Business Tag

Starting June 2019, under the legislative changes to Canada Business Corporations Act all the corporations federally incorporated in Canada must maintain a Register of Individuals with Significant Control. While some consider this is an additional burden on the small business owners, the purpose of these beneficial ownership rules is to increase corporate transparency and to help law...

Bookkeeping and accounting services in Canada especially cities like Toronto and Vancouver can cost a lot! If you decide to go ahead with hiring a CPA in Canada, you should know that work done by CPAs is costly. It can go up to $120 to $250 per hour. You can, though, get the routine work done by junior accountants who charge $60 to $120 on an hourly basis.  Sometimes, accounting services...

If you are just getting started with your startup, you know the different challenges that lie ahead. You could have different reasons to look to start your own business. Studies show that about 26% of all startup owners do so because they want to take charge of their professional careers. Another 23% do it to follow through with their personal goals and passions. However, while the going may...

If you are running a business in Canada, then you should be aware of the fact that there are marked differences between independent contractors and employees in the country. The Canada Revenue Agency makes certain distinctions between the two groups in relation to taxes. Businesses do not have to make CPP, EI and tax deductions when they hire independent contractors, but they do have to make...

Everyone makes Mistakes! Entrepreneurs are no exception, especially the new ones! Yes, this is quite normal! What matters is that how quickly their learning curve improves from their own mistakes, and whether those mistakes are the simple repetition of ones which everyone is saying on the internet. If later is the case, these are the sins that are usually unforgivable. Learn from others’...

Outsourcing is not a newer concept! Businesses outsource their functions and processes for multiple reasons – to lower costs, increase efficiency, access to expert and specialized solutions and to focus more on core business processes that add value to customers’ experience – all of which lead to business growth or sustainability whatever the objective may be. With swiftly and continuously...