The Canada Emergency Business Account (CEBA) has provided vital financial support to numerous businesses during the challenging times brought about by the COVID-19 pandemic.

Taxation is an important aspect of personal finance in Canada, and understanding the types of income that are taxable is crucial for accurate reporting and compliance

Incorporation is a strategic imperative for small Canadian businesses seeking financial optimization and enhanced accounting practices. Learn when, how and why you should incorporate.

Claiming Deductions: Essential Business Expenses for Canadian Businesses

If you have an RRSP, it’s not enough to just contribute regularly. If you fall into one of the higher tax brackets; it’s also wise to top off your contribution limits before the deadlines to maximize your deduction. February 28, 2023 is the RRSP contribution deadline for this coming tax year.

Just like other registered accounts, a TFSA is a tax-sheltered means to grow your money and has no limits on how you use your savings. In 2022, the maximum amount you can contribute is $6,000 plus any unused contribution room from previous years.