March
11

Tax Cuts At Your Fingertips

Posted In: Finance by Gregor Anton
Home Renovation Tax Credit
a non-refundable tax credit of up to $1,350
First-Time Home Buyers’ Tax Credit
a non-refundable tax credit of up to $750
Children’s Fitness Tax Credit
a non-refundable tax credit of up to $75/child
Public Transit Tax Credit
a non-refundable tax credit of 15%
Tradesperson’s Tools Expenses
deduct up to $500 from your net income
Pension Income Splitting
split up to 50% of your eligible pension income with your spouse or common-law partner
Tax-Free Savings Account
tax-free investment income on savings up to $5,000
Tax credits and benefits for individuals
March
1

This is great news for BC and the economy.

From the Action Plan Canada Website:

Prime Minister Stephen Harper and Premier Gordon Campbell today announced support for fifteen new infrastructure projects across British Columbia.  Provided for by investments from both the Government of Canada and the Province of British Columbia, these projects will improve highways, local roads and bridges throughout the province, resulting in safer travel for residents and visitors alike.

“Our Government is laying the foundations for future economic growth and prosperity in British Columbia,” said Prime Minister Harper.  “The infrastructure projects announced today under Canada’s Economic Action Plan will create jobs, providing immediate benefits to British Columbia workers, businesses and communities.”

November
12

Everyone worries about taxes and looks for ways and means of reducing the tax burden.  When you have a small business  you must be up date with your accounting and tax laws that pertain to “small businesses.” As a business owner you must understand clearly about accounting systems and tax planning. Sit down with your accountant and plan on ways of maintaining business expenses, filing receipts, planning on “tax saving” investments, and a strategy for running  the business in the most beneficial way.

Did you know that:

September
17

7 Critical Business Financing Mistakes

Posted In: Finance by Gregor Anton

Avoiding the top 7 business financing mistakes is a key component in business survival.

If you start committing these business financing mistakes too often, you will greatly reduce any chance you have for longer term business success.

The key is to understand the causes and significance of each so that you’re in a position to make better decisions.

>>> Business Financing Mistakes (1) – No Monthly Bookkeeping.

Regardless of the size of your business, inaccurate record keeping creates all sorts of issues relating to cash flow, planning, and business decision making.

June
18

Do You Know What Business You Are In?

Posted In: Finance by Gregor Anton

by Sanata L. Martin, Merchant Service Specialist

What do you have in common with the over 2,700 small businesses across Canada that I have helped in my 8 years as a Merchant Service Specialist? You are in the same business as each and every one of them.

June
16

by Ken McLean, Factors Western

How is the economy effecting your business?

In today’s turbulent times of economic uncertainty, predicted massive job losses (estimated to be over 400,000) in all sectors and particularly in the mining, forestry, constructions, and manufacturing industries, small to medium, size businesses are finding it ever increasingly difficult to obtain adequate financing to maintain their business operations and at best, to grow their business.

Who is at fault for our current economic woes?

May
12

Barter Economy

Posted In: Finance by Gregor Anton

According to Craiglist, during down economies in the past, growth in usage of the “barter” section of craigslist is accelerating, up more than 100% in the last year alone:

What is Barter?

According to Wikipedia, barter is “is a type of trade in which goods or services are directly exchanged for other goods and/or services, without the use of money. It can be bilateral or multilateral, and usually exists parallel to monetary systems in most developed countries, though to a very limited extent. Barter usually replaces money as the method of exchange in times of monetary crisis (emphasis added), when the currency is unstable and devalued by hyperinflation.”