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.
These Three Tips Are How To Begin A Garden On A Budget! It’s the summer season and gardens everywhere are looking bright – but are you worried about the potential high costs of embracing your green thumb? Many people think that in order to have a beautiful garden, they need to spend a lot of
When you’re working on revamping your budget, there are some areas that have a little more wiggleroom than others – such as the kitchen. There are tons of little tricks that add up by the end of each week, month, and year! We’ll show you three easy methods that will help you slash your costs
It’s no secret that the summertime can be a costly season. Between vacations, entertainment, and extra utility bills, the expenses can quickly add up. However, there are many ways to enjoy the summer without breaking the bank. In this article, we will explore three easy methods for keeping your summer filled with fun while keeping
Helping Your Teens Learn How To Save With These Three Tips As a parent, ensuring your children have been taught effective financial skills can seem like a daunting task. Entering high school, most of the talks regarding money have only been in small and sporadic amounts (such as fees for school trips or received
