Accounting for Small Business Blog

Here you can learn the best strategies and accounting processes to run and manage a successful business by following our blogs on accounting for small businesses

Federal Budget 2025: Personal Measures

November 6, 2025

Federal Budget 2025: Business Measures

November 6, 2025

Important CRA Update

October 21, 2025

Starting in spring 2025, the CRA will transition to online mail as the default method for delivering most business-related communications. This means that instead of receiving paper mail, your business will access important notices and correspondence through the CRA's secure online portal, My Business Account.

Lifetime Capital Gains Exemption - umbrella protecting dominos

Are You Eligible for the Lifetime Capital Gains Exemption in Canada?

October 14, 2025

How to Use the Lifetime Capital Gains Exemption in Canada When…

IPP vs. RRSP

How Individual Pension Plans (IPP) Can Boost Your Retirement & Cut Taxes

September 10, 2025

The Retirement Gap You Didn’t Know You Had You’ve worked…

income splitting illustrated by piles of coins at the end of diverging paths

How to Use Income Splitting in Canada to Legally Lower Family Tax Burden

August 13, 2025

If you run a family business in Canada, chances are you've heard…

understanding financial statements for small business owners in British Columbia

Why Understanding Financial Statements Can Make or Break Your Business

July 15, 2025

Here's a surprising fact: most companies don't fail because…

Bookkeeping vs. Accounting: What Canadian Small Business Owners Need to Know

June 10, 2025

It’s easy to mix up bookkeeping vs accounting. If you're a…

How to use financial statements for business decisions

Beyond the Numbers: How To Use Financial Statements to Make Better Decisions

May 13, 2025

Emily owns a small shop in Langley. Her sales are up, but she…