Financial Tips
Why Correctly Recording Shareholder Loan Payments is Crucial for Business Owners
Givens LLP > Financial Tips Why Correctly Recording Shareholder Loan Payments is Crucial for Business Owners Givens LLP | October 29, 2024 SHARE For many small business owners, especially those who are also shareholders, it’s not uncommon to draw money from the business to cover personal expenses. Whether it’s to cover an emergency or…
Read MoreUnderstanding the CRA’s Capital Gains Changes & Their Impact on Your Business
Givens LLP > Financial Tips Understanding the CRA’s Capital Gains Changes & Their Impact on Your Business Givens LLP | Sept 27 2024 SHARE The Canada Revenue Agency (CRA) has recently announced changes to the capital gains tax, igniting significant discussions among business owners, investors, and tax professionals. The most striking of these changes…
Read MoreMaximizing Your Side Hustle: Tax Implications and Best Practices
Givens LLP > Financial Tips Maximizing Your Side Hustle: Tax Implications and Best Practices Givens LLP | Sept 27 2024 SHARE In Canada, side hustles have become a popular way to supplement income, whether through freelancing, selling goods online, or driving for rideshare platforms like Uber. However, earning extra income also comes with important tax…
Read MoreEffective Financial Reporting: What Is It and Why Do You Need It?
Givens LLP > Financial Tips Effective Financial Reporting: What Is It and Why Do You Need It? Givens LLP | May 23, 2023 SHARE The ability to determine your company’s financial health is a crucial skill for any entrepreneur for several reasons. From making decisions about the direction and allocation of resources for your business…
Read MoreUnlocking Business Success: A Guide to Choosing Effective KPIs
Givens LLP > Financial Tips UNLOCKING BUSINESS SUCCESS: A GUIDE TO CHOOSING EFFECTIVE KPIs Givens LLP | May 19, 2023 SHARE In the world of business, Key Performance Indicators (KPIs) play a crucial role in measuring and monitoring the performance of various aspects of your business. Similar to how a compass guides you on a…
Read MoreThe 2023 Federal Budget: Key Tax Changes
Givens LLP > Financial Tips The 2023 Federal Budget: Key Tax Changes Givens LLP | April 13, 2023 SHARE Budget 2023 Summary On March 28, 2023, Deputy Prime Minister and Federal Finance Minister, Chrystia Freeland, tabled the federal budget for 2023-2024. The budget announced that deficits of $43 billion for the fiscal year 2022 –…
Read MoreCommunication & Tips For Your Sales Process: From Pitches To Riches
Givens LLP > Financial Tips Communication & Tips For Your Sales Process: From Pitches To Riches Givens LLP | February 23, 2023 SHARE How Do You Communicate Well in Sales? The biggest mistake a salesperson can make is forgetting the conversation starts with the prospective client, and not the product. Since growing your business is…
Read MoreWorking Parents Benefit
Givens LLP > Financial Tips Working Parents Benefit Givens LLP | February 27, 2021 SHARE COVID-19: Alberta Provincial Government – Alberta’s Income Support On February 24th, 2021, the Alberta Government released a new benefit for working parents. The following is a brief summary of the benefit and the eligibility criteria required. There are ongoing changes…
Read MoreCanada Emergency Rent Subsidy (CERS)
Givens LLP > Financial Tips Canada Emergency Rent Subsidy Givens LLP | December 10, 2020 SHARE Canada Emergency Rent Subsidy (CERS) The subsidy is available starting September 27th and covers 4-week periods until ending in June 2021. This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords. In summary: Amount is…
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