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Money transfer between US and Canada, and foreign affiliate tax traps
November 30, 2023 Article

Surplus Accounts and Foreign Affiliate Tax Traps

Canadian corporations with subsidiaries in other countries (a “foreign affiliate”) could find themselves facing a nasty surprise tax bill from the Canada Revenue Agency (“CRA”) when they transfer funds back to Canada. Aside from being located outside of Canada,
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Illustration - calendar with December 31str circled
November 3, 2023 Article

Window Closing on Immediate Expensing Tax Incentive Program

The ‘Immediate Expensing’ tax incentive program offered by the Federal Government is coming to an end on December 31st. To help ensure that you’re making the most of this incentive, it is essential to understand the concept of immediate expensing and the
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accounting calculation
August 24, 2023 Article

Business Overhead Costs: When and Where to Cut When Sales are Slowing

While talk of a recession in Canada has waned in recent months, many small and mid-sized businesses are experiencing increasingly challenging economic conditions. In its most recent report on the state of the small business economy in Canada, accounting software
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Stopwatch with loan written at the top and clock hands nearing the top.
June 12, 2023 Business operations

CEBA Loan Repayments Due at Year-End

Business owners should be planning their CEBA loan repayment now to ensure the funds are available to meet the December 31, 2023
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Invoice with large red PAID stamped on
May 29, 2023 Article

Five Simple Mistakes to Avoid When Collecting Unpaid Invoices

Five common errors that business owners make when attempting to recover unpaid debts from
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Invoice with large red PAID stamped on
April 17, 2023 Video

Webinar Recording: Collecting What’s Owed: Practical Steps to Keep The Cash Flowing

Businesses and consumers everywhere are navigating strong financial pressures in the form of inflation and high interest rates as well as uncertainty about the overall economy as there continues to be concerns that a recession is coming. Business owners may soon be
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