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.

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📑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.


What Types of Advertising/Marketing Expenses Can Small Businesses Deduct?

What Types of Advertising/Marketing Expenses Can Small Businesses Deduct?

In the past advertising for small business owners mostly involved ads for print, television or radio (a catchy jingle was always a good way to go), cold calling (rarely a pleasant experience), sending out flyers or courting potential customers at a conference.  Unfortunately, these types of advertising were problematic in that it is difficult to gage the direct impact of their effectiveness.  Additionally, they were often fairly costly, which can especially difficult for small business owners to afford. 

Over the past few years the avenues for advertising have grown exponentially. Many types of advertising don’t even cost anything, except time. You can buy ads on numerous social media outlets that appeal to your target market or if you want to go the free route, you can set up a social media account, post regularly and build an audience.  Alternatively, you can set up a website which you can then optimize so that google and other search engines display it when someone is looking for your product or service. Email newsletters are also another effective and direct way of reaching potential buyers.    One of the great benefits of these types of advertising is that you are better able to monitor the effectiveness of your chosen strategy.

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