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On June 13, 2019, the Canadian Government enacted new rules that affect all private companies incorporated under the Canadian Business Corporations Act (CBCA). With the exclusion of public corporations, all federally incorporated companies in Canada are now required to...

When you run your own business, you often feel guilty for taking time for yourself, or are constantly thinking that there are things that you need to do. But having the right work/life balance is key to the success of your business. There are things that you can do lik...

COVID-19 has been the great equalizer when it comes to running a business. Whether your business is small or large, it is necessary to envision how it will operate in this post COVID-19 era that we are living in. All businesses must develop a plan on how they will oper...

Canada Revenue Agency (CRA) is the watchdog for the Canadian Tax System. It is important to take note that if you have not provided them with accurate information when you applied for any of the COVID19 government supports, you could be in trouble down the line.

CRA has...

COVID-19 and related government measures (including shutdowns, restrictions, and protective measures) are having significant impacts on Canadian companies.  CPA Canada issued an alert in March, 2020 to discuss Accounting Standards for Private Enterprises (ASPE), which...

Only about one quarter of small businesses have Cyber Insurance.  But for small businesses that rely on technology to do business, it is a vital component of their business security plan.  In this day and age of fast paced changing technology, it has become even more i...

Anyone can be the victim of cyber fraud. It is not reserved for the elderly, but in fact, more Millennials are falling prey to fraudulent activity than Baby Boomers.  But just because you are not a member of these two groups, it doesn’t mean that you aren’t at risk of...

Corporate Social Responsibility (CSR) is defined as how a business manages their internal processes in order to have a positive impact on the world through sustainability, social impact and ethics. In this age of consumers demanding transparency in businesses, no matte...

Two independent studies, the 2019 Canadian Financial Capability Survey (CFCS) and the Canadian Bankers Association Survey (CBAS) show that very few Canadians can be considered Financially Literate.

The surveys found that people who made use of financial planning service...

Christmas can be a very stressful time of year. Between the amount of money that you think you need to spend on presents, your additional food costs, baking costs (if you still do your own baking), and travel costs (in Canada, it always costs to travel, whether it be b...