What should emergency funds be used for? How much should you save? Where should you keep the money? Emergency funds are important to have in case you’re ever without work. You should be able to live on your emergency fund for a few months to get back on your feet. Read more…
In this bonus episode, we are bringing in the big guns! Caitlin, VP of finance at TaxForce, joins Riley to talk about what income supports are available to individuals now that CERB has come to an end. She talks about what to do if you were collecting CERB but you Read more…
The topic you’ve all been waiting for… (Okay, at least some of you have been waiting for it!) On this week’s episode of ‘Teaching Riley’, Steve tells Riley all about how to know which debts to pay down first. Tons of good info in this one! Give it a watch Read more…
A quick bonus episode coming at you! We received a warning from the CRA that they are going to be sending out letters to taxpayers who claimed certain tax deductions in their returns. We want you to know, this does NOT mean you did something wrong so do not panic! Read more…
Happy hump day! You know what that means… Another episode of ‘Teaching Riley’ is live! Last week we talked about what counts as a business expense and what doesn’t. Great! So, now I figured I need to know how I should be tracking all of these expenses. This week Steve Read more…
When you’re running a business, it can get confusing to know which things count as write-offs and which things do not. Check out this week’s ‘Teaching Riley’ video to learn about business expenses. Spoiler alert: the short answer is “if you can prove that you needed to spend that money Read more…
This is not a drill. We know that anytime a phone call comes through from the “CRA”, you immediately assume it’s a scam. And that’s a GOOD thing, because scammers do exist and they love to pretend to be the CRA. But, this month the actual CRA is back in Read more…