What CFO Services Cost in Canada and How to Judge It
What CFO services cost in Canada depends on the scope, the hours and who you hire, and there’s no market price we could confirm and…
How to Read Financial Ratios for a Small Business
To interpret financial ratios for a Canadian business, compare each one with the same ratio last year and with businesses like yours, never…
Bookkeeping compliance rules every Canadian business meets
Bookkeeping compliance in Canada comes down to four habits: keep your records for six years, register for and file GST/HST when you pass…
Cloud accounting software implementation in Canada
There’s no confirmed price for cloud accounting software implementation, and we won’t guess one. Quotes vary with the size of your…
Cross-Border Sales in Canadian E-Commerce Accounting
For cross-border sales in Canadian e-commerce accounting, the big question is whether a sale is taxed in Canada, taxed at 0%, or outside the…
How to Handle Returns and Refunds in E-Commerce
To handle returns and refunds in e-commerce accounting, record each one as its own entry that reverses the sale, and adjust the GST/HST you…
E-Commerce Record Keeping Rules for Canadian Sellers
For e-commerce record keeping, the CRA expects you to keep your business records for six years from the end of the last tax year they relate…
E-commerce Tax Forms You Need in Canada
Most e-commerce tax forms come down to two things. You report the profit on your own return (a T1 with form T2125 if you’re a sole…
Accounting for Amazon FBA Sales in Canada
To account for Amazon FBA sales in Canada, record every sale at its full price, record Amazon’s fees and refunds as separate lines, and…
Choosing Accounting Software for a Shopify Store
The best accounting software for a Shopify store in Canada is the one that gets your sales tax right, matches your payouts to your sales and…