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Welcome to the Avalon blog.

As part of our ongoing effort to support new and small business owners, we regularly publish articles that aim to resolve common questions and problems.

Tax Installments Explained - A Guide for Canadian Business Owners

In this article, we break down exactly what tax installments are, who needs to pay them, and how to stay on top of them.

Compliance

Paul Sharpe, CPA, CA

2025 Tax Deadlines Canada: When Are Corporate and Personal Taxes Due?

Corporate Tax

Paul Sharpe, CPA, CA

Ownr Review: Easily Incorporate a Business in Canada with Ownr

Building a Business

Paul Sharpe, CPA, CA

How Much Will Bookkeeping and Accounting Cost for My Small Business?

Accounting

Paul Sharpe, CPA, CA

Shareholder Loan: Understand it and Avoid Trouble with the CRA

Corporate Tax

Paul Sharpe, CPA, CA

Should I Incorporate? The Pros and Cons of Incorporating your Business

Building a Business

Paul Sharpe, CPA, CA

Employee Gifts - Tax Implications of Giving Gifts to Staff

Payroll

Paul Sharpe, CPA, CA

Salary Vs. Dividends: How to Pay Yourself from Your Corporation

Corporate Tax

Paul Sharpe, CPA, CA

Holding Company in Canada: What is it for?

Corporate Tax

Paul Sharpe, CPA, CA

CEBA Loan Repayment Deadline and Guide

Finance

Paul Sharpe, CPA, CA

How Personal Taxes Work in Canada

Personal Tax

Paul Sharpe, CPA, CA

How to use the CRA My Business Account

Compliance

Paul Sharpe, CPA, CA

Canadian Small Business Bookkeeping Guide

Bookkeeping

Paul Sharpe, CPA, CA

Free Bookkeeping Template - Bookkeeping in Excel or Google Sheets

Bookkeeping

Paul Sharpe, CPA, CA

Payment Methods for Small Businesses in Canada

Finance

Paul Sharpe, CPA, CA

ALL ARTICLES

All Categories

Corporate Tax

TOSI Rules When Paying Dividends to Your Spouse

This article will explain what tax on split income (TOSI) rules are. Specifically, we’ll look at how TOSI rules affect your ability to pay dividends to your spouse and adult family members.

Accounting

Online Accountants In Canada: Who Are They and How Are They Different?

This guide will explain how online accountants are different from traditional, bricks and mortar accounting firms. It will also list and compare some of the well known online accounting firms in Canada.

How Much Money Do I Need to Start My Business?

A big part of launching your business is understanding how much cash you’ll need to bridge the gap between the time when all you have are expenses to when your sales start to cover your expenses (and more).

Customer Stories

Gaining Real Momentum

Discover how outsourcing accounting can free up your time, enhance clarity, and drive growth so you can focus on what truly matters for your business success.

Building a Business

Accelerate Your Growth With Accountability

No doubt there's a lot that goes into growing a successful company. You build a great product or service that people love. You have an awesome team and culture. You have processes to deliver consistent results. But one of the most important and often overlooked elements to growing a successful business is having someone to keep you accountable to your goals.

Sales Taxes

Do I Have to Collect HST?

Let’s talk about HST collection! If you’ve started a business or are self-employed, you may have to collect HST on your sales. This article will quickly explain what HST is and will help you determine whether you need to collect it.

Technology

Xero Looks Different! A Quick Guide to the New Menu Layout

Xero has changed the layout to their menus so that we can more easily access the information and modules that are used most. It might take a bit of getting used to, but here is Mark to save the day with a short video on the new layout.

Avalon

The Movies of Avalon

It’s rainy today and kind of grey outside, reminding me that November and December often have less than a handful of sunny days here in Victoria. So, instead of writing about tax rules or accounting tips let’s have some fun and go to the movies!

Accounting

Xero Vs. QuickBooks Online: Which Is Better For Your Canadian Business

Xero or QBO? If your small business is looking for full-featured, cloud-based accounting software, there is a good chance that you will be choosing between Xero and QuickBooks Online (QBO). This article will provide a high-level comparison of the two options.

Human Resources

Do I Need to Register with WorkSafe BC?

You’ve likely heard of WCB coverage, or WorkSafe BC as it’s now called in British Columbia. This short article will explain three things about WorkSafe BC: When you need to register for WorkSafe BC coverage, How to register for WorkSafe BC, and What your reporting requirements are once registered.