The Canadian government announces a while back that they would be implementing a $20,000 extension to the CEBA loan. It took a while before the extension actually came to be, but applications are officially open. The original CEBA loan was $40,000, $10,000 of which was forgivable. The extension puts the Read more…
Many business owners may have forgotten about the 10% Wage Subsidy (TWS) Program. The Canadian government announced the program in March, near the beginning of the COVID-19 pandemic. Soon afterward, they announced CEWS (Canada Emergency Wage Subsidy). Who Can Apply? CEWS is tied to income, so businesses without a large Read more…
This time of year, many businesses make donations to charities. This is a great way to support causes you believe in, while simultaneously getting a tax deduction. But, there are a couple of ways you can do this… One of them allows you to make free money (not pay tax Read more…
Skipping right to the end here… Who makes sure you stay on track financially? YOU DO! (Sorry to be the bearer of bad news). This topic came up for us at The TaxForce a couple of weeks ago. One of our clients told us about how she had outsourced a Read more…
It’s the most wonderful time of the year! Time to start thinking about how you’re going to reward your employees for all the hard work they’ve done this year. And this year more than ever, spreading the holiday cheer is so important! So, we thought we’d do a video all Read more…
Going into this video, I knew very little about HST or when business owners need to register to collect it. The only thing I really knew was that there is a $30,000 business income threshold and once this threshold reached, you’re required to register for HST. Maybe you know that Read more…
Kids learn lots of subjects at school… science, english, math, music, art… But, personal finance, accounting, and how taxes work is unfortunately currently not one of them.However, kids might not miss out on this lesson entirely because every year on Halloween, Dads seem to take it upon themselves to teach Read more…
A few weeks ago we did a video all about debt and which debt to focus on paying first. If you missed it, be sure to check it out and then come back here for this one! In that video, we talked about how sometimes the loans/debt you should focus Read more…
Many businesses have been making the move to online platforms in recent years. Especially this year, moving businesses to an online space has been more important than ever. The COVID-19 global pandemic has led to a need to speed up this process in order to keep business running. Maybe you’d Read more…