Generating Passive Income For Your Small Business

One of the most important streams of revenue for any business is passive income; it requires no ongoing effort on your part, while generating lasting income for your business. What’s not to like? But passive income can affect your overall financial picture (especially if your business qualifies for the small […]

Reopening Your Workplace: Preparing Your Space, Safely

As restrictions loosen across the country, you may be ready for your employees to return to the workplace. Of course, there are various things you need to think about as your workers transition from remote work to working on location again.  Before you open your doors, you’ll likely need to […]

Hiring Your First Employee – Employee or Independent Contractor?

It might have started small, but your business is now growing. And after careful consideration, you’ve decided that it’s time to expand your team.  But what kind of worker is right for your business? Should you hire an employee as part of your company, or would a gig worker (also […]

Hiring Your First Employee – Employers In Quebec

As a business in Canada, hiring your first employee involves the Canada Revenue Agency (CRA).  If your business is based in Quebec, you’ll need to get familiar with Revenue Quebec. Especially if you’re planning on hiring your first employee.  So let’s break it down.  Register Your Business With Revenu Quebec  […]

Life Insurance as an Asset Class

When considering your business assets, you might start with the obvious: the physical location of your business, the product or services you sell, and the tools and equipment that you use.  With that said, there may be other asset classes that your business may be overlooking, life insurance being one […]

Hiring Your First Employee – Parting Ways

It happens to every business owner: at some point, one of your employees will leave or you may even choose to part ways with an employee through termination.  It isn’t fun to think about the possibility of losing an employee no matter the reason – but it’s imperative to be […]

Reopening Your Workplace: Welcoming Back Your Employees

As lockdown restrictions begin to lift across the country, many Canadians are looking forward to getting back to business as usual. For many businesses, this entails bringing employees back to the workplace.  But as a business owner, you’re now faced with a tough question: how do you safely navigate reopening […]

Understanding Buy-Sell Agreements

Let’s paint a picture together, shall we? After years of work and hustle, you and your co-owner have created a successful business together. You’ve achieved all that you sought out to do. Sales are sound. You have employees you can depend on. All seems well.  But suddenly – because life […]

Hiring Your First Employee – Annual T4 / RL-1 Reports

You’ve hired your first employee, set them up on a progression plan, and they’re thriving in your small business. Great work! Next, you’ll be responsible for reporting your employee’s income to the government. Enter the T4 (and possibly the RL-1) slip.  T4 slips and tax season in general often brings […]

Hiring Your First Employee – Skill Development and Employment Standards

A big part of being a great employer is making sure your employees are continually learning and growing; it benefits them and benefits the company at large.  So how can you ensure that your new employees stay on the right track months down the road?  Creating an employee development plan […]