Blogs

Are Christmas Bonuses Taxable in Canada?

Are Christmas Bonuses Taxable in Canada?

In Canada, Christmas bonuses are considered a form of employment income. This means they are fully taxable. When your employer gives you a bonus during the holiday season, it is treated just like your regular salary or wages for tax purposes. You must include it on...

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What Does a Business Consultant Do? Roles, Skills & Types

What Does a Business Consultant Do? Roles, Skills & Types

A business consultant provides expert advice and support to organizations, helping them improve performance, increase efficiency, and achieve their business goals. By analyzing various aspects of a business, business consultants can offer tailored solutions,...

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Can You Claim Business Loss on Personal Taxes in Canada?

Can You Claim Business Loss on Personal Taxes in Canada?

Yes, Canadian business owners can claim business loss on personal taxes. These losses, particularly for sole proprietors and entrepreneurs, can significantly reduce personal tax liability. By understanding how they impact your taxable income, you can take steps to...

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Are Travel Expenses Tax Deductible in Canada?

Are Travel Expenses Tax Deductible in Canada?

Travel expenses can significantly reduce your taxable income if you're a salaried employee in Canada. Here's everything you need to know about claiming travel expenses as tax deductions, including key forms like T2200 and T777, and which expenses are eligible for...

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How to Start a Consulting Business in Ontario

How to Start a Consulting Business in Ontario

Starting a consulting business in Ontario can be a rewarding venture. With the right planning, resources, and strategies, you can set yourself up for long-term success. Whether you're considering becoming an independent consultant or growing into a larger firm,...

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What Is A Letter Of Employment?

What Is A Letter Of Employment?

A letter of employment is a short, signed statement from your employer confirming your job title, start date, income, and employment status. In Canada, it has become the go-to proof for lenders, landlords, and even some immigration streams because it verifies that you...

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Master Business License vs. Corporation in Ontario

Master Business License vs. Corporation in Ontario

In 2023, Ontario saw over 100,000 new business registrations. Yet many founders hit a roadblock deciding between a master business license vs. corporation Ontario. This is where liability, taxes, growth potential… all is on the line. It’s important to answer two...

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Master Business License Canada: Why It Matters?

Master Business License Canada: Why It Matters?

Study finds that every year, approx. 100,000 new businesses launch in Canada—and many stall before day 30 due to licensing hiccups. Without the right paperwork, you risk fines, missed opportunities, or worst‑case shutdowns. This blog will tell you exactly what a...

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