Profit Improvement Strategies for Auto Repair Businesses

If you own an auto repair business, you know that improving your profits is essential to long-term success. Fortunately, with the right financial guidance and support, you can take steps to increase your profits and grow your business. Profit Package: More Cash, Greater Profit Benefit from our Profit Package specifically designed for auto repair businesses. […]
Profit Improvement Strategies for Trades Businesses

As a trades business owner, you know that managing your finances is key to the success of your business. Whether you’re looking to minimize your personal and business taxes or increase your profits, working with an advisor who specializes in the needs of trades businesses can be a game-changer. ONSight Advisory offers you services and […]
Profit Improvement Strategies for Physicians

As a physician, you have invested significant time, effort, and resources into your medical practice. However, with increasing competition and a changing healthcare landscape, it can be challenging to achieve the level of profitability you desire. Through integrated planning and ongoing support, you can improve your profit. Integrated Planning for the Future One of the […]
New Mail from the Canada Revenue Agency | How to Access CRA Mail

Canada Revenue Agency (CRA) encourages individuals to sign up for a My Account and business owners to sign up for a My Business Account. You can use these to view and interact with important updates to your information, notices of assessment, and more. If your correspondence preferences are set to “Electronic mail,” you will receive […]
Canada’s Underused Housing Tax (UHT) | FAQs

Important Update – March 28, 2023 On March 27, 2023 the Canada Revenue Agency announced that “to provide more time for affected owners to take necessary actions to comply, the Minister of National Revenue is providing transitional relief to affected owners. The application of penalties and interest under the UHTA for the 2022 calendar year […]
The Best Business Accounting Firm to Help You Thrive

You deserve the best advice, guidance, and knowledge to help simplify your accounting, improve your business performance, and reach your goals. KWB Accountants & Advisors offers exceptional customer service and client support that you and your business will benefit from. Why KWB Accountants & Advisors Has Five Stars on Google Here’s what some of our […]
Personal Services Businesses and Canada Revenue Agency

The Canada Revenue Agency (CRA) will be increasing their focus on personal services businesses and assessing for breeches of tax rules, according to an update from CPA Canada on September 6, 2022. With more Canadians choosing to incorporate their businesses, the CRA will be analyzing if a corporation is operating as a personal services business […]
The Top 3 Things You Need to Know from the 2022 Federal Budget in Canada

Summary of the 2022 Federal Budget Canada released the 2022 federal budget on April 7, 2022. As in past years, the focus of this year’s budget is on building a stronger, more resilient economy leading to long-term fiscal sustainability, and to reduce the federal debt-to-GDP ratio to pre-pandemic levels. The 2022 federal budget also aims […]
Supply Chain Relief Financing

BDC is now offering Supply Chain Relief Financing of between $100K-$500K for businesses affected by supply chain issues. This funding helps cover operational cash flow needs related to supply chain disruptions. Features of this funding include: Up to 12 months for principal payment postponement No penalty for repaying your loan early Financing can be […]
What Are CRA’s Processing Times?

The Canada Revenue Agency has shared an online tool that will offer you a general idea of standard processing times for tax returns and various tax-related submissions such as clearance certificates, CPP submissions, T1 adjustments, payroll related items, and more. This can be a helpful resource when you are awaiting the processing of your files […]