Financial Management

RRSP ’s: What You Need To Know

Posted on

02/13/2019 – By Jason Smale Why set up an RRSP Canadian’s are given a unique retirement investment vehicle which doubles down as a tax savings plan. Here we are not discussing the popular Tax-Free Savings Account, but rather a Registered Retirement Savings Plan. Registered Retirement Savings Plans differ from Tax-Free Savings Plans in that they […]

Transportation

Truck driver meals and lodging expenses

Posted on

01/26/2019 – By Jason Smale Meals and Lodging Expenses for Truck Drivers Long-haul truck drivers are eligible to deduct meals, lodging and shower expenses against their earnings. However, it’s essential before claiming these expenses that the driver confirms their eligibility under the CRA classification. What is a Long-Haul Truck Driver To be considered eligible for […]

Financial Management

Claiming automobile expenses

Posted on

01/24/2019 – By Jason Smale Individuals who are self-employed or in an unincorporated partnership and have used their motor vehicle for business-related purposes in this past tax-year may be eligible for tax deductions? If these individuals have maintained an active travel log and can distinguish the portion of their travel in the year that has […]

Financial Management

Business use of home expenses

Posted on

01/24/2019 – By Jason Smale Many small businesses start a venture hosted out of the owner’s primary residence. Setting up a home office to perform off-site work, or to meet with client’s can be a common and cost-effective strategy employed by the business owner. Who is eligible to claim Business-Use-Of-Home Expenses? It is essential to […]

Transportation

The aging receivables dilemma: To freight factor or not?

Posted on

08/27/2018 – By Jason Smale The Cashflow problem! Managing receivables and maintaining a positive cash flow is a challenge for every business, the trucking industry is no different. Whether you’re dealing with larger clientele and they delay payment on receivables for upwards of 60 to 90 days, or you’re an owner operator dealing with companies […]

Strategic Planning

6 Steps to Accelerated Profits and Sustainable Growth

Posted on

08/14/2018 – By Jason Smale A common misconception business owners have when it comes to accelerating the profitability of their business is that by simply increasing the number of customers they serve, they’ll increase their profitability. In fact, accelerating the profitability of a business and structuring sustainable growth goes well beyond simply increasing the number […]