Financial Management

RRSP ’s: What You Need To Know

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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 […]

Financial Management

Claiming automobile expenses

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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

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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 […]

Financial Management

Managing Business Expenses

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07/29/2018 – By Jason Smale There are a few key elements that go into successfully managing your business venture. One that is often overlooked, and will be the detriment of your business, is how you manage the finances. Many promising companies find themselves crushed by the weight of debt after the first and second year […]