How to account for marketplace fees in Canadian e-commerce?
Proactively negotiating for lower commission rates with marketplace platforms can significantly boost your profit margins in Canada’s…
How to handle cross-border sales in Canadian e-commerce accounting?
Implement clear processes for tracking international transactions to ensure accurate tax reporting and compliance. Keep detailed records of…
How to handle returns and refunds in e-commerce accounting in Canada?
Establishing clear procedures for processing returns and issuing refunds ensures accurate financial reporting and maintains customer trust. It…
What expenses can e-commerce businesses deduct in Canada?
Running an e-commerce business in Canada offers numerous opportunities to reduce taxable income by claiming eligible expenses. From inventory…
What are the tax implications of dropshipping in Canada?
Understanding how sales tax and income tax apply to your dropshipping business in Canada can significantly impact your profitability and…
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…
How to check references for an accountant in Canada?
Start by contacting the provided referees directly through a phone call or email. Ask specific questions related to the accountant’s…
What is the role of financial statements in securing business loans in Canada?
Providing clear and accurate financial documents significantly increases your chances of loan approval. Lenders rely on these statements to…
What financial reporting is required for public companies in Canada?
Public companies in Canada must adhere to strict financial reporting requirements mandated by regulators such as the Canadian Securities…