How to work with your accountant on cash flow projections in Canada?
Engage your accountant early in the process by providing detailed income and expense data for the upcoming quarter. Clear, accurate…
What to do if you’ve made a tax filing error in Canada?
If you discover an error on your Canadian tax return, take immediate steps to correct it. Filing a replacement return or submitting an…
What is the role of accounting in securing financing in Canada?
Accurate and transparent accounting practices directly influence a company’s ability to secure funding in Canada. Financial statements…
What is the role of financial forecasting in Canadian business planning?
Accurately projecting future financial performance enables Canadian businesses to make informed decisions, allocate resources efficiently, and…
How can an accountant help with business valuation in Canada?
Engaging a skilled accountant is essential for accurate business valuation in Canada. They analyze financial statements meticulously, ensuring…
What to do if you’re behind on bookkeeping in Canada?
Begin by organizing all your financial records, including receipts, invoices, bank statements, and payroll information. Sorting these…
How to create a financial roadmap for business expansion in Canada?
Establishing a detailed financial plan is the foundation for sustainable growth in the Canadian market. Analyzing current cash flow, assessing…
What to do if you receive a CRA audit notice in Canada?
Immediately review the audit notice carefully to understand which tax years and specific issues are being scrutinized. Document all relevant…
What are the tax implications of stock options for Canadian employees?
If you receive stock options as part of your compensation package, knowing the tax implications can significantly impact your financial…
What are the bookkeeping considerations for employee loans in Canada?
Implementing accurate recording methods for employee loans is critical to maintaining clear financial records and ensuring compliance with…