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    We want to give you as much value as possible. Our blogs and newsletters cover everything from T slips and tax deadlines, to tips on staying organized, and recommendations on great resources for small business owners.


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    Tax tips for separated parents: who claims child care expenses?

    If you’ve recently separated or divorced, you may be wondering how this affects your tax benefits and credits. For tax purposes, you are considered “separated” after living separately for 90 or more...

    Jun 05, 2022

    Child care expenses: the ins and outs of hiring a nanny

    Working parents juggle a lot. Finding the best child care for your kids means you can rest easy while you focus on building your business. Many families choose to hire a nanny for one-on-one care or...

    Jun 05, 2022

    Alberta government small business grants and programs

    Note: For the latest in Alberta government small business supports, consult the Government of Alberta website. 

    May 23, 2022

    Small business loans and grants in Alberta and Canada

    Capital is vital to starting your small business and helping it thrive. Which route is best to raise money for your small business — loans, grants or something else? In this blog, we share the...

    May 16, 2022

    How to file taxes in Alberta

    Tax season can be stressful, but it doesn’t have to be. With True North Accounting as your small business accountant, we provide support with everything from investment income and capital gains to...

    Apr 15, 2022

    How to pay business taxes in Canada

    Here are some step-by-step instructions on how to pay your federal and provincial corporate taxes, GST, payroll remittances and even your personal taxes — just skip to the part that is applicable to...

    Apr 15, 2022

    How to calculate business-use-of-home expenses in Alberta

    Now that we’ve looked at some of the grey areas in reporting expenses, let’s focus on how to calculate some of those expenses when using the home as your office. 

    Apr 12, 2022

    Tax grey areas: Make the most of your vehicle and home office expenses

    Write-offs are frequently a dilemma for some people. What should I write off, what shouldn’t I, and what qualifies as a write-off? Some are more liberal with their write-offs while others tend to be...

    Mar 11, 2022

    Can a grandparent claim child care expenses in Alberta?

    We’ve shared information on claiming child care expenses, including what qualifies, how to determine eligibility and which parent should claim come tax season. But what if you have a family member...

    Mar 04, 2022

    Selling a rental property: tax implications

    Spring is just around the corner, which means it's the peak market for selling rental properties. Listing a home during this time has several advantages, including maximized curb appeal and ideal...

    Feb 28, 2022

    Tax tips: Claiming child care expenses in Canada

    As the world continues to change and office life comes back into mainstream culture, enrolling kids in child care is once again a reality for a lot of working Canadian families. This has implications...

    Feb 10, 2022

    Cryptocurrency in Canada: Considerations for a small business owner

    Do you know Changpeng Zhao? He’s the CEO of cryptocurrency exchange Binance, and has a net worth of US$96.9 billion. This number makes him the wealthiest Canadian, as well as the richest crypto...

    Jan 25, 2022

    6 easy steps to bookkeeping for sole proprietors

    Bookkeeping is the task of recording all the day-to-day transactions of your business, like sales invoices, cash receipts and expenses.

    Jan 10, 2022

    How does capital gains tax affect you?

    It’s natural to speculate about rising tax rates with every shift in government. Over the last few years, Canadians may have wondered whether they would see an increase in the capital gains inclusion...

    Dec 08, 2021

    A small business owner’s guide to maternity leave in Canada

    “Competitive advantage” may not be the first words that come to mind when you think about your employees requesting parental leave. But as it turns out, flexible benefits that support new families...

    Nov 14, 2021

    Comprehensive guide to patents

    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...

    Nov 11, 2021

    Strengthening your balance sheet

    Whether you’re looking for financing or an investment in your company, one thing is certain – your balance sheet matters. Find out why having a strong one is crucial, and how to strengthen your...

    Nov 02, 2021

    Personal finance 101: Calculating your net worth

    When it comes to money, it can be hard not to compare yourself to others — and this is especially true with the big ticket items, like your car and house. But, before you start beating yourself up...

