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.
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.
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
Evaluating the Impact of Coronavirus on Your Business Model
April 24, 2020
When a pandemic crisis like the coronavirus hits the business, the owner needs to evaluate the impact on their business
How to Improve Your Business Using Financial Ratios
April 10, 2020
Every dollar you spend should deliver returns so you can grow your business, pay your employees and still make a
Extended Tax Filing and Payment Due Dates
April 10, 2020
In response to the economic disruption caused by COVID-19, the Federal and provincial governments have announced extensions to the various
Evaluate Your Business With Financial Ratios
April 3, 2020
Financial ratios give you insights on the business that a financial statement alone cannot provide. They allow you to evaluate the company’s performance.
75% Canada Emergency Wage Subsidy Program
April 3, 2020
I am providing you with updates on the 75% Canada Emergency Wage Subsidy program, which is separate from the 10% Temporary
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WTC has the resources you need to understand accounting, the Canadian tax system and maximize your returns.