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Introduction The Goods and Services Tax (GST) is a simplified tax system applied to nearly all goods and services consumed within a country. It was introduced as a solution to the complex, multi-layered indirect tax structure that previously existed, which included various regional and federal...

Understanding the various types of investment accounts available in Canada is essential for anyone looking to manage their finances effectively. Each account type offers unique features, benefits, and tax implications, so choosing the right one can make a significant difference in achieving your financial goals....

Tax season is an annual event that tends to creep up on us, and it’s no different in 2025. If you’re like many Canadians who want to ensure a hassle-free tax season and maximize your tax return, knowing when taxes are due and how to...

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...

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,...

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...

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...

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...

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...

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...