How to Pay Yourself From a Canadian Corporation
The way to pay yourself from a Canadian corporation is salary, dividends or a mix, and on $100,000 of Ontario profit the calculators show you…
Digital Signatures for Accounting Documents in Canada
Digital signatures on accounting documents are accepted by the CRA on a short list of forms, and the rule for each is about proof, not…
What open banking means for accounting in Canada
Open banking in Canada is called consumer-driven banking, and it isn’t live for everyone yet. Ottawa pre-published draft regulations in…
Real-Time Accounting for Canadian Business Owners
Real-time accounting means your books are updated as money moves, so you can see profit and tax owing today instead of after year end. For a…
Using mobile accounting apps for a Canadian business
Mobile accounting apps are fine for running a Canadian business, as long as the records they keep meet the CRA’s rules: readable…
How accounting software integrations work in Canada
Which accounting software integration is worth setting up in Canada? The one that saves you work without breaking your records. We…
How to Set Up a Chart of Accounts for a Small Business
To set up a chart of accounts for a Canadian small business, start with five groups (assets, liabilities, equity, income and expenses) and…
Accounting Tasks Small Business Owners Can Do Themselves
Most accounting tasks a small business owner in Canada can do alone are the routine ones: recording sales and expenses, keeping receipts,…
Robotic Process Automation in Canadian Accounting
Robotic process automation, or RPA, is software that repeats the clicks a person would make: copy a figure from an email, key it into the…
How to Set Up Paperless Accounting in Canada
Paperless accounting is allowed in Canada, and the CRA has set the ground rules. Keep your records for six years from the end of the last tax…