Understanding and Increasing Your Personal Net Worth | Advice for Physicians

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What is Personal Net Worth Your personal net worth is based on the value of all your assets minus the value of your liabilities. What would you have left after selling everything you own and then paying off your debts? That is your personal net worth, or PNW. Your assets may include cash and anything […]

2023 Canadian Federal and Alberta Tax Brackets and Rates

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What Are Tax Brackets?                                      The Canada Revenue Agency collects federal income taxes using a marginal tax rate system. A different tax rate is applicable to each level of income, and these levels are called tax brackets. Tax brackets are structured so that low-income Canadians pay a lower percentage in taxes than high-income Canadians. Changes are […]

Financial Forecasting For Businesses

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You need a financial forecast for your business if you’re considering a major change to your operation. Perhaps you’d like to add new investors or partners or expand your operation, or you’d like to sell your business or you’re in need of a loan. Forecasting allows you to analyze how different choices will impact the […]

The Best Business Accounting Firm to Help You Thrive

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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 […]

How to Determine Your Personal Net Worth

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When you determine what your personal net worth is, you can make strategic choices to plan for the future and improve that value. Understanding your personal net worth will help guide how you approach personal investment decisions, the potential sale of your business, retirement planning, or major purchases. You should consider obtaining a PNW statement […]

The Top 3 Things You Need to Know from the 2022 Federal Budget in Canada

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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 […]

RRSPs vs. TFSAs | How Should You Invest Your Money?

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What Are RRSPs Registered Retirement Savings Plans (RRSPs) are retirement savings plans that are registered with the Canada Revenue Agency and that you and/or your spouse or common-law partner can contribute to. When you contribute money to your RRSP, that money can grow over time through investments. Contribution room is based on 18% of your […]

2022 Canadian and Albertan Tax Brackets and Rates

A small wood piece that says FAQ between two puzzle pieces

What Are Tax Brackets? The Canada Revenue Agency administers federal income taxes through a marginal tax rate system. A different tax rate is applicable to each level of income, and these levels are called tax brackets. Tax brackets are structured so that low-income Canadians pay a lower percentage in taxes than high-income Canadians. This system […]

What to Look for in an Accounting Firm for Your Business

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When researching and selecting an accounting firm for your business, you should consider a firm that does more than preparing your year-end financial statements and tax returns to ensure compliance with the Canada Revenue Agency. The Right Accounting Firm for Your Business The right firm can provide so much more value to you, and the […]