The Canada Emergency Wage Subsidy: What’s New
December 18, 2020
The coronavirus pandemic has dramatically shifted the economic landscape globally, and Canada has been no exception. To help business owners
Accounting and Financial Resources
When it comes to accounting and taxes, the more you know, the better you can manage your finances! WTC has the resources you need to understand accounting, the Canadian tax system and maximize your returns.
Time Extended To Recall Employees Laid Off Due To COVID-19
July 16, 2020
The COVID-19 pandemic has created many challenges for Canadian workers and business owners. The Canadian government wants to ensure that
Commercial Rent Relief Program Extended For Another Month
July 9, 2020
Earlier last week the Canadian government has extended the Canada Emergency Commercial Rent Assistance (CECRA) to provide relief for small
The Expanded Canada Emergency Business Account (CEBA)
July 2, 2020
Effective June 26, 2020, the expanded Canada Emergency Business Account (CEBA) loan program is now available to businesses with payroll
Position Your Business for Success with Cloud Accounting
July 2, 2020
With the ability to integrate with thousands of third-party applications, the possibility of cloud accounting is endless.
The Confusion with T4A Reporting Requirement
June 26, 2020
Businesses are required to report a tremendous amounts of information but often lacks clear guidance. T4A reporting is a prime example.
Manage the Finances of a Seasonal Business
June 19, 2020
For managing the finances of a seasonal business, evaluate if you can build more business during low season. Understand your sales cycle its impact.
The Recurring Revenue Model – A Lesson From SaaS
June 12, 2020
The traditional business model works if your sales pipeline is filled. But a more sustainable approach is to adopt the recurring revenue model.
How to Tax-Efficiently Take Money Out of Your Business
June 5, 2020
Simply withdrawing cash will likely result in a significant tax bill. The question becomes: how do you tax-efficiently take money out of your business?
Reminder: Your Personal Tax Filing Is Due on June 1
May 15, 2020
In response to the economic disruption caused by COVID-19, the deadline for filing personal tax return that was due on
Taxation of Investment Portfolio
May 15, 2020
As your wealth accumulates, being familiar with the taxation on investment portfolio can increase the after-tax return on your investments.
The 3 Financial Reports You Should Prepare
May 8, 2020
Financial reports allow you to monitor results, keep your company on track, and plan for the future. They are also
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WTC has the resources you need to understand accounting, the Canadian tax system and maximize your returns.