Tax season is an annual event that tends to creep up on us, and it’s no different in 2024. If you’re like many Canadians who want to ensure a hassle-free tax season and potentially maximize your tax return, understanding when taxes are due along with important information on how to file them is crucial. Whether […]
Why Should You Take Advantage Of A TFSA? A Tax-Free Savings Account, commonly referred to as a TFSA, was introduced in 2009 as a way for Canadians to save and invest their money. TFSA contributions are made with after-tax dollars, but the advantage of the TFSA is that any income earned by contributed amounts, on
2024 TFSA Contribution Limit – What You Need To Know Read More »
What Is An RRSP? An RRSP is a type of savings account that helps you save money for your retirement. It’s like a piggy bank that the government helps you with, and it comes with some tax benefits. When you put money into an RRSP, you can reduce the amount of taxes you have to
Investing in Your Future: A Beginner’s Guide to RRSP Accounts Read More »
Are you dreaming of owning your first home in Canada? The rising costs of homeownership can be intimidating, but there’s a glimmer of hope in the form of the First Home Savings Account (FHSA). If you’re in the age group of 20-40 and looking to break into the real estate market, this blog is for
Is A First Home Savings Account (FHSA) Worth it? Read More »
As a small business owner, keeping your books in order is crucial for the success of your company. Accurate and organized bookkeeping can help you track your finances, make informed business decisions, and comply with tax laws. In this blog, we will share five bookkeeping tips for keeping your business’s books in order. At White Raven
5 Important Bookkeeping Tips For A Small Business Read More »
Small business owners have a lot on their plate. From managing employees to marketing their products or services, there’s no shortage of tasks to keep them busy. Unfortunately, financial management often gets pushed to the side, which can lead to costly mistakes. In this blog post, we’ll discuss some of the most common mistakes small
Common Mistakes Small Business Owners Make with Their Finances Read More »
Many Canadians dread the tax season, but if you’re expecting a refund or claiming benefits/credits such as GST/HST credit or Canada Child Benefit, it can be beneficial. This list will help you maximize your tax returns by highlighting popular Canadian tax deductions to take advantage of, so you can look forward to tax season rather
10 Most Popular Canadian Tax Deductions and Credits Read More »
If you own a business or know someone who has, then chances are you’ve heard of a “write-off,” also known as tax deductions. According to the Government of Canada: “you can deduct any reasonable current expense you incur to earn income.” Now that we know this information, we need to know what a current expense
Tax Deductions Guide For Small Businesses In Canada Read More »
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