How to Claim Meals and Entertainment Expenses

How to Claim Meals and Entertainment Expenses

I feel like I’m part of a cool club when I get to charge my restaurant or pub bill to the company card.  Big tip? Sure, why not - it’s a write-off anyway, right?  Well, those probably are eligible business expenses, but there are a few quirks when claiming meals and entertainment expenses.  Tell us more you say? Ok, strap in because it’s about to get wild! ... or at least educational.

The 3 Essential Elements to a Life-changing Business

The 3 Essential Elements to a Life-changing Business

What is the perfect business? For me, it’s an entity that provides its owners with time, money and purpose. It’s a business that has processes in place to allow the owners to work at their highest and best level for portions of the week that are sub-superhuman. It knows its work so well that problems are anticipated and dealt with before they become catastrophes. It provides its workers and its owners with a higher purpose - making the world a better place in large or small ways.

How to Get Free Money for Your Canadian Business

How to Get Free Money for Your Canadian Business

Running a business can be tough, but luckily there are programs that provide financial support to help ease the burden. There are many terms that basically mean the same thing: grants, tax credits, non-repayable or forgivable loans, awards, contributions, subsidies, and rebates.  It may be a simplistic view, but I like to think of all of these as free money for businesses. This article will describe a few of our favourite free money options.

What’s the GST Quick Method and Should I Use it?

What’s the GST Quick Method and Should I Use it?

GST is a bit of a pain (although less of a pain than our antiquated PST here in BC, but that’s a post for another day - thanks Bill Vander Zalm!). It’s one more thing in a long list of to-dos for any small business owner and we like to make lives a bit easier where we can, so this article will showcase one of CRA’s legal short cuts and help you decide whether it’s for you.

Can I claim Scientific Research and Experimental Development (SRED) Tax Credits?

Can I claim Scientific Research and Experimental Development (SRED) Tax Credits?

The Scientific Research and Experimental Development program, SRED for short, is a tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada.  

This article will help you to understand:

  • If your business is eligible to claim SRED tax credits

  • What types of expenditures qualify for the program

  • How to claim SRED credits

  • How much you can expect to receive from the SRED program,

  • Costs of claiming SRED credits and other factors to consider.