Finding financing for your small business can be a horrific challenge. Without significant cash flow or assets, banks and investors are usually not interested in giving you money. Credit cards can provide a quick and easy way to purchase the things you need to grow your business in Calgary.
There are several advantages to using credit […]
One of the best ways to improve your small business’s profitability is to decrease expenses. It is important that you keep your expenses at a minimum to maximize efficiency. Thankfully, this is an aspect of your business where you have control. Here are four simple ways to cut back on your business expenditure.
Office supplies
Businesses spend […]
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 […]
The most challenging part of starting a business is figuring out how to find the funding required to get started. Yet, despite the challenges thousands of people jump into their own enterprise ventures every year.
Many small business owners choose to start small, paying only for what they can afford in an effort to get started. […]
In case you have employees in other provinces, these changes may affect your business. It is also interesting to see that Alberta continues to have one of the lowest minimum wages in the country.
In general, every business starts out of someone’s home. Even if the business will eventually grow to a multi-million dollar business, it has to start somewhere. The home office is usually one or two rooms in the home that are used for record keeping, storage and meetings. The office typically has a desk, a few […]
The Canada Learning Bond (CLB) is part of the Canadian RESP program. Actually the CLB is a grant. The big difference between this grant and the regular RESP grants is that no contribution is required. Once you qualify, you apply, and you can receive up to $2,000 deposited in your RESP account per child. The […]
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although there is no tax deduction, the interest and income earned within the plan is sheltered, […]
You can make use of the lifetime $750,000 capital gains deduction if you dispose of shares in a qualified small business corporation, a qualified farm property, or a qualified fishing property. If you have already claimed the $100,000 personal capital gain exemption (ended in 1994) then this reduces the available lifetime capital gains to $650,000. […]
If you pay the following expenses by December 31, 2013 they will be eligible for the deductions of credits:
Childcare expenses
Deductible support payments
Charitable donations
Union and professional dues
Moving expenses
Political donations
Accounting fees
Medical expenses
Investment counsel fees
Interest paid on loans used to purchase investments
Tuition fees
Children’s Fitness Expenses
Children’s artistic, cultural, recreational or developmental fees