FAQ from Small Business Owners in Canada
September 24, 2021
Being a small business owner means a never-ending learning curve. At AF Accounting, we’ve been happy to help hundreds of small business owners over the …
GST/HST
CRA Launches a Big Time-saver (and we have more time-saving tips!)
January 26, 2016
Canada Revenue Agency has announced the acceptance of Visa® Debit cards for their My Payment service. This payment method launches on February 15, 2016. My …
When do you need a GST or a QST number?
August 19, 2015
So you’ve taken the plunge and started your own business. That’s great! There’s a lot to do – there is a reason entrepreneurs are so …
Bookkeeping 101: What you Need to Know for Your Small Business – Part 1
March 3, 2015
You have decided to start your own business. You have a product with tremendous market potential, start-up capital, a lease on a fantastic workspace and …
The Legal and Tax Obligations of Starting a Small Business in Quebec
March 2, 2015
Entrepreneurs know that being self-employed is hard work, but for the right person, it can also be fun and rewarding. The start of the business …
Can you Claim it? Tax Deductions for Canadian Entrepreneurs
February 25, 2015
Starting and running a small business takes a lot of time, money, energy and patience. To help entrepreneurs, the Canadian Revenue Agency (CRA) allows certain …
CRA Tax Audit
February 11, 2015
What is a tax audit? As explained on the CRA web site, auditing is a way for the Canada Revenue Agency to monitor and inspect …
What is a Personal Services Business?
February 6, 2015
What is a personal services business? The answer can be confusing, especially when you get into the tax jargon and lingo many companies use to …
Where should I start to set up a business in Canada?
February 3, 2015
The idea of setting up a business in Canada is appealing to a lot of people. Get ready to bring your idea to life by …
Great Tax Deductions For Small Business Owners!
January 27, 2015
As a small business owner, the number of tax deductions you are entitled to is impressive. You simply need to be aware of them and …
Know Your Rights When Dealing With the CRA
January 7, 2015
Handling calls from the CRA can be an intimidating ordeal. You and other business owners are often afraid that managing these issues will take up …