Dayna Dumont
How to Calculate HST/GST Tax in Ontario: What Every Smart Business Owner Needs to Know
Originally published September 11, 2023 Picture this: It's tax season, you're staring at your revenue numbers, and suddenly you realize...
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Dayna Dumont
Oct 303 min read
How to Calculate CPP Contributions (For Your Business)
Originally published October 10, 2023 In business, financial responsibilities can often seem like a maze – overcomplicated, intricate,...
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Dayna Dumont
Sep 243 min read
What is a Cash Flow Statement?
Along with your balance sheet and P + L statement, your cash flow statement is one of your business’s 3 most important financial statement.
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Dayna Dumont
Aug 273 min read
How Many Shares Can A Company Have? (And How to Issue Yours with Intention)
Originally published October 10, 2021 and Updated March 31, 2022 The short answer: There’s no limit to how many shares a company can have....
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Dayna Dumont
Jul 314 min read
How to Avoid Over-Contribution to TFSA and RRSP Accounts
Previously published August 14, 2023. Every year, taxpayers enjoy the unique opportunities of their tax-advantaged accounts. Tax-Free...
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Dayna Dumont
Jun 254 min read
Why Hire A Bookkeeper: Our 5 Top Reasons
Previously published December 7, 2021 It’s time to outsource when you’ve had enough. Enough of the worry. Enough of the confusion. ...
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Dayna Dumont
May 294 min read
How to File Your T2 Incorporated Tax Return
Wouldn’t it be great if tax season was as easy as pie? Like – what if we could just float through the tax season without heart...
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Dayna Dumont
Apr 217 min read
How to Pay Yourself From Your Corporation in Canada
Previously published November 14, 2022 So, you’ve built up your business, and now it’s finally time. It’s time to cash in your...
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Dayna Dumont
Mar 263 min read
Tax Write-Off Examples for Your Small Business
Are you looking to save money this year? Who isn't? Between the rising cost of groceries and gasoline, something’s got to give. One of...
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Dayna Dumont
Feb 287 min read
The Best Tax Prep Checklist for Small Business in Canada
Make sure to keep up with your bookkeeping tasks on a weekly, monthly, and quarterly basis so that you can avoid the usual stress of tax pre
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Dayna Dumont
Jan 314 min read
What Are Your Chances of Getting Audited by CRA?
What are your chances of getting audited by CRA? Find out who is most likely to get audited and what you can expect if you're chosen!
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Dayna Dumont
Nov 13, 20233 min read
Our Top 5 Picks: Free Bookkeeping Software for Small Businesses
Every dollar and transaction matters, and every second counts in business. Keeping it all straight is the backbone of being successful....
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Dayna Dumont
Jul 10, 20234 min read
Driving Business Success: 10 Ways to Lower Operational Costs
What if you could put yourself ahead of your competition because you took the time to lower your operational costs? In these...
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Dayna Dumont
Jun 12, 20235 min read
Stay Ahead of Cyber Threats: Small Business Cyber Security Best Practices
"The five most efficient cyber defenders are: Anticipation, Education, Detection, Reaction and Resilience. Do remember: "Cybersecurity...
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Dayna Dumont
May 8, 20234 min read
Maximizing Your Investment Accounts: The Importance of RRSP and TFSA Contributions
The 2023 tax deadline has officially come and gone. Some made it out with a heavy tax bill, and others did not. How did you do? If you...
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Dayna Dumont
Apr 10, 20236 min read
The Hidden Costs of Using Income Tax Software Instead of a Professional
One size does not fit all. It’s like the should-be-one-size hat that never fits “just right” because, in reality… one size fits one. It’s...
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Dayna Dumont
Mar 13, 20234 min read
The Impact of Technology on Bookkeeping & Accounting (And How it’ll Benefit Your Business)
The great Albert Einstein once said, “The measure of intelligence is the ability to change”. The manual completion of bookkeeping and...
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Dayna Dumont
Dec 12, 20224 min read
5 Big Tax Changes for 2023 – What You Need to Know for the New Year
Sam Ewing says it humorously well… “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars...
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![Do You Have to File a T3 Tax Return for a Deceased Person? [Part 3 of 3]](https://static.wixstatic.com/media/d5e1f2_0e5fc45200a4481b8ea828330d87ed33~mv2.png/v1/fill/w_959,h_720,fp_0.50_0.50,q_95,enc_auto/d5e1f2_0e5fc45200a4481b8ea828330d87ed33~mv2.png)
Dayna Dumont
Oct 10, 20223 min read
Do You Have to File a T3 Tax Return for a Deceased Person? [Part 3 of 3]
When a person thinks of a trust account, they often think of the negative connotation of a “trust fund baby” – a spoiled young adult...
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![What Are Optional Tax Returns for Deceased Persons? [Part 2 of 3]](https://static.wixstatic.com/media/d5e1f2_6fb029be3ca14efbaf7dea87a084cd38~mv2.png/v1/fill/w_962,h_720,fp_0.50_0.50,q_95,enc_auto/d5e1f2_6fb029be3ca14efbaf7dea87a084cd38~mv2.png)
Dayna Dumont
Sep 12, 20224 min read
What Are Optional Tax Returns for Deceased Persons? [Part 2 of 3]
You already know tax knowledge is power. Depending on your circumstances, tax knowledge can make or save you money. It’s no different...
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