Saving money can be challenging, especially if you’re not naturally good at keeping track of your expenses. However, it’s not a skill that you can’t learn or improve on! The good news is that with discipline and determination, anyone can become a budgeting all-star. So, what are the secrets? How do you manage to keep
The Tax-Free Savings Account (TFSA) is a government initiative that was introduced in 2009 to help Canadians save efficiently. It’s been a popular tool for people to invest and save money without paying any taxes on their earnings, and learning more about it can help provide you with those same benefits. Eligibility Criteria
As a business owner, you wear many hats. You’re the salesperson, the marketer, the customer service representative, and so much more! During the spring months, it can be tough to juggle everything on your plate while still trying to enjoy some well deserved time off. The best way to ease the stress of being
Graduating high school is a big milestone, and the next step for most is post-secondary education. For many students in Ontario, the cost of post-secondary education – including tuition, residence fees, textbooks, and more – can be daunting. With a little planning and preparation ahead of time, you will be able to put yourself in
The landscape of properly filed taxes is ever-changing, and with new legislation and laws being introduced each year, keeping up with Canada’s various tax rules can seem overwhelming when you try and file on your own. For the 2023 tax filing season, several key changes could significantly impact how much you pay in taxes and
Whether you’re a sole proprietor of a business or a freelancer, there’s no denying that taxes need to be properly calculated. Knowing the difference between being a sole proprietor and working as a freelancer can help you make informed decisions about filing your taxes. Difference Between Sole Proprietorship and Freelancing When it comes to self-employment,
As a business owner, you have the option of taking a salary or dividends from your company. Both have benefits and drawbacks that you should consider before making a decision. Here’s a breakdown of each option to help you decide which is best for you. The Difference Between a Salary and Dividends A salary is
While we all might think we have a pretty good grasp on how to maintain our personal and business finances, the fact is that bookkeeping is a complex and detail-oriented task that is best left to the professionals. Here are the top five reasons why you shouldn’t do your own bookkeeping. 1. You might make
Whether it’s your first year on your own or you’re about to graduate, maintaining your finances to ensure you’re set for the entire year is crucial. You may be tempted to blow your entire budget on food, clothes, and entertainment, but there are ways to stick to a budget without depriving yourself of the things
As the new school year approaches, parents around the country are starting to worry about how they will afford to send their children back to school. The cost of supplies and clothes can add up quickly – but with a little bit of planning and creativity, it’s possible to save money on back-to-school expenses.