How To Start a Business in Canada
Small businesses make up 97% of all businesses in Canada. They are an essential part of Canada’s economy. Many entrepreneurs have great ideas but no idea how to bring it to life. Here we’ll discuss how you can turn your idea into a real business. Determining If You’re Ready to… Read More
Setting Up An Online Store In Canada
The internet has opened many doors for Canadian entrepreneurs. A physical store to sell your products is no longer required because you can open a store online instead. However, operating an online store still requires a lot of effort – it can be more difficult than it sounds. You’ll need… Read More
How to Manage Small Business Inventory
A small business can be a great source of income and pride for many Canadian entrepreneurs. Then again, many businesses require a constant stream of sellable inventory in order to make a respectable profit throughout the year and that can be somewhat difficult without proper management. So, whether you’re an… Read More
The Three Main Financial Statements All Business Owners Should Understand
Accounting is the language of business. One of the main purposes of accounting is producing financial statements that allow the individuals responsible for a business to make operational decisions. Without financial information, how can you make good business decisions? The answer is, you can’t. Numbers really do speak louder than… Read More
Opening a Business Bank Account
Running a business can be stressful, and that’s before you even begin to consider the financial side of things. After all, there are employees to manage, operations to handle, decisions to be made and, of course, finances to keep track of. If you’re still mixing your personal finances with your… Read More
Understanding Your Business’ Liquidity
Most business owners are great at assessing the profitability of their business by ensuring sales are strong and money is coming in. Something that is less obvious or known to business owners is the assessment and monitoring of liquidity. In simple words, liquidity is a business’s ability to repay its… Read More
Home-Based Business vs. Brick and Mortar Business
Running a business is a dream for entrepreneurial hopefuls and can offer unlimited earning potential while allowing business owners to do something they’re passionate about and experienced in. There are seemingly endless opportunities when it comes to starting and operating a business, and those who seek to get out of… Read More
How to Change From a Sole Proprietorship to a Corporation
As a Canadian business owner, there are plenty of ways that you can expand your operation beyond the private sector. In fact, as your enterprise grows and starts earning more income, you might want to consider taking the next step; incorporation. However, before that can happen, you’ll need to file… Read More
Do You Have to File a Business Tax Return?
A business tax return is a report where you present your business income, tax payments, and income tax deductions even if there is no tax payable. If you own a business, it will fall into one of three different business structures. Knowing what type of business you run is important… Read More