The Small Business Outlook
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,...
Unanimous Shareholder Agreement - Explained
These types of agreements are usually used by companies with a small number of shareholders, which are often called “incorporated partnerships.” A unanimous shareholder...
What is an arm's length employee?
When you own a family business, you may have two types of employees: arms-length and non-arm’s length. In this article, we’ll discuss non-arm’s length employees, who are...
What is a Non Registered Account and How Does It Differ?
In Canada, the government offers special tax treatment in registered accounts, such as an RRSP and TFSA. These registered accounts come with certain restrictions. On the...
What is the RRSP Deduction Limit?
An RRSP is a great way to save for your retirement. However, the Canadian government does put a limit on how much you can contribute and deduct from your taxable income.
How does the disability tax credit work?
People with disabilities face costs that other taxpayers don’t, such as attendant care, special devices and computer software. In addition, they are more likely to be able to...
What happens to an RRSP when you die
Nobody wants to consider their own death, but it’s important to plan carefully so that your family is not hit by a huge tax bill. Read on to learn more about what happens...
How are Registered Retirement Income Fund (RRIF) withdrawals taxed?
Some Canadians are shocked when they realize that they must pay tax when they retire and start withdrawing money from their RRIF. However, it’s only fair. When you put funds...