Given the heated real-estate market in Toronto, there are several investors that have tapped into this market by acquiring investment properties for rental purposes. However, most owners are not aware of all the deductions allowed by the CRA under Rental Income. Still Accounting has the expertise on how to maximize the…
Income splitting is a tax term in which the taxpayer income is split to reduce the taxes owing for that taxpayer. Income splitting is a strategy that can be implemented by high-income owners of private corporations to divert their income to family members with lower personal tax rates. When a…
You have created a viable product you are proud of. You are spending late nights with your pitch deck. You are probably not lying awake at night wondering, “Are my books balanced?” Accounting and bookkeeping is not as urgent as, say, finding a technical cofounder or figuring out your cash runway. However,…
Being a Small Business owner, you already face a multitude of challenges whether it is Operations, Sales and/or Marketing. With the Covid-19 pandemic, we are facing a lot of issues in a very short time. The government has been very reactive in making new policies to support people in Canada…
During the current challenging times, a lot of small businesses are experiencing a significant drop in revenue and are experiencing a cash crunch. Below are some tips for managing cash flow. During uncertain times, small business owners have a greater impetus on the ability to make the right decisions with…
