CRA recently announced that they will be rolling out over 50 action items that will improve services for small and medium businesses. These service improvements are included in the CRA’s 2017-2019 Serving You Better Action Plan. Here are the top 10 service improvements for businesses: 1. Receive a CRA security code by email.2. Call a new dedicated telephone service for tax preparers that helps with more complex technical issues.3. Request a Liaison Office visit.4. Provide T4 information slips to their employees in electronic format (certain conditions apply).5. Use T2 Auto-fill through commercial software.6. Create their own filing and balance confirmation letters...
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For the past weeks, we’ve already covered the first 9 key items you need to know and ask yourself when you want to start a business. These include your business structure, your business name, domain for website, if you need a minute book, your business number, if you need a business permit, planning for bookkeeping/financial tracking/reporting, your banking relationship and if you need financing. Here are the last 6 key items you need to know when starting a business:10. Have I determined where I will operate my business from? Many businesses start at home. If you plan to start your business...
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Last week, we published the first part of this blog series where we listed the first 4 things you should know when starting a business.  These first four things include your business structure, your business name, domain for website and if you need a minute book.  Here are the next 5 things you will need to know and ask yourself if you want to start a business. 5.    Have I determined which business number components I need? Generally, you need a business number for doing business with the government.  The business number is a nine-digit number that gives each registered business...
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Starting your own business can be an exciting and rewarding experience.  It is, however, full of challenges.  Not everyone has what it takes to start, build and maintain a successful business. There are many challenges to overcome and many sacrifices to make to be able to transform a business idea into reality.  So what does it take to succeed in starting, building and maintaining a business? First of all, your level of commitment in pursuing your business idea cannot be underestimated. Your full commitment and more is needed to be able to get your business idea off the ground.  It is...
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