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...

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

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...

Listing a home in the spring or summer has several advantages: maximized curb appeal and ideal temperatures for moving. While this may be the peak market for selling rental properties, have you...

Small business owners often pour everything they have into their ventures — can you relate? From sweat on your brow to dipping into your bank account, you’re willing to do almost anything to make...

Step one: lose the shoebox. Kidding aside, there is a better way to organize expenses and receipts for your small business. We’ll show you how to simplify this task so you can take advantage of any...

Tax season can feel like facing a mountain, but with some prep and strategies, you can make it much smoother and stress-free. Here are some key tips to help you prepare for a better tax season next...

What is a minute book?

PARTNER: Use Ownr.co to track your minute books

If you’re a small business owner who’s just received a tax refund, you might see it as an unexpected bonus — a bit of extra cash that can be put to good use. Here are some ways you can invest that...

When you start on your own as a freelance consultant, self-employed tradesperson or professional, sole proprietor is the default category. You may be wondering if it’s time to incorporate. You don’t...

This new budget is a shocker. Business owners need to be informed about what’s changing with the 2024 federal budget and how it will impact their financial position.  

We know that working with an accountant is an investment. We want our small business clients to get the most value possible from us. That means doing the obvious things: getting everyone’s taxes done...

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...

When you start your own business, you realize how great it was to have taxes magically lifted away from your paycheque. Now, rather than doing your taxes once a year, you’ll have to make tax...

As small business owners, you know that every dollar counts. We want to help you minimize your taxes for the year by staying on top of the tax laws and using tax-saving strategies that will put more...

As you prepare your 2023 taxes and consider the tax year ahead, here are the significant changes to personal taxes. You’ll want to stay up to date as many of these will keep more money in your...

Canada’s trust reporting rules changed in 2023, meaning there’s more paperwork if you have a trust, including bare trusts. In this blog, we’ll cover: 

Good and services tax: consumers know they pay it, and business owners know they charge it, but do you know why? As the GST deadline approaches for many businesses, we wanted to share some GST 101:...

When it comes to doing taxes, does the early bird get the worm? The deadline to file your personal taxes in Canada for 2023 is April 30, 2024. For self-employed individuals, the filing deadline is...

When you’re facing an insurmountable mountain of debt, it’s an awful and crippling feeling. As our economy struggles, many Albertans and small businesses helplessly watch their monthly debt levels...

Is your phone ringing off the hook with fake calls from the “CRA”? Are you receiving Canadian Revenue Agency emails insisting you click on a link? Text messages promising a benefit payment or refund?...

December is busy for everyone, but it's also your last chance to take advantage of a few tax planning opportunities that could save you money this tax season. Year-end tax planning can help small...

A healthy business starts with True North Accounting. And if you’re a self-employed health professional or run a healthcare company, you have a demanding career with many important decisions and...

As a small business owner, you may have various questions about payroll – it can be a complex and critical aspect of managing your business. In this blog, we’ll outline the payroll process so you can...

As your small business evolves into a mature company, you’ll want to have your accountant by your side to ensure your financial ship sails smoothly. As a mature company, your priority will be...

Xero is making it easier for Canada's small business owners and accounting and bookkeeping advisors to simplify their financial administration tasks. With Xero, Canadian small business clients can...

Skyrocketing growth is every small business owner’s dream, but the reality is that it comes with its unique challenges. To scale your business, you’ll need careful planning, strategic...

Small business owners need to know the value of their businesses for many reasons – making informed decisions, attracting investors or planning an exit strategy. Valuing a business is part art, part...

Being audited is every small business owner’s worst nightmare. To audit-proof your business, staying organized is important to promote compliance and enhance efficiency. This blog post explores best...

Financial planning can sound daunting, but it doesn’t have to be. A financial plan helps small businesses plan for growth by predicting cash flows and financing needs. Knowing your goals is...

You’re constantly juggling a never-ending to-do list when running a small business. And while managing your books is crucial to financial success, most business owners will agree it’s not exactly...

If you're a local Canadian business experiencing growing pains, getting expert advice is essential to help drive your company forward. Explore the invaluable benefits a growth advisor from an...

As a small business owner, managing paperwork is probably one of your least favourite tasks. It can be challenging to stay focused and organized with the many receipts, invoices, bills and other...