    Oct 17, 2021

    Get government funding with minimal hassle

    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...

    Sep 29, 2021

    Preparing for divorce as a business owner

    No one wants to plan for the worst-case scenario, and when you're married you certainly don't want to be worried about anything as terrible as divorce. After all, you're in love and you want your...

    Sep 12, 2021

    4 tips for preventing burnout as a business owner

    Picture this: it’s 6 AM on a weekday, and you’re already on your second cup of coffee. You worked late last night, and you know you’re in for another long haul today. The business you love is...

    Aug 21, 2021

    Planning and saving for retirement as a small business owner

    Thinking about the future and retirement planning can be overwhelming for anyone. This can even be more daunting as a small business owner. Without a pension plan or matching program from an...

    Aug 08, 2021

    5 strategies to survive (and thrive) after losing a client

    This is a guest post written by a virtual assistant from Virtual Gurus, a partner of True North Accounting. Virtual Gurus is a talent marketplace that matches organizations with highly skilled...

    Aug 03, 2021

    Personal finance 101: How to create a budget for your lifestyle

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

    Jul 19, 2021

    Going over a typical employment agreement

    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...

    Jul 19, 2021

    Small business accounting terms you should know

    From brainstorming and research to strategizing and finally getting your idea off the ground, starting a small business is a long (and sometimes intimidating) process. And while accounting is an...

    Jul 03, 2021

    The federal home retrofit program and Alberta small business

    Have you heard about the new federal home retrofit program for Canadians? If you’re a home business owner planning to do some renovations in the foreseeable future, read on. Even if you’re just an...

    Jun 21, 2021

    How to apply for a small business loan in Canada

    If you own a small business, you know that it can be challenging to get everything you’ll need to start, or continue, through an unsteady economy. For that reason, learning the ins and outs of small...

    Jun 06, 2021

    What's in a typical shareholders agreement?

    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...

    Jun 06, 2021

    Small business ideas: Q&A with Covet Sips & Sweets

    Meagan Layton and Whitney Smith are the co-owners of Covet Sips & Sweets — a cookie and specialty drink drive-thru (coming soon!) that has evolved from their original Covet Cookies concept. The pair...

    May 25, 2021

    8 steps to financial planning for small business owners

    Small business owners are often guilty of pouring everything they have into their ventures — can you relate? From the sweat of your brow to dipping into your personal bank account, you’re willing to...

    May 10, 2021

    Independent contractor or employee: Which should you hire?

    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...

    May 02, 2021

    6 common bookkeeping mistakes made by small business owners

    As a small business owner, mistakes happen – that’s life. We’re here to help you understand why they happen and how you can avoid the common ones, at least when it comes to bookkeeping.

    Apr 20, 2021

    Small business bookkeeper vs accountant: what do I need?

    A bookkeeper, an accountant and a CPA walk into a bar — wait, what’s the difference? The terms “CPA,” “accountant” and “bookkeeper” are often used interchangeably and often all three are just...

    Apr 06, 2021

    2020 personal tax changes in Canada

    Wondering what's new with your 2020 personal taxes? From T slips to working from home, we’ll walk you through some changes you should know about this year. We’ll also cover various deductions: how to...

    Mar 24, 2021

    CRA scams and how to avoid them

    Ah, tax season. The most wonderful season of all — at least for us accountants, anyway. For the average person, it’s a frustrating time of sifting through expenses, forms, and to make things worse,...

    Mar 02, 2021

    Founderproofing basics: cofounder equity and agreements

    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...

    Feb 27, 2021

    Your home office: how to get organized and claim small business expenses

    If you’re like most of us, you’ve been spending a lot of time in your home office lately. Whether you have a makeshift setup at your dining table or dedicated space with a fancy standing desk, there...

    Jan 17, 2021

    Does your company need an advisory board?

    Here’s what I learned from creating one for my business. 

    Jan 08, 2021

    What is intellectual property?

    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...

    Jan 06, 2021