“What expenses are deductible in Canada?”
A question that business owners ask themselves is “What expenses are deductible?”. There is often a desire to have a list of business expense categories that they can refer to and be safe in knowing that what they are claiming as an expense is legitimate. The risk, of course, of getting it wrong is a tax […]
Should you operate as a Sole Proprietor or Corporation?
What is Sole Proprietorship? If you’re a sole proprietor, you operate your business personally. This means that you’re operating as a “one-man-band” with no shareholders or partners, and you’re personally tied to your business, meaning that you take on responsibility for all financial profits and losses. Your income is included on your personal tax return, and […]