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Multiple revenue streams in a Canadian small business are handled with one set of books and separate income accounts, one for each stream.…

Bring your accountant the goal and the numbers, and let them tell you where the money should sit for tax. If you’re in Ontario on…

Blockchain touches Canadian accounting mainly through crypto-assets. If you hold, trade or accept them, the CRA treats each sale or swap as a…

Interest on a business loan is deductible, as long as you borrowed the money for the business. The CRA says you can deduct interest on money…

Cash flow projections work best when your accountant gets real numbers from you early, and you get plain questions back. Bring your sales,…

Canadian expatriates keep two sets of books in effect: one for what they owned and earned while resident in Canada, and one for what they own…

Financing gets easier when your accounting can answer a lender’s first question: can this business pay the loan back? Clean books show…

Taking on investors changes your bookkeeping in one main way: money that comes in is no longer income, and you now owe someone a clear record…

If you’re behind on bookkeeping, start with the months that trigger a filing or a remittance, and leave the rest for later. A GST/HST…

Cloud accounting pays off when you use it on a schedule: a short weekly check of bank matches, a monthly look at sales tax and payroll, and a…