“A budget is telling your money where to go instead of wondering where it went.” 

If you’re a local Canadian business feeling those familiar growing pains — more work, more risk and more decisions to make — it might be time to bring in backup. Not necessarily another employee...

Hiring help is a big step for any small business — and a sign your business is growing. Whether you're bringing on a contractor for a short-term project or hiring your first employee, it’s important...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

If you’re a small business owner, you already know how tough it can be to navigate startup costs, seasonal cash flow dips or opportunities for growth. That’s where small business loans come in.

Only 32% of Calgarians have a written financial plan — don’t leave your future to chance.

Dreading that tax task on your to-do list? We get it — you set aside time to complete the task, but you always seem to hit a roadblock and run out of time before you can finish. It's de-motivating...

When you start out on your own — whether as a freelance consultant, tradesperson or other professional — you’re automatically a sole proprietor. It’s the default setup for most self-employed folks.

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Getting a tax refund can feel like a nice little surprise — like finding cash in last year’s winter coat. But instead of treating it like “fun money,” this could be a great chance to make moves that...

If you’ve ever asked your accountants whether you should own your vehicle in your corporation or personally, I’m betting they didn’t tell you much. They probably said, “Well, it depends.” If you are...

As a business owner, knowing how and when to pay your taxes is as important as knowing how much to pay. Instalments are progress payments towards your next tax bill, and the cost of ignoring them is...

Tax season doesn’t have to be a headache. With a little planning and some smart strategies, you can shrink your tax bill and keep more money in your pocket. Here’s how to make the most of deductions...

Paying your taxes isn’t exactly fun — but it doesn’t have to be stressful either. Here are some step-by-step instructions on how to pay your federal and provincial corporate taxes, GST, payroll...

Airbnb and VRBO hosts could be paying tax on their gross rental income if they don't comply with local regulations!

The federal budget in 2024 proposed increasing the capital gains inclusion rate to 66.67% for individuals with more than $250,000 in annual capital gains, corporations and most trusts. The change...

A lot can change year to year, and you need to stay on top of things to avoid tax and penalty surprises! Here are the most important updates for 2024 that could affect your personal taxes.

It's the perfect time to start thinking about your goals for the year ahead. Setting a few key performance indicators (KPIs) is a great way to gain clarity on how you’re tracking toward those goals....

What I learned from creating an advisory board for my business

Setting up an advisory board is one of the best decisions I’ve made for my business. But it takes effort, planning and a willingness to...

Running a small business is no small feat, and managing the paperwork that comes with it can often feel like a daunting task. From invoices to tax returns, we all deal with a flood of mail and...

Deadlines. They have a way of sneaking up on us, don’t they? While it’s natural to feel a little anxious as they approach, the more you know about key deadlines, the better prepared you’ll be. With a...

What does a financially confident business owner look like? They take advantage of every write-off, maintain a solid paper trail and automate their payments and savings. Their taxes, accountant and...

Setting up your business and individual Canada Revenue Agency (CRA) accounts is not only important, it makes your tax life a lot easier. If you run a business, you’ll need both business and personal...

As a small business owner, managing your finances can get complex. But one thing is clear — you want your loved ones to be taken care of if something were to happen to you. Working with a CPA, lawyer...

Deciding how to pay yourself as a small business owner is one of the most important financial decisions you’ll make. It’s not just about getting money into your hands — it’s about maximizing your tax...

December is a whirlwind — holidays, deadlines and a to-do list that never ends. But it’s also the perfect time to tackle year-end tax planning and set yourself up for savings this tax season. A...

If you’re like many of us, you’ve been spending a lot of time in your home office lately. Whether your workspace is a cozy nook at your dining table or a dedicated area with a fancy standing desk,...

Cybersecurity can feel like a huge, complex topic, but here’s something that might surprise you: your biggest security risk isn’t just the software you use — it’s your own team. Today’s hackers have...

Managing payroll as a small business owner can seem overwhelming, but it doesn’t have to be. In this blog, we’ll break down the process so you can confidently approach it. Payroll ensures your team...

As a business owner in Canada, there are a few key legal things to take care of to protect your small business (and yourself). We get it — sometimes it’s tempting to handle things yourself instead of...

No one walks into marriage thinking about divorce, and it's certainly not something you want to plan for when you're in love. But the reality is that roughly half of all marriages end in divorce....

As a small business owner, you’re juggling a lot — building your business, keeping clients happy and staying on top of the numbers. Bookkeeping might not always be at the top of your list, but...

As a small business owner, you know that every dollar counts, and understanding what you can write off can make a real difference. The good news? Keeping track of your expenses not only saves you...

As a small business owner, healthcare may be a big question mark for you. A traditional health insurance plan is too expensive. But your kid needs braces, and you have a couple of prescriptions. You...

Big changes are coming to the Canada Pension Plan (CPP) in 2024, and it's important for small business owners and entrepreneurs to stay informed. 

Running a business is a full-time job, and managing monthly bank documents can often feel overwhelming. At True North Accounting, we understand the challenges of keeping your finances in order....

Seeing a brown envelope with the little black Canadian flag can be nerve-wracking. Sometimes, it’s good news, like a cheque! Other times, you open it to find a letter full of confusing text.

Summer’s here, but maybe you’re thinking of going back to school. There are many opportunities for small business owners to level up their leadership, grow their businesses or learn new skills. Here...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

We often hear from small business owners that they wish they heard from their accountants throughout the year. This year, we invite you to make a meeting with us for a mid-year small business...