Did you know that the majority of new Calgary small businesses will never turn a profit? Rather than being discouraged by this fact, you should take the opportunity to learn from the mistakes of others. By avoiding mistakes that are commonly made by new business owners, you can ensure that your business will be one […]
The CRA interest rates for the 3rd quarter are unchanged from the 2nd quarter 2014.
The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates will be in effect from July 1, 2014 […]
The most challenging part of starting a business is figuring out how to find the funding required to get started. Yet, despite the challenges thousands of people jump into their own enterprise ventures every year.
Many small business owners choose to start small, paying only for what they can afford in an effort to get started. […]
Self-employed Canadians are able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits:
Maternity benefits (15 weeks maximum) available to parents of a new born or newly adopted child. It covers the periods surrounding birth. A claim can be submitted up to 8 weeks before the expected date of birth, and […]
The Canada Revenue Agency (CRA) is aware that electronic sales suppression (ESS) software is being marketed and sold to Canadian businesses. As part of its efforts to combat the underground economy, it has introduced new measures to address this problem.
ESS software (commonly known as zapper software) is illegal. Designed to work with point‑of‑sale systems and […]
When starting out in business, it is very easy to spend money on items you do not really need, from stationery supplies to major expenses such as office rental. Even more established business owners can be guilty of overspending on non-essentials.
Why spend money unnecessarily, however, when you could use it more productively in your business […]
In case you have employees in other provinces, these changes may affect your business. It is also interesting to see that Alberta continues to have one of the lowest minimum wages in the country.
In general, every business starts out of someone’s home. Even if the business will eventually grow to a multi-million dollar business, it has to start somewhere. The home office is usually one or two rooms in the home that are used for record keeping, storage and meetings. The office typically has a desk, a few […]
The Canada Learning Bond (CLB) is part of the Canadian RESP program. Actually the CLB is a grant. The big difference between this grant and the regular RESP grants is that no contribution is required. Once you qualify, you apply, and you can receive up to $2,000 deposited in your RESP account per child. The […]