Health Spending Account CRA | Olympia Benefits Blog

Blog Articles by Doug Ronson

What is rehabilitation therapy and how does it work?

Rehabilitation therapy is often provided after an individual is injured in an accident, has had a stroke or is suffering from a chronic condition, such as back pain. In this article, we will talk about different types of rehabilitation therapy. In addition, we will discuss what’s covered (and...

March 4, 2023

What creates a strong corporate culture?

Every organization has a corporate culture. Often it is spelled out in a statement of values agreed upon by both leaders and employees; sometimes it is an unwritten code that...

Moving forward: Small Business Debt in Canada

Many small businesses take on debt to get started, expand their operations or increase marketing. During the pandemic, some needed to borrow just to stay afloat. With Covid...

How does capital equipment leasing work?

Capital equipment leasing may sound like solely an opportunity for big mining and manufacturing firms, but small businesses like farms, dental offices and restaurants can...

Mousetraps and Patents - A Guide to Patents in Canada

When you invent a new product or process, it’s important to file for patent protection to prevent others from copying your idea and profiting from it. In this article, we’ll...

How to prepare for a small business audit

The Guide to Small Business Tax Audits - Avoid & Prepare

When you run a small or medium-sized business, you want to be sure to stay in the good books of the Canada Revenue Agency. If you are audited by the CRA, it could cost you a...

How to identify and avoid small business fraud

Unfortunately, when you run a small business you are a target for fraudsters. Many of these scammers are located in other parts of Canada or even other countries. However,...

Everything you need to know about small business bankruptcy in Canada

For a small business, filing for bankruptcy is usually considered a “last resort” since it will mean the end of your company. In this article, we talk about how bankruptcy...

New tax credits for 2022 in Canada

No one likes to pay more taxes than they have to – so be sure to take advantage of all of the tax credits available. In this article, we’ll look at the new tax credits for...

How does inflation affect small businesses?

Rising costs hurt everyone, including small businesses. Your employees may be demanding higher wages and suppliers may be increasing prices every time you place an order. And...

Six key things when planning for retirement in Canada

There are many articles offering advice on how to plan financially for your retirement. Money is important and we’ll certainly dive into finances in this article. However,...