INCORPORATION The incorporation process is relatively simple whether you incorporate provincially or federally. As a sole proprietor, you may be looking back at last year’s results and ahead to the time you have to pay your taxes, and wondering whether you might not be better off incorporating to control the income tax expense on earned […]

TAXATION Crowdfunding is a new way to raise money; however, be careful of the tax implications. One of the latest means of raising money to start a new business, raise operating funds, or tackle costly research and development projects is to make a broad-based appeal for funds with crowdfunding. Crowdfunding is not new; it was […]

MANAGEMENT Effective communication is the key to effective management. The new technologies may enable us to send and receive messages at the speed of light, but the understanding and interpretation of those messages still depends on the clarity of the message itself. A meeting or set of instructions is worthless if its message is ambiguous. […]

TECHNOLOGY Dashcams can provide the key evidence in a vehicle accident or fraud claim. According to Transport Canada, automobile collisions in 2013 resulted in 165,306 personal injuries, of which 10,315 were serious and 1,923 were fatal. These statistics do not take into account the thousands of fender-benders that are not included in Transport Canada’s data. […]

PERSONAL FINANCE The end of the year is a good time to review long-term investments and mortgages. New Year’s resolutions. So easy to make, so hard to keep. According to a Nielsen survey, the most common resolution for 2015 was to keep fit. A resolution to spend less money and save more was only the […]

TECHNOLOGY Security of the mobile devices used in your business should be a primary concern. Because mobile devices are able to take on more and more tasks traditionally performed by desktop computers, work done in an office environment can increasingly be done almost anywhere. As a result, the security features of the mobile device and […]

TAXATION There are many tax advantages for self-employed Canadians who work from home and hire family members in their business. The December holiday season is a time for home and family. This year, if you are self-employed, you may want to consider incorporating home and family into your business to create tax benefits for both […]

MONEYSAVER Lack of sleep can reduce productivity, increase absenteeism and add to the risk of accidents and errors on the job. Changing Times More and more we are increasing the number of hours we work. In a 2012 study, Human Resources and Social Development Canada found that we now devote 10% of each 24-hour day […]