Home Office Expenses in Canadian Tax

Home Office Expenses for Employees & Self-Employed Individuals When an individual uses a space in their home to conduct business activities, whether it’s for employment or their own business, they are able to claim certain expenses on an income tax return. Home office expenses include work-space-in-the-home expenses, office supplies, and specific phone expenses. Keeping track […]

Canadian Federal Budget 2023 Highlights

Highlights from the Canada Federal Budget 2023 On March 28, 2023, the Deputy Prime Minsiter and Minister of Finance delivered the 2023 Federal Budget. Named the “A Made-In-Canada Plan”, this budget emphasizes economic growth, public healthcare, and incentives for businesses to pursue clean energy. Read about some of the notable highlights here. Proposals to Employee […]

Virtual Bookkeeping and How it Works

What is Virtual Bookkeeping? Cloud, remote, or virtual bookkeeping is when an accountant or bookkeeper provides services remotely. Cloud-based softwares make this all possible and is much more flexible for the business. Technically, there aren’t significant differences between virtual and regular bookkeeping except that the client doesn’t ever need to see the accountant and bookkeepers […]