How to account for shipping and fulfillment costs in Canadian e-commerce?
Include shipping and fulfillment costs directly into your product prices to avoid unexpected expenses during checkout. Research shipping rates…
How to handle payment processor fees in Canadian bookkeeping?
Reducing transaction costs is pivotal for maintaining healthy profit margins in Canadian bookkeeping. By selecting payment processors with…
What are the implications of selling on multiple platforms in Canada?
Engaging customers across diverse online marketplaces can significantly increase your revenue streams and broaden your brand presence. Selling…
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…