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…
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 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…
What tax implications do Shopify stores have in Canada?
Manage sales taxes effectively by registering for a Goods and Services Tax (GST)/HST account once your Shopify store exceeds the $30,000…
What is the difference between notice to reader, review, and audit in Canada?
If your goal is to obtain a clear understanding of a company’s financial statements without the need for extensive scrutiny, a Notice to…