For Business Owners, Preparing for and Taking a Vacation can be a Major Source of Stress. According to a survey on vacation time commissioned by Sam’s Club, nearly 50% of small business owners take only major holidays off or nothing at all. Additionally, according to a survey by American Express OPEN Small Business Monitor,…
Choosing Between Sole Proprietorship & Corporate Status With the deadline for filing personal income tax returns with Canada Revenue Agency (CRA) now past and business tax returns due on June 15, some sole proprietors and new business owners are likely now wondering whether they should become incorporated. This is a common question asked by business…
The end of the calendar year also marks the end of many small businesses’ fiscal year – and that signals filing a tax return in April. For small businesses, many of the tax deductions are obvious in terms of hydro, rent, internet, advertising, vehicle leases, etc., but some may not be as obvious. Sharlane Bailey,…