One of the most important financial decisions you must make as a Canadian business owner is how you pay yourself—by salary, dividends, or both. Every approach has different tax consequences; thus, the appropriate decision might change your personal and business...
Filing personal taxes can be simple if only one employment or income source exists. However, things can get far more complicated when you have several sources of income—such as side enterprises, investments, rental income, or freelance labor. Maximizing your tax...
You’ve worked hard to set up your business and turn a profit, and it’s likely that for the first few years, you sacrificed your personal needs so that you could put any profits made, right back into your business to promote its growth. But now that your business is...
Just as with organizations that pursue profits, non-profits must also comply with stringent regulations for financial reporting and accounting, so that they can show openness to members, funders, and regulatory authorities, as well as preserve their status....
Even if the thought of talking finances makes you break out into a cold sweat, if you’re the owner of any type of business, it really is important that you understand how your company is performing financially so that you can make better informed decisions to support...
