Integrated Financial and Tax Planning for Yellowknife and Northern Canadian Business Owners
The overall financial health and success of your northern Canadian business ia improved through integrated planning that considers your current circumstances, your long-term goals, and the opportunities that are available to you. With KWB’s Integrated Planning for the Future, you’ll achieve the best
Most Overlooked Tax Deductions for Canadian Business Owners
This article is an updated version of our earlier post on overlooked deductions. Read the original here. _________________________ Many business owners are missing key deductions that reduce taxable income. Key Deductions You May Be Missing Vehicle Expenses If you use a personal vehicle for business
Canadian Entrepreneurs’ Incentive: A Tax Strategy for Selling Your Business Shares
For business owners planning a future sale, capital gains tax is often one of the largest costs of an exit. The Canadian Entrepreneurs’ Incentive (CEI) provides a reduced capital gains inclusion rate on qualifying share sales when specific conditions are met. While not every corporation will qualify
Optimizing Your QuickBooks Online and Accounting Workflows for Improved Efficiency
Do you and your employees spend a lot of time completing tedious tasks manually? Things like bookkeeping, accounting, and payroll are important, but can be a distraction from the work you really enjoy, and from working ON your business rather than in it. The good news is, these and other internal pr
Alberta’s 2026 Budget: What Business Owners Should Know
Alberta has released its 2026 Provincial Budget, outlining major investments in health, education, and workforce development alongside the province’s largest deficit since the pandemic. Here’s what business owners need to know. $9.4B Deficit: No Income Tax Changes for Businesses or Individuals Budge
What to Do If You Receive a CRA Review or Audit Letter This Tax Season
More business owners are receiving CRA review letters as enforcement of existing and new tax rules continues to increase. Most reviews are routine, but responding promptly and accurately is essential. And with the emphasis from the CRA on online correspondence, watching for any correspondence is vit
Canadian Interest Rates Q2 2026: April 1 to June 30, 2026
The Canada Revenue Agency (CRA) has announced prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to both individuals and corporations. These rates will be in effect from April 1 to June 30, 2026. Canadian Income Tax Interest Rates Q2 20
Bare Trust Reporting Update for 2026: What You Need to Know Now
In a previous article, we outlined the proposed changes to bare trust reporting and the uncertainty surrounding filing obligations. The CRA has since released updated guidance, and the rules are now more defined in 2026. Bare Trust Reporting in 2026: What’s New No filing required for bare trusts for
Closing Your Corporation: Key Steps and Practical Guidance
If you’re considering dissolving your corporation, understanding your options under the Business Corporations Act is essential. The right approach can minimize risk, reduce costs, and ensure compliance with CRA requirements. What You Need to Know When Closing Your Canadian Corporation When a corpora
How to Get the Most Out of Quickbooks Online
What is QuickBooks Online? QuickBooks Online (QBO) is an accounting software platform created to help business owners easily and efficiently manage bookkeeping, accounting, and administrative processes. It provides reliable and meaningful financial information that helps you make better business dec