How To: How I Became a Bookkeeper in Canada (as an Immigrant!)
In this video Arielle from Fix My Books will be showing you how I became a bookkeeper in Canada as an immigrant. My journey to become a bookkeeper started long before I even landed in Canada!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: HST vs GST vs PST - What's the difference?
In this video Arielle from Fix My Books will be teaching you what the difference is between HST (Harmonized Sales Tax), GST (Goods and Services Tax) and PST (Provincial Sales Tax).
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: Where to find your Notice of Assessment?
In this video Arielle from Fix My Books will be teaching you how and where to find your CRA Notice of Assessment!
https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: What is a Refund Transfer?
In this video Arielle from Fix My Books will be teaching you what a refund transfer is!
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/refunds-transfer.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: Where to Mail Corporate Tax Return (T2)
In this video Arielle from Fix My Books will be teaching you where to mail your Corporate Tax Return (T2).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-send-your-corporation-income-tax-t2-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: Price your services
Pricing is one of the most important factors that has a direct impact on your profit. Pricing is how much you charge for your service. A pricing strategy is simply that—a strategic plan and it's a very significant one. If you don't approach it in this way, you can struggle to decide how much to charge. If you stumble for too long, you might never get it back. Pricing can make or break the lifespan and health of your business, regardless of your sector, product, or service. Let's dig into pricing 101.
Quick Tips: CRA: Where to Mail Tax Return (Individual T1)
In this video Arielle from Fix My Books will be teaching you where to mail your Tax Return (Individual T1).
https://www.canada.ca/en/revenue-agency/corporate/contact-information/where-mail-your-paper-t1-return.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: Tell if your business is doing well…
There are a variety of measurements that will actually allow you to determine the health of your business . While some techniques might be excellent business metrics, others might not be suitable or appropriate. With that in mind, let’s get pretentious about finance and explore the things that will help you determine if your company is in good financial health….
Quick Tips: Accounting 101: Debits vs. Credits + The Accounting Equation
In this video Arielle from Fix My Books will be teaching you what Debits and Credits are and what the Accounting Equation is!
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: 10 Red Flags to Avoid a CRA Audit
The word "audit" is one of the things that scares business owners the most. I've compiled 10 warning signs for an CRA audit that you should watch out for…
Quick Tips: CRA: How to Find Date of Entry (For Newly Landed Immigrants)
In this video Arielle from Fix My Books will be teaching you how to find out your Date of Entry as a newly landed immigrant.
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4055/t4055-newcomers-canada.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: 5 Important Things to do After Tax Season for Business Owners
Tax season may be over, but your responsibilities haven’t ended just yet. Here are some of the best tips for keeping taxes a priority for your 365 days a year…
Quick Tips: Canada Business Number vs GST Number vs Corporation Number
In this video Arielle from Fix My Books will be teaching you what the differences are between a Canada Business Number, GST number and Corporation number.
Ownr Discount Code: https://partners.ownr.co/n7amjwp1phfn
https://help.ownr.co/en/articles/1157551-business-number-v-corporation-number
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/register.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: Is Outsourcing the RightOption to Grow Your Business?
Outsourcing helps you abandon the mindset of "I can do it all myself" and offload boring back-office tasks and hand them over to professionals with better expertise and reasonable costs. Before outsourcing, consider…
How To: Calculate RRSP Contribution Limit
In this video Arielle from Fix My Books will be showing you how to calculate your RRSP contribution limit and how to find your RRSP Contribution limit (without any calculations).
RRSP Contribution limit calculator: https://www.ratehub.ca/investing/rrsp-contribution-limit
How is your RRSP deduction limit calculated: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/contributions-affect-your-rrsp-prpp-deduction-limit.html
CRA Worksheet on how to calculate earned income: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4040/rrsps-other-registered-plans-retirement.html#stp_2chrt_3
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: 5 Financial Reports You Should Track for Your Business
There are a number of financial reports that can give information on the business's past, current, and future financial state. The top five financial reports that every business owner has to regularly and yearly review to better understand the business's financial performance are listed below…
How To: Calculate Tax on Bonuses
In this video Arielle from Fix My Books will be showing you how to calculate how much taxes you will be paying on your bonus.
https://www.wealthsimple.com/en-ca/tool/tax-calculator
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
Quick Tips: CRA: How long to keep records?
In this video Arielle from Fix My Books will be teaching you how long you should keep your records for.
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/keeping-records/where-keep-your-records-long-request-permission-destroy-them-early.html
Check out my socials for other tips and tricks on how to run a successful business in Canada, and as always, feel free to message me with any questions!
How To: How To Conduct A Mid-Year Budget Review
With the midyear of 2023 quickly approaching, it’s a great time to perform a budget checkup to help evaluate how your business is performing and determine whether any adjustments should be made to ensure a successful year-end. Consider these key areas of your budget when conducting a midyear review…
How To: Build a Business Emergency Fund in 8 Steps
An emergency fund is an essential part of a solid financial plan. It can help you pay unexpected expenses and avoid taking on more debt from high-interest credit cards or loans. You can build up your business cash reserve account in several ways…