When in warehouses, supplies are kept on shelving units, some of which can be very tall. An order picker is someone who uses order picking machinery to pick and deliver items from these shelves. You may also hear this machinery referred to as an order picker as well. Human order pickers often use mechanical order …
There are times we need signatures to seal agreements, contracts, and any other essential documents in every business. We also need to sign application forms and information forms because they verify our identities. Lastly, banks may require their clients for signature specimens for security and verification purposes. However, there are times that our electronic signatures …
Running a business is expensive. Even if you’re running a sole proprietorship (just you), there are startup fees and equipment you need to run your business. If you get into physical space and hiring employees, then running your business gets extremely expensive. Canada’s tax laws give companies access to something called a “capital cost allowance” (CCA). …
ASPE, or Accounting Standards for Private Enterprises, is a relatively new concept designed to make accounting simpler for small to medium-sized business owners. While some small business owners choose to stick to IFRS (International Financial Reporting Standards), switching over to ASPE is in the best interest of most small businesses. Let’s take a closer look …
What is Accounting Standards for Private Enterprises (ASPE)? Read More »
Once you have employees in your organization, you will be required to prepare a payroll that’ll enable you to pay their wages. This payroll depends on the agreement between the employer and the employee. Sometimes, it also depends on the rules governing wages in the organization. Choosing a payment schedule can be a hassle for most employers …
If you want to start a Corporation of any kind in Canada, you’ll need to obtain a copy of your Articles of Incorporation. You may also hear these referred to as “Articles of Association”, “Corporate Charters” or “Certificates of Incorporation”. Let’s talk more about Articles of Incorporation, answering some commonly asked questions and informing you …
How to Obtain a Copy of your Articles of Incorporation in Ontario Read More »
So you’re thinking about starting a business in Ontario – Great! Ontario is a great place to start a business. In fact, it’s one of the best places in Canada to create a new business. With a population of over 14.5 million people and some of the highest personal incomes in Canada, there are lots …
In Canada, anyone who owns a small business is required to pay income tax on that business. For tax purposes, the Canadian government defines a business as any “activity where there is a reasonable expectation of profit and there is evidence to support that intention”. If you own your own business in Canada, you are …
What is the Small Business Tax Rate in Canada? Read More »
The PayPal platform has gradually become a household name after standing the test of time. It is one of the most secure, safe, and accessible channels for both vendors and buyers to make and accept online payments. Although the payment method is swift and straightforward, there are possibilities of disagreement and disputes. There are tons …
Trying to find the best business credit cards in Canada can be tricky because most financial institutions provide credit cards with unique functions and advantages. The best business credit card ultimately boils down to the type of business you run, how often you travel (for airport lounge access or rental perks), and whether you prefer