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LiveCA is the name of a Canadian accounting firm that describes itself as online-only. This page doesn’t rate it, and this site has no…

Full-cycle bookkeeping means one person or firm handles your books from the first receipt to the finished month: recording sales and bills,…

To evaluate an accounting firm in Canada, check three things before you talk price: who signs the work and what credential they hold, whether…

Bookkeeping affects your taxes because your return can only claim what your records can back up. Say you net $80,000 as a sole proprietor in…

To choose an accountant in Canada, start by checking who they are, then ask what work you actually need done. A CPA is licensed and regulated…

Input tax credits are how a GST/HST registrant gets back the GST or HST it paid on business purchases. If you paid $1,040 of HST on $8,000 of…

Business tax deadlines in Canada depend on what kind of business you run. A sole proprietor files by June 15 but has to pay by April 30, while…

To record GST/HST in your bookkeeping, keep the tax out of your revenue and expenses and post it to its own accounts. Tax you charge goes to a…

The way to handle PST and QST in your bookkeeping is to keep each tax in its own account, because each one goes to a different government. GST…

Home office expenses are deductible for employees in Canada, but only if your employer signs Form T2200 and your work space passes one of two…