The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000(plus applicable federal and provincial sales taxes) for purchases after 2002. This ceiling restricts the cost of a vehicle on which CCA may be claimed for business purposes.
The limit on deductible leasing costs remains at $800 per month(plus […]
If you are doing your tax planning for 2015, you may find the following tax rates and maximums helpful from the Canada Revenue Agency (CRA).
Did you know that if you reach the maximum CPP or EI in 2015 before the end of the year, you will see an increase in the amount of your net […]
According to an Industry Canada study, the main reason small businesses fail is inexperienced management. About half of all businesses fail within their first five years. Fortunately, many of these failures are preventable. Here are some things that Calgary small business owners can do to turn a business around and save it from closure.
Finding the Problem
Find out […]
Did you know that the majority of new Calgary small businesses will never turn a profit? Rather than being discouraged by this fact, you should take the opportunity to learn from the mistakes of others. By avoiding mistakes that are commonly made by new business owners, you can ensure that your business will be one […]
When starting out in business, it is very easy to spend money on items you do not really need, from stationery supplies to major expenses such as office rental. Even more established business owners can be guilty of overspending on non-essentials.
Why spend money unnecessarily, however, when you could use it more productively in your business […]
