How to Increase Your Prices without Losing Customers
Raising prices is an essential part of business, but it is not always easy to do. Many people put it off, rightly fearing they might lose customers and revenue. What if that lost revenue cancels out the increase in the margin your business needs? The answer is to […]
Starting a business isn’t easy. So, if you’ve already launched one it’s a great achievement. Congratulations! To grow your small business you’ll need the same motivation and hard work that allowed you to get to where you are today. But this time, you need to be even more strategic. The main target should be to […]
A majority of business owners believe that the best way to boost their business bottom line is by focusing on top line growth. So, they spend a lot of time running campaigns to boost foot/in-store traffic, brand mentions, and trying to increase sales. What they may not be aware of is that business bottom line is […]
No matter how great your ideas, if you do not know how to handle your finances your startup is doomed to failure. Cash flow troubles can sink even the best startup. If you want your business to succeed, you need to pay close attention to the money coming into your business and the money flowing […]
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as a van, bus, pickup truck, station wagon, SUV, or other truck). Many individuals use their automobile for work or business and incur personal expenses in doing so. It is important to note that only expenses of […]
A high gross margin is often viewed as the most important sign of a company in good financial health. Before you can earn net profit, you need to achieve a strong gross profit margin.
Calculating Gross Profit Margin
Gross profit margin is the portion of your company’s sales retained as profit after you account for costs of […]
Financial advice is easy to come by. Unfortunately, not all of it is usable, or even accurate. For example, many would tell you to skimp on your coffee and haircuts, when many rich people would actually disagree. Such behaviour can promote poverty and deprive you of the basic aim of financial independence: joy.
Taking away your […]
2016 is upon us. It’s time once again to take advantage of the many personal and business tax-planning opportunities that are still available. This post provides numerous ways to save on taxes for 2015 and beyond.
Contribute to Your RRSP
The most popular tax tool available to taxpayers is investing in a registered retirement saving plan (RRSP).
Contributions to RRSP’s are […]
Are you planning to become the next big e-commerce startup? Have you finally decided to embark on the journey of realizing your entrepreneurial dream? If so, there are some legal aspects you will need to take into consideration to avoid potential legal issues down the road. This article will discuss 3 common mistakes Canadian e-commerce […]
We just received notice of the new tax rates proposed for Albertans for 2016. These aren’t law yet but wanted to give you some notice of what’s ahead.
This is no doubt good news for some of you and bad news for others.
Tax Brackets
Combined Personal Tax Rates
From:
To:
2014
2015
2016
$1
$44,701
25.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
25.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
25.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
44,702
89,401
32.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
32.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
30.50{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
89,402
125,000
36.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
36.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
36.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
125,001
138,586
36.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
36.50{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
38.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
138,587
150,00
39.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
39.50{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
41.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
150,001
200,000
39.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
39.75{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
42.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
200,001
300,00
39.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
40.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
47.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
300,001
+
39.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
40.25{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
48.00{7b1d1f20a894a4c63204ce17147762da143d82407cb3c58d1de0cbde1ab01a62}
