The Small Business Outlook
Sole proprietorship vs Corporation in Canada - What's the Difference?
When starting a business in Canada, one of the most important decisions you must make is whether to incorporate or operate as a sole proprietorship. This can have financial,...
How To Invest Your Money in Canada - A Beginner's Guide
Let’s face it, investing can be intimidating. There is a myriad of options for investments in Canada, which can lead to paralysis in deciding how and where to put your money....
When can you claim business expenses and how to calculate them?
It’s important to claim all possible business expenses in order to minimize your taxes owing. Depending on your situation, the business expense tax deduction will be somewhat...
How does a Registered Education Savings Plan (RESP) work?
A Registered Education Savings Plan (RESP) is a great way for a parent or grandparent to save for a child’s post-secondary education. The Canadian government even offers a...
Self Employment Ideas for Starting a Business in 2021
Everyone dreams of having financial independence, yet how can you achieve it? The answer is by working for yourself.
What is a trustee and what does it mean?
Planning for when we are not here is not the most exciting nor enjoyable task. For that reason, it is understandable that many avoid doing so, with the Angus Reid Institute...
What is Critical Illness Insurance? Coverage, Payout, and more
Critical illness insurance provides a lump-sum payment in the event that you are hit by a major illness, such as a stroke or cancer. You can purchase plans that will provide...
Claiming dependents on taxes in Canada - Who is Eligible?
Everyone in Canada likes to minimize the amount of tax they pay – so be sure to claim a deduction for your dependent if you are eligible. You’d be surprised at who can be...
A Quick Guide to Accidental Death and Dismemberment (AD&D) in Canada
You have almost certainly heard the phrase, "expect the best but prepare for the worst". It's popular for a reason. Accidental death and dismemberment would definitely be...