Operating freedom and flexibility: You can make any changes you want, including changing business policies and type of business, without much cost or process. Unlike in partnerships or corporations, you don’t need consent or approval from partners or investors to make a business decision. All pr...
It’s a lot less expensive if you plan ahead and compile as much information as possible prior to scheduling an appointment with your accountant. Every small business is different, so the information needed will differ, but will generally include: gross income, client invoices, records of goods...
Product classifications do not change (for the most part) from country to country. The only thing that countries change is how much duty they will charge. For example, we import a particular bag from China for off-road vehicles. In Canada, the duty rate is 10% but in the United States,...
Barua believes the value of this study lies in reminding Canadians that public health care is not free health care. “If you ask the average person,” he said, “I think many would struggle to give you an answer for how much they paid for public health care last year or what they can...
Allan, How much is same rate for computers for accounting purposes? Paul April 6, 2015 at 3:20 pm Hi, can a 51% shareholder of a corporation pay themselves an hourly rate and receive a t$ at the end of the year. Same questions but say its a partnership? I was told by CRA i...
In what has been yet another strong year for film, much has been made in recent months about the lack of a clear front-runner for the Best Picture Oscar. It wasn’t always this way. Way back in the middle of autumn, just before the awards season began in earnest, there was a film...
Developing strategies to enhance productivity growth requires identifying leading and lagging regions, industries, and growth drivers. However, there are l