an accountant and a bookkeeper? Most people think accountants and bookkeepers are one and the same, but there is a

How to Find a Small Business Accountant (2023 Guide)
As a small business owner, your agenda is constantly full. Running your company on a daily basis is just the beginning; you are also tasked

10 Questions To Ask Your Tax Accountant
Canada hosts around 1.3 million businesses with employees and nearly 2.9 million individuals who work for themselves. For those who are business owners, freelancers, or

What Are The Different Types Of Corporations In Canada?
Initiating a business allows you the opportunity to establish it as a corporation. Seen as a separate legal entity, a corporation operates independently, and various

Accounting Errors: How to Avoid and Correct Them
Mistakes in a company’s financial records can lead to costly, time-intensive problems, underscoring the critical need to identify, prevent, and rectify such errors. An accounting