Business Owners

5 Top Financial Planning Strategies For Small Business Owners

January 31, 2021blog, Business Owners, Debt, Tax

Creating a financial plan for your business is critical not only for your business’ survival but also for its growth. However, many small business owners struggle to create a comprehensive financial plan that considers all of the financial needs of the business – which should include long term growth goals and contingency plans for any unexpected circumstances. Below, we have compiled a list of the strategies business owners should start with when considering a comprehensive financial plan.

Government of Canada to allow up to $400 for home office expenses

December 29, 20202020, Accountants, blog, Business Owners, Tax

For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.

Canada Emergency Wage Subsidy expanded to include more businesses!

July 17, 2020blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate

On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program.

Canada Emergency Wage Subsidy extended into December!

July 13, 2020blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate

On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December.

CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th

June 17, 20202020 Only, blog, Business Owners, Coronavirus, Coronavirus - Associates, Coronavirus - Practice Owners, Coronavirus - Students, corporate, Individuals

Great news for Canadians out of work and looking for work. The CERB will be extended another 8 weeks for a total of up to 24 weeks.

The expanded CEBA will begin June 19th.

The Need for Corporate Life Insurance

June 1, 2020blog, Business Owners, buy sell, corporate, Estate Planning, Life Insurance

Life insurance is used for two general purposes in a private corporation – managing risk and creating opportunities. The risk management function is satisfied as life insurance provides the corporation with a tax-free payment in the event of the death of an owner or someone vital to the success of the business. As life insurance also allows for the tax-sheltered build up of cash value additional planning opportunities are additionally created.

Small Businesses! Applications for Canada Emergency Commercial Rent Assistance starts May 25th

May 24, 20202020 Only, blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate

The Application portal for the Canada Emergency Commercial Rent Assistance (CECRA) opens at 8:00am EST on May 25th

Expanded eligibility for CEBA $40,000 interest-free loan

May 19, 20202020 Only, blog, Business Owners, Coronavirus, Coronavirus - Practice Owners

The Prime Minister outlined the expanded eligibility for the Canada Emergency Business Account and highlighted companies such as hair salon owners, independent gym owners with contracted trainers and local physio businesses will now be eligible.

“If you are the sole owner-operator of a business, if your business relies on contractors, or if you have a family-owned business and you pay employees through dividends, you will now qualify.” – PM Justin Trudeau

Extended! Canada Emergency Wage Subsidy extended beyond June

May 8, 20202020 Only, blog, Business Owners, Coronavirus, Coronavirus - Practice Owners

On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June.

Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy

April 21, 20202020 Only, blog, Business Owners, Coronavirus, Coronavirus - Practice Owners

On April 21st, Prime Minister Justin Trudeau announced that the Canada Revenue Agency will accept applications for the Canada Emergency Wage Subsidy (CEWS) starting Monday, April 27th. This new measure gives qualifying employers up to $847 per employee each week so they can keep people on the payroll.

Category: Business Owners

5 Top Financial Planning Strategies For Small Business Owners

Government of Canada to allow up to $400 for home office expenses

Canada Emergency Wage Subsidy expanded to include more businesses!

Canada Emergency Wage Subsidy extended into December!

CERB Extended | Business Owners who did not qualify previously – expanded CEBA starts June 19th

The Need for Corporate Life Insurance

Small Businesses! Applications for Canada Emergency Commercial Rent Assistance starts May 25th

Expanded eligibility for CEBA $40,000 interest-free loan

Extended! Canada Emergency Wage Subsidy extended beyond June

Apply for Canada Emergency Wage Subsidy starting April 27th | Calculate your subsidy

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