Explore Small Business Finance Topics
Discover our most popular topics for Canadian solopreneurs and small business owners. From income tax and GST/HST to QuickBooks tutorials and managing your business finances, these guides are designed to help you move from financial uncertainty to financial confidence.
Click on any topic and scroll down to see related articles.
📑Canadian Income Tax
Guidance on filing and planning your Canadian taxes, from T1 and T2 returns to instalments
📊Managing Business Finances
From cash flow to pricing and metrics — learn to manage your business finances with confidence.
🏢 Canadian Business Structure
Should you incorporate? Stay informed on sole proprietorships, corporations, and registrations.
💰 GST/HST & QST
Understand how to register, file, and maximize input tax credits while avoiding common mistakes.
🧾 Guides and Tutorials
Practical accounting processes like reconciliations, journal entries, and reporting.
📝 Deductions & Expenses
Learn which expenses are deductible and how to track them for maximum tax savings.
Quebec Taxes & Business
QST, Revenu Québec filings, Quebec payroll, and provincial rules every entrepreneur should know.
👤 Paying Yourself
Salary vs dividends, management fees, and how to pay yourself from your corporation or small business.
💻 QuickBooks Online & Tools
Tutorials, guides and time-saving tips for using QuickBooks Online effectively.
🏦 Money & Personal Finance
Personal finance strategies for entrepreneurs, from RRSPs to saving for taxes.

Tips and Tools for Working from Home
Having a home based business has many advantages - there's no wearying commute to and from work, our sleep schedule is not beholden to an alarm clock and it allows us to work, if we so choose, when we are at our most productive or creative. An additional benefit is that expenses relating to our home office are tax deductible. Working from home can, however, also present a unique set of challenges. Given the proximity of distractions including our beds, fridges , tvs and perhaps worst of all, our computers, it requires a great deal of discipline and focus to actually get any work done.

3 Online Accounting Software Options for Small Business
As cloud computing becomes ubiquitous, the number of cloud based online accounting software options continues to grow. Many small business owners want a software that has an intuitive and easy-to-use interface that allows them to bill customers, enter expenses, record bank transactions and generate financial statements and other reports,. We also want to be able to access the software from anywhere (you never know when the desire to do your accounting strikes!) and not be tied down to a specific location Below is a summary of 3 cost effective, multi functional alternatives :

Quickbooks Online Banking: Setting Up, Deleting Matched Transactions and Manually Uploading Web Connect or Excel Files
Is Wave Accounting Software a Good Fit Your Small Business
5 Notable Disclosures in Groupon’s Financial Statements and What They Mean.
Since Groupon first submitted its S-1 filing in June, 2011, there has been a wave of negative sentiment around Groupon’s upcoming IPO. Many analysts believe that not only is Groupon not a good investment at the approximate $20 Billion + that its IPO’s initial share price will value it at, but is in fact on the brink of insolvency. They are also some that do not believe that, in the long run, Groupon’s business model is profitable .
In an effort to determine whether Groupon is in fact a raging buy or, as alternatively presented, on the verge of insolvency, I have undertaken an analysis of their latest S-1 , which was filed with the SEC on August 10, 2011. The document, which is required by all companies who want to file an initial public offering, comprehensively reviews its operations, long term viability, business risks (which are numerous) and its financial condition. Some of the more interesting discoveries, as they relate to the 6 months ending June 30, 2011, are presented below:
Apple Vs Google: Comparison of Quarterly Results (Infographic)
20 Interesting Financial Facts About Google
How to Be Less Forgetful: 17 Task Tracking Tips for Business Owners
Memento (Chris Nolan’s masterpiece) is the story of a man who suffers from short term memory loss i.e. he can’t remember anything for more than 15 minutes. This makes his life somewhat complicated, in that he needs to come up with a system to track his memories. Interestingly it also simplifies it as having no memories allows him to live his life entirely in the present. One of the many brilliant aspects of the film is that every time you watch it, it is a slightly different movie, as the memory of it does what memories do – they fade and dissolve and meld with other memories leaving us with an impression which is different from the actual events as they unfold. This is why eyewitness testimony is often unreliable, and individuals’ recollections tend to vary significantly.
Our particular ability to remember … and forget is unique to all of us. Some of us never forget a face while being hopeless with names. Others have trouble with appointments or where we left our keys. I often have trouble finding the right word or forget the entire plot of a movie or book. (Not to mention chunks of my life that are completely missing). Unfortunately , these memory malfunctions tend to get worse with age, so it is important to find ways to fend them off. From a work and business perspective, forgetting something important can have severe consequences. Below are some ideas to help you keep track of your tasks: