What are the bookkeeping requirements specific to British Columbia?
Start by maintaining accurate and detailed financial records that align with the reporting standards set by the British Columbia government.…
What are the bookkeeping considerations for incubator programs in Canada?
Maintain detailed records of all financial transactions from day one to ensure transparency and simplify tax filing processes for your…
How do corporate tax rates compare across Canadian provinces?
If you aim to reduce your company’s tax expenses, focusing on provinces with the lowest corporate rates can provide immediate financial…
What are the tax implications of angel investments in Canadian startups?
Investing as an angel in Canadian startups offers significant potential for tax savings when approached strategically. Taking advantage of…
How to account for SAFE agreements in Canadian startups?
Properly recognizing and recording Simple Agreement for Future Equity (SAFE) agreements is crucial for Canadian startups to ensure accurate…
What are the bookkeeping requirements for accelerator programs in Canada?
Ensure accurate financial record-keeping by establishing clear procedures for tracking income, expenses, and investments from day one. Proper…
How to handle accounting for pivot costs in Canadian startups?
Implementing a rigorous pivot cost accounting system enables startups to allocate expenses precisely during strategic shifts, minimizing…
How to account for founder equity in Canada?
Start by establishing clear ownership percentages among founders based on each individual’s contribution, expertise, and resources. This…
What are the common audit findings for small businesses in Canada?
Identify and address discrepancies in expense documentation to prevent costly penalties and ensure accurate financial reporting. Many small…
How to select an external auditor in Canada?
If you want to ensure your financial statements are accurate and compliant, selecting the right external auditor becomes a priority. Start by…