Canadian Expatriates and Their Bookkeeping Records
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…
Securing Financing With Clean Accounting Records
Financing gets easier when your accounting can answer a lender’s first question: can this business pay the loan back? Clean books show…
Bookkeeping After Taking On Investors in Canada
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…
What to do when your books are months behind
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 Habits That Pay Off for Small Firms
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…
How remote work changes accounting practices in Canada
Remote work accounting in Canada splits into two jobs. If you’re an employee, you can claim home office costs only by the detailed…
International Business Tax Rules for Canadian Companies
International business tax for a Canadian company splits into two questions: what you pay abroad, and what you withhold when you pay someone…
Tax on Foreign Royalties Earned From Abroad
Foreign royalties are taxed in Canada like any other income you earn, and if the other country kept some tax at source, you can usually claim…
How to Integrate Financial Systems in Canadian Accounting
When you integrate financial systems in a Canadian business, the tax rule that bites first is about records, not software: the CRA expects you…
Bookkeeping Rules Every Small Business in Canada Follows
The minimum bookkeeping requirements for a small business in Canada come down to this: keep records that show your income and expenses, keep…