Why Internal Controls are Important for Businesses
Ignoring internal controls might just cost you your company. In the age of digital transformation, artificial intelligence, and ever-tightening regulations, internal controls are the invisible framework keeping your efficient, effective and compliant. We’ve seen what can happen when companies ignore the importance of internal controls and end up in financial frauds, regulatory non-compliance and financial […]
Bookkeeping Tips for eCommerce Businesses in Canada
In the ever-evolving eCommerce world, proper bookkeeping is important for success. As we move through 2025, Canadian eCommerce businesses must remain informed and up to date with increasing regulations, innovation of technology, and best practices in order to be financially healthy and compliant. This guide provides more than 1,000 words of practical yet practical insights, […]
How to Protect Your Business Against Inflation in Canada
As Canada enters 2025 with inflation still lurking behind interest rates, commodity shocks, and geopolitical instability, business leaders face a familiar yet unforgiving adversary: cost instability without proportionate revenue growth. “In inflationary periods, businesses that refine pricing models outperform those that cut costs.” -McKinsey’s Pricing, Uncertain Times report.1 The Canadian CPI rose 3.5% throughout 2025 […]
Mark Carney as Prime Minister: What’s New for Canadian Small Businesses and Global Trade
On April 29, 2025, Mark Carney, the former central banker and global financial strategist, was elected Canada’s 24th Prime Minister, leading the Liberal Party to a historic fourth consecutive term. Press calls this a “stunning reversal” as it represents an important day for Canada’s 1.2 million small businesses alongside their economic partnerships with U.S. markets, […]
Canadian Election 2025: Economy, Small Businesses, and Global Ties
Election day, April 28, 2025, stands as the starting point of historical change for Canada. People in Canada display both feelings of hope and frustration across the country. The April 16 Abacus Data reveals an almost equal distribution of political support where the Liberals hold 40% and the Conservatives maintain 38%. A Nation Poised for […]
Canada’s Retaliatory Measures Against U.S. Tariffs: What’s Next for Canadian Businesses?
“Trade wars are good, and easy to win.” — Donald J. Trump, 2018Fast-forward to 2025, and the echo of that infamous statement still reverberates through boardrooms, trade talks, and now, Canadian strategy documents. Canada, once a model of multilateral trade diplomacy, is sharpening its economic elbows. In response to renewed U.S. tariffs on Canadian aluminum, […]
How to Do Bookkeeping as a Retail Business in Canada: A Comprehensive Guide
Retail in Canada is a multi-billion-dollar industry. In recent years, Canadian retail sales hit $674 billion, a healthy jump from previous years. From Shopify store owners to mom-and-pop shops on Main Street, one thing all successful retailers have in common is this: solid bookkeeping. You might sell the best hot sauce north of the border […]
Employment Vs. Contract in Canada: Is One Better Than the Other?
The businesses as well as the individuals in Canada should know the key differences between an employment and a contract as they encounter them quite often. For this, it is important to learn about legal frameworks, tax implications and benefits beforehand, to make informed decisions for your business or career. Misclassifying an employee can have […]
How to Do Bookkeeping for Real Estate Business in Canada
You can’t invest in real estate without investing in bookkeeping and accounting. -Steven Cohen, George Dube (Legal, Tax and Accounting Strategies…) Many of our clients excel at finding tenants, identifying profitable investment opportunities, and securing buyers. However, their biggest concern is often filing taxes, maintaining records, and tracking expenses. Numbers are what we use to gauge […]
What Abolition of Consumer Carbon Tax Means for Canadian Businesses
The carbon tax is dead. This decision will have far-reaching impacts on businesses. Some will benefit, while others may face new challenges. Environmental circles will be concerned about the ecological cost, as this will lead to increased fossil fuel consumption and make green energy less lucrative. This blog discusses what it means for various businesses […]
