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The Canadian job market is in a state of flux, with the explosion of the on-demand economy and part-time employment increasingly becoming the norm for many workers. As a result, we're seeing more Cana...
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Approximately 140,000 new businesses are started every year in Canada, yet half of them don't make it to their fifth year. Small businesses are key drivers of economic growth in our country and we must equip entrepreneurs with the tools and resources they need for long-term success in order to help transform Canada into the innovation hotbed we know it can be.
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The tax deadline falls on May 2 this year, which means Canadians have an extra weekend to file their taxes. The CRA will soon be hit by a wave of last-minute tax returns, as countless Canadians wait until the last minute.
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As life becomes increasingly mobile, there is an uptick in the number of Canadians who start and manage small businesses without brick and mortar locations. No matter how mobile or field-based entrepreneurs earn their income, it's important to understand how these modern business endeavours impact your taxes. Here's an overview of what you need to know before you file.
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You set your hours, you choose your colleagues and you control your brand. Though entrepreneurship definitely has its upside, it can also be a rude awakening for those who don't have a realistic understanding of the challenges that come with being your own boss.
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It's December, which means small business owners have a lot on their plates. While I'm sure everyone is feeling the pressure of holiday crunch time, entrepreneurs are also trying to manage the flurry of activity that comes at year end. My advice? Despite the chaos, take some time to get organized and start thinking about what lies ahead. Conquering these small tasks now can make a big difference in the new year:
Failing to plan means planning to fail. When you make the time to educate yourself and prepare appropriately, you'll find it that much easier to stay ahead in this fast-paced, ever-changing environment.
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Regardless of your age, your job or your personal interests, the topic of money will always be relevant to you. You've likely heard terms "money management" and "financial literacy" countless times before, and with good reason -- having a clear understanding of your finances is non-negotiable if you hope to have a sound plan for your present and your future.
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Running a small business is difficult, but growing one is even more challenging. You can't do it alone; you need the help of talented employees who are invested in the long-term success of your business. To attract and keep talented people, you need to provide a great working environment.
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You have a social insurance number, a job, and even a T4, but you have never filed your taxes. Everyone has been in the exact same position -- you have to start somewhere. Sure, it can be intimidating, but it doesn't need to be. Why? Because it has never been easier to file. Need a little guidance? Here are three tips to make your first time filing a breeze.
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I'm here to make the case for doing your taxes, whatever you earn. Every year, many Canadians living on low incomes choose not to file, stating little return -- no pun intended -- on the effort. Are you one of them? You may not realize that whatever bracket you fall in, filing has benefits tailored specifically to your situation. Below, you will find three reasons why filing is essential for those with low incomes.
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Now that spring is nearly upon us, your children's thoughts have likely turned to the end of the school year, summer jobs, or perhaps their post-secondary futures. While you're likely preparing to file your tax return, they probably aren't thinking about finances or taxes. That's where you come in.
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Professionals are important partners to help you understand where your business is at and where it is headed. They will use the data from financial management tools, analyze it, make sense of it and provide a personalized overview of your business and its needs. It's important you work with an accredited advisor and someone you trust with your business.
According to Intuit's Canadian Tax Index, since early March the number of seniors filing their taxes with TurboTax Online has increased a remarkable sevenfold. Here are some of the top income tax tips we're sharing with seniors this season.
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The following is a list of the critical first steps SMBs should take to prepare and get through tax season.
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A new Intuit survey found that 53 per cent of new businesses in Canada -- those in operation less than three years -- are run by part-time entrepreneurs. If you are one of these part-time start-ups, you're living your entrepreneurial dream on the side.
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No matter your age, you very likely made a donation you can claim on your tax return. This can be anything from sponsoring a friend's marathon, to attending a fundraising gala, to growing a moustache. Giving through the year is a great way to give back to your community, and there's certainly a little karma built into tax refunds, so make sure you follow these tips to get a little back come tax time.
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While these digital natives bank and manage credit cards online and through mobile apps, only one third plan to file taxes themselves using tax software. Given that taxes are like the DNA of personal finances, it's only natural that doing it themselves is the next step in managing all aspects of their pocketbook. Here are three tax tips to help Millennials take full control come tax time.
The average Canadian millennial is saddled with debt thanks to unemployment and rising tuition costs. According to the Canadian Federation of Students, students in Ontario and the Maritimes average over $28,000 in debt. If you're in this position, focus on paying off all your debt first, while putting a small amount into your RRSP.