What are the record-keeping requirements for e-commerce in Canada?
Maintain accurate sales records for at least six years to comply with Canada Revenue Agency (CRA) regulations. This includes detailed…
What tax forms are required for e-commerce businesses in Canada?
Accurate filing begins with understanding which tax forms your e-commerce venture must submit. Register for a GST/HST number if your annual…
What is the simplified GST/HST for non-resident digital businesses in Canada?
Registering for GST/HST becomes straightforward for non-resident digital businesses that meet specific sales thresholds. If your total taxable…
How to account for Amazon FBA sales in Canada?
Track all Amazon FBA sales transactions meticulously by establishing a clear system that separates sales, refunds, and fees. Utilizing…
How to reconcile Shopify transactions in Canadian bookkeeping?
Start by exporting detailed Shopify transaction data and ensure it includes key information such as order ID, date, total amount, taxes, and…
What accounting software works best with Shopify in Canada?
Choosing the right accounting software is key to managing finances efficiently and staying compliant with Canadian tax regulations.…
How do accountants charge for their services in Canada?
Choosing the right accountant in Canada requires understanding their billing methods. Most professionals offer clear, upfront estimates…
What are the bookkeeping best practices for digital product sales in Canada?
Maintain detailed records of all digital product transactions, including sales dates, amounts, and client information. Accurate documentation…
How much should a small business budget for accounting in Canada?
Many small businesses in Canada should allocate between $1,500 and $5,000 annually for basic accounting services. This range covers…
How to track inventory for e-commerce businesses in Canada?
Implementing real-time inventory management systems significantly improves order accuracy and reduces stockouts for Canadian e-commerce…