6 Reasons to Keep Your Business and Personal Bank Accounts Separate
Small business owners in Edmonton and Canada as a whole, it is time to improve your financial game! You are putting your heart and soul into creating your dream, but are you committing one major error that is going to make that dream a failure? Combining your business and personal bank accounts is a sleazy […]
The Ultimate Guide to Vacation Policies & Statutory Holidays for Canadian Employers
Running a company is an adventure, and staying compliant with Canadian labour laws can feel like navigating a sticky maze of maple syrup. At Online Accountant, we’re here to make sure you don’t get stuck in the intricacies of vacation policies and statutory holidays. This is your one-stop to acquiring full command of employee entitlements […]
TD1 Form: What you need to know about the TD1 Form in Canada
The TD1 form, which at first might look like a mundane piece of paperwork, is actually your ticket to get the tax deductions in Canada. For a small business owner dealing with payroll or an employee aiming to keep more of their hard-earned cash, understanding the benefits of TD1 form is like unlocking a secret […]
The Ultimate Guide to Claiming Home Office Expenses in Canada for 2025
Buckle up, entrepreneurs and remote hustlers! If you’re running your business from a cozy corner of your home, you’re sitting on a tax-saving goldmine. The process of making a claim on tax deduction in home offices in 2025 can reduce your tax amount and be the driving factor behind your next big business idea. Discover […]
Challenges for a CFO in a Canadian Public Company and Mitigating Strategies: A Data-Driven Strategic Analysis
The role of the Chief Financial Officer (CFO) in a Canadian public company has never been more complex or critical. CFOs today find themselves on a vibrant grid of duties; duties that go far beyond the scope of the conventional accounting and treasury roles. These include navigating an evolving regulatory landscape, responding to investor activism, […]
How to Set KPIs in a Small to Medium-Sized Canadian Private Enterprise
Key Performance Indicators (KPIs) are essential instruments that help small to medium-sized enterprises (SMEs) in Canada to monitor the progress, measure success, and make informed decisions. In contrast to big companies, SMEs tend to have fewer resources, smaller staff, and narrower margins. This is why their KPI setting should be realistic, targeted, and strategic in […]
Should You Invest in Your Small Business Corporation Account in Canada?
You’ve built your small business from the ground up, hustled through late nights, and maybe even survived a tax season or two. You are now sitting on some extra money in your Canadian Controlled Private Corporation (CCPC) account, and a question is ringing in your head: Should I invest this money within my corporation? It’s […]
Detailed Analysis of the Tax Impact of Tariffs on Canadian Businesses
Government tariffs exert a substantial tax and financial impact on Canadian enterprises in the form of duties on imported products. The effects are greater than just the immediate costs of paying duties and impacts income tax positions, cash positions, pricing and competitiveness. This discussion examines the impact that tariffs have on businesses on these facets. […]
Key Points to Consider When Implementing a New Accounting System
Implementing a new accounting system is a complex undertaking with long-term implications for your organization’s efficiency, compliance, and decision-making capabilities. A structured approach is critical to ensuring a successful transition. Below are the main considerations to guide your planning and execution: 1. Business Objectives and Requirements Before selecting or configuring any software, it is essential […]
Why SR&ED Tax Credits Are Critical for Canadian Businesses
The Scientific Research and Experimental Development (SR&ED) tax credit is Canada’s largest and most important innovation incentive program. Administered by the Canada Revenue Agency (CRA), SR&ED provides significant tax relief and cash refunds to businesses that invest in R&D. The credits help organizations remain competitive, manage cash flow, and fuel long-term growth. Below is an […]
