Do You Understand Depreciation and How It Impacts Your Business?

All business owners are faced with depreciation and the declining value of their assets. It’s a reality of owning an enterprise, particularly in capital-heavy sectors that rely on machinery, buildings and equipment. Depreciation affects the way you conduct your accounting and how you assess your overall performance. Depreciation – The Diminishing Value of Your Property […]

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Transitioning Your Family-Owned Business – How to Preserve Your Legacy

Family-owned businesses face unique challenges during every phase of the business life cycle. They grow with their founders’ energy, sacrifice and commitment. As the company grows, there will come a time when the founder must step down and let someone else take the reins. That’s where family-owned businesses get tricky. In many cases, the owner […]

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Tax Incentives: The Big Ones, The Small Ones and the Too-Often-Forgotten Ones

Federal, provincial and municipal governments use tax incentives to encourage businesses and individuals to make economically positive decisions. Tax rules have been designed to incent businesses to make investments, create jobs, drive innovation and help people develop skills. Getting to know the ins and outs of tax incentives can be tricky. Businesses of all sizes […]

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Best Practices for Retaining Business Records

Throughout the year, businesses undertake great strides for retaining business records in anticipation of annual tax filing and the possibility of a CRA audit. But once the yearly filing is done, what do you do with those records? Leave them taking up space on your shelf? Perhaps it feels like that’s what you’re doing, but […]

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15 Life Changing Tips for Entrepreneurs

There are some key tips for entrepreneurs that should not be overlooked. As an entrepreneur, you’ve had the vision, initiative and energy to launch and roll out your company. But how do you make it grow? Follow these 15 life-changing tips for entrepreneurs to help you scale your organization so that it grows, thrives and […]

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5 Modern Business Risks You Cannot Afford to Overlook

All businesses manage risk. Risk management plans have traditionally focused on a company’s financial, operational or logistical activities. But today’s businesses face new challenges that are changing the way we think about risk. Driven by communications technology, information management and social media, these modern business risks can impact a company’s productivity, profitability and reputation. Here are […]

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