In Canada, the Digital Services Tax (DST) was a hot topic previously for firms doing business online. So, what was this digital service tax, and how might it have impacted your business? Canada’s planned Digital Services Tax primarily targets large companies, particularly tech giants. This tax is applied to money
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Buying a place in Canada is a significant investment, but owning a home comes with real estate taxes. Whether you’re a first-time homebuyer or have multiple rental properties, it’s essential to understand how real estate taxes work so you can effectively plan your finances. Local governments in Canada use property
If you are running a small business, you may wonder if you should hire a bookkeeper or go for full accounting services. It’s tough to handle everything yourself, right? While doing it all might initially save you some cash, keeping up with your books and expenses can be a real
You probably are the best at everything you do, including running your business. However, sometimes, a few things require full attention; one petty mistake can lead you to pay a hefty amount, and you don’t want any surprises when you already have so much on your plate. Hiring a professional
Already wondering how payroll services work? Payroll management can be stressful for any business, regardless of size. Figuring out wages and deductions and ensuring taxes are correct can be difficult, especially if you try to do everything yourself. This is when payroll services come in handy. They take the burden
If you run your business, no matter the nature of your work, it is essential to know about accounting services. Good financial management keeps things running smoothly, ensures you follow the law, and helps you make wise choices. If you’re asking, What are accounting services, and how do they help
Real estate accounting isn’t everyone’s cup of tea, if you ask us. Keeping track of property costs, rental income, tax breaks, and all the rules can be tricky, especially if you’re not on top of the numbers. Even people who have been in real estate for a while can encounter
Being a business owner means handling everything, including sales, production, leads, finances and whatnot. Sometimes, you need a helping hand because juggling multiple things together can lead to several mistakes, especially when it comes to finances. Bookkeeping services can be beneficial. If you let someone else take care of your
Understanding real estate financial statements isn’t just about numbers on a page—it’s about gaining control and clarity in an often complex investment world. Whether you’re managing a single rental unit or an entire portfolio of Canadian properties, these documents serve as your financial compass. They bring structure to the chaos,
Running a business in Canada means understanding your taxes—especially the Harmonized Sales Tax (HST). Navigating the maze of provincial and federal tax rates can feel overwhelming. Thankfully, some goods and services are exempt or zero-rated under GST/HST rules, offering some relief. But when it comes to bookkeeping services, the question
For Canadian businesses, managing finances effectively is the key to sustained growth and success. Two fundamental pillars of financial management—bookkeeping and accounting—are often confused but play distinct, essential roles. Understanding the differences between bookkeeping and accounting empowers business owners to make smarter decisions, maintain financial health, and streamline operations for
As a business owner, you might feel the urge to handle all tasks alone, including managing your finances and taking care of your taxes. No matter if you have been in this field for years, the tax season might send a shiver down your spine because even a petty mistake