If you run a corporation in Canada, it’s easy to think of the business bank account as your  money. After all, you own the company. But from the CRA’s perspective, your corporation is a separate legal entity  — and how you take money out matters a lot. Here’s what Canadian business owners need to know. Your Corporation’s Money Isn’t Personal Cash Even if you’re the sole shareholder, corporate funds don’t automatically belong to you. Taking money out the wrong way can lead to

Ever spend an hour trying to recreate a single pay stub for an employee? Or dig through bank records trying to remember which payroll remittances were already paid? Or stop what you’re doing—again—to answer questions about deductions you have to manually look up? Add paper cheques to the mix, and it gets even worse: taking time to write each one, double-checking the numbers, worrying about mistakes, and then waiting to see when employees actually deposit them. When cheques si

Few personal finance debates are as persistent as this one: Should you pay down your mortgage faster, or invest the extra money instead? The standard advice goes something like this: If your investment returns are higher than your mortgage rate, you should invest the difference. On paper, that sounds perfectly logical. In real life, it’s far more complicated. The Mathematical Argument Is Only Half the Story Yes, over long periods, stock markets have historically returned more

One of the most common frustrations I hear from business owners goes something like this: “My business is doing better than ever, I have cash in the bank, no debt — and the bank still won’t approve my mortgage.” If that sounds familiar, you’re not alone. This isn’t a reflection of poor financial health. It’s a mismatch between how banks assess risk  and how entrepreneurs actually earn money . Let’s break down what’s really going on — and how to plan around it. The Rule That S

If you're running a small business, you’ve probably heard people throw around terms like cash flow  and profit —sometimes even...

If you're a small business owner, chances are you're juggling a million things at once. From sales to marketing to customer service, your...

Starting a business is exciting—but it’s also financially demanding. Whether it’s stocking inventory, hiring help, or simply covering...

In recent years, the shift towards remote work has transformed how we think about our workspaces. Many business owners have adapted by...

Managing personal finances can feel overwhelming, but with some organization and planning, you can take control of your financial future....

In Canada, the act of gifting may seem simple, yet there are some important details and rules that could impact your generosity. Let's...

If you're looking to save and invest in Canada, you've probably heard of the Registered Retirement Savings Plan (RRSP)  and the Tax-Free...

Are you considering the sale of your business? Or perhaps you are planning on purchasing a business and starting your own adventure....

Running a business is a wild ride—one minute, you’re celebrating a big sale, and the next, you’re knee-deep in financial statements...

Ah, the joys of being your own boss—setting your hours, making the big decisions, and, of course, figuring out how to pay yourself. If...

There are plenty of misconceptions and misnomers around medical expenses. What is eligible? What is not? How much can I claim? Is there a...

What is the Canada Worker Benefit? The Canada Worker Benefit (CWB)  is a government program that provides extra money to low-income...

As a parent, navigating financial support options can be daunting. In Canada, the Canada Child Benefit (CCB) stands out as a vital...

Starting your own business is an exciting journey! So you've decided to launch, and now you are faced with the question. How do I want my...

So you started a business, but what about HST? When do I set it up? Should I set it up? How do I remit it? How often do I remit it? In...