Blog Posts

  • CRA Online Accounts-Don’t Delay Your Registration!

    Do you have access to your Canada Revenue Agency personal online account? If not, make access a priority now! Why Should I Register? What’s the Hurry? Changes at the CRA now require that individuals have access to their online account in order to access certain services, a related business account (if you are a business Read more

  • Keeping Records for the CRA

    One of the benefits of moving to cloud accounting is that you can keep copies of all your receipts right in the accounting file. Or can you? Here is what the CRA has to say about accounting records.   Q: What is an acceptable accounting record format? A: The Canada Revenue Agency (CRA) accepts records that are Read more

  • Rental Property Investment Primer

    So, you have purchased a rental property as a “good investment”, but are you putting time into managing that investment? Repairs and maintenance are just one aspect of managing a capital rental property. When it comes to taxes, the financial management of that property is just as important as daily upkeep. Track Your Property’s Life Read more

  • Get Ready to Get Grants!

    Are you a not-for-profit director? Are you planning to grow your organization? Strategically planning your accounting set up can help you acquire and maintain the necessary revenue streams that your organization needs to achieve its goals.  Fund Accounting for Transparency Fund accounting is an optional accounting policy choice that a not for profit can adopt Read more

  • Banking Lessons for Sole Proprietors 

    Running a small business is a real hustle. You do it all. The work, the admin, the bookkeeping, the customer service, and let’s not forget advertising! You have a sense of what you’re making, and it seems like decent income, but you keep coming up against unanticipated expenses or cash flow hurdles. Here’s a question Read more

  • Building a Shop on Your Property For Business Use

    It’s construction season in the Kootenays! And you are thinking about (or starting to build) a shop on your personal property for your business. Maybe you’re a construction contractor or you sell artwork. This means it’s time to talk tax. In very basic terms, changing the way you use your real property (or a portion Read more