Accounting firms need to stay competitive in the market and offer value to their customers. One way to achieve this is by implementing a subscription-based pricing model. This model provides customers with a predictable cost structure while ensuring a steady stream of revenue for the firm. In this a...

Offshoring has become a popular strategy for businesses looking to reduce costs, tap into global talent, and enhance efficiency. Accounting firms can also benefit from offshoring and transform their operations by embracing this trend. In this blog, we’ll explore the various ways in which offsh...

As a Canadian taxpayer, you may have come across the term “dividend tax credit” while filing your taxes. It’s an important tax benefit that can reduce the amount of tax you owe on eligible dividends. In this blog, we will dive deeper into what the dividend tax credit in Canada is a...

As an employee in Canada, it’s important to understand what a Record of Employment (ROE) is and how it affects your eligibility for Employment Insurance (EI) benefits. In this blog, we’ll explain what a ROE is, why it’s important, and answer some common questions about ROEs. What i...

As a Canadian business owner, it’s important to stay up-to-date on your tax obligations. Even if your company has not made any profit during the year, you’re still required to file a corporate tax return. This is known as a “nil return,” and failing to file one can result in ...

As a Canadian, renting a property is a common choice for many people. Whether you rent an apartment or a house, you may be wondering if you can claim your rent on your taxes. The answer is yes, you can! Here’s what you need to know about claiming rent on your taxes in Canada. Who […]...

When you’re starting a business in Canada, one of the first steps you need to take is to incorporate your company. To do this, you will need to file a set of documents with the government, including the Articles of Incorporation. In this blog, we will explore what the Articles of Incorporation...

As a self-employed individual in Canada, filing taxes can seem daunting. But with some understanding of the process and a little bit of organization, it can be a straightforward task. In this blog, we will guide you through the steps to file taxes if you are self-employed in Canada. Determine Your B...

Are you working in Canada and wondering what vacation accrual means? Well, this article will provide you with everything you need to know about vacation accrual. Keep reading to find out more! What is Vacation Accrual? Vacation accrual is a system that employers use to calculate the amount of vacati...

If you are doing business or making purchases in Canada, it is important to understand the country’s sales tax system. In Canada, there are three types of sales taxes: Provincial Sales Tax (PST), Goods and Services Tax (GST), and Harmonized Sales Tax (HST). Each province and territory in Canad...