IMPORTANT NOTE: This article discusses Canadian Taxation matters and may not be applicable to those outside of Canada. Personal circumstances play a significant role in determining your taxation situation and should be discussed with a tax professional to determine your unique situation. This information is provided for informational purposes only and does not constitute tax advice. SECOND IMPORTANT NOTE: Be careful where you get your tax advice from. Rules in the US are quite different from rules in Canada, and most stuff you find on the internet is written from a US perspective. Also, don’t take tax advice from a plumber!…
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Taxing Crypto in Canada
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Typical problems contractors have implementing our Profit First Cash Management System (PFCMS)
You’ve Got Problems? Whoa, Dude (or Dudette), We need to talk!! Last month we started talking about how our “Profit First Cash Management System” can help you better manage your contracting business. Now it’s time to show you some of the snakes hiding in the grass. Oh yes, there are snakes… While it sounds simple to create a few extra bank accounts and start allocating cash into them, that doesn’t mean it’s easy. There is a big difference between simple and easy, you know. Simple means that it’s doable. But sometimes it takes a lot of work to get to “simple’” And…
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