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Business Owner Remuneration: Dividends vs. Salaries
One of the biggest advantages of incorporating your business in Canada is flexibility in how you pay yourself. As a business owner, you can choose…
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Understanding GST/HST in Canada: When to Register, When to File, and What It Means for Your Business
If you’re running a business in Canada, you’ve probably heard of GST/HST. It’s one of those things that can seem confusing at first, but understanding when…
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Maintaining a Corporation in Canada: What Business Owners Need to Know
Incorporating a business in Canada comes with many benefits — from limited liability to potential tax advantages. But incorporation also comes with responsibilities. Once your…
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How to Prepare Your Bookkeeping for Fiscal Year-End
s a small business owner, year-end can feel like a whirlwind. Between wrapping up projects, managing holiday schedules, and planning for the year ahead, it’s…
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Why Your Business Profit Doesn’t Equal Your Bank Balance
One of the most common surprises for business owners is looking at their financial statements and thinking: “Wait… if my business made a profit, why doesn’t…