Before you gather a single receipt, decide how you’re going to file. It sounds backwards, but where your return ends up changes

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How to file your taxes as a sole proprietor: DIY, tax software, or hire someone?


Three form numbers come up the moment you start a business in Canada, and most people can’t tell you which one applies

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T1, T2125 or T2? Which tax return your business actually files, and when a corporation is worth it


Somewhere around year two or three, this happens to almost every growing business owner I work with. You’ve just scraped together the

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Tax instalments: why CRA suddenly wants next year’s tax in advance, and how to stop being caught short


In my last post I said the home office calculation was fiddly and left it there. Fair enough — it is. But

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Home office expenses: what you can actually claim, and the part everyone gets wrong


Tax season can be a stressful time for many business owners, but with the right strategies, you can significantly reduce your tax

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10 Tips to Save Money at Tax Time


If you run an online business in Canada, sales tax is one of those things that feels fine to ignore — right

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How to Charge GST/HST for Your Online Business in Canada


As the year draws to a close, it's the perfect time to organize your tax documents and ensure a smooth transition into

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5 Essential Tips to Simplify Year-End Tax Preparation for Your Online Business


Identify and Stop Money Leaks in Your Business As fall progresses, it's the perfect time to identify money leaks and plan for

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Stop Money Leaks: Save Hundreds of Dollars with These Simple Fixes


Wondering how to collaborate with a bookkeeper or accountant without meeting in person? You're not alone. Many online business owners initially question

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Virtual Bookkeeping: Managing Your Finances Without In-Person Meetings


Tax season is not the hard part. The hard part is February, when you're trying to find twelve months of Shopify reports,

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Getting your books tax-ready: the monthly habits that make tax season boring


Most letters from CRA are not audits. About nine in ten of the ones I've handled for clients over the years were

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Got a letter from CRA? The difference between a review and an audit, and what to do next


A potential client asked me recently whether business owners should collect a salary. The answer I gave was "it depends". With that

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When Should I Start Paying Myself a Salary?


Why You Shouldn't Hire a Bookkeeper For Your Business Right Away As your business grows, many will suggest outsourcing financial management to

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Do You Really Need a Bookkeeper? Discover When to Hire for Your Business


What Your Online Business Can Actually Write Off If you run an online business in Canada, you can write off your software

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Expenses You Can Write Off For Your Online Business — And the Ones Most People Miss


Bookkeeper Vs. Accountant ~ Who Should I Choose? The answer? It depends on you and your business! Let’s break down some of

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Bookkeeper Vs. Accountant


It's the first month of the year, believe it or not! How are your new goals coming along so far?! Just because

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Starting a New Business? 3 Essential Steps to Establish Your Legal & Financial Foundation


Many business owners delay hiring a bookkeeper until they find themselves overwhelmed or facing issues with government taxes, such as sales or

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35 Ways a Bookkeeper Can Save Your Business Money and Boost Efficiency


A Day in the Life: Humorous Tax Deduction Requests Recently, I had an amusing day that I thought I'd share. I'm part

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Humorous Tax Deduction Requests: What You Can Actually Write Off


Are These Your Questions? "How do I choose the right software to manage my business finances?" "I need to start tracking my

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How to Choose the Right Accounting Software for Your Business