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Keep your business records for six years from the end of the last tax year they relate to, and keep them at your home or business in Canada…

CRA review letters are requests for paper, not accusations. Reply by the date in the letter, send every document it lists, put the reference…

Breaking accounting rules in Canada mostly costs you tax penalties, and they’re worked out from the tax you owe. A corporation that…

Bookkeeping for a construction company differs from most trades in one way that matters: your money and your costs belong to jobs, not to the…

Which letters should you look for on an accountant’s door? CPA. The old CA, CMA and CGA designations were three separate titles in…

Real estate accounting comes down to three habits: keep the property’s money apart from your own, sort every cost into current or…

Accounting software compliance in Canada comes down to one idea: your electronic records must stay readable and usable for six years, and you…

Retail accounting comes down to three things: count every sale, separate the tax you collected from the money you earned, and keep the…

Privacy law touches bookkeeping the moment you hold a name next to a dollar amount, and in most of Canada that means the federal PIPEDA. It…

To interpret financial ratios for a Canadian business, compare each one with the same ratio last year and with businesses like yours, never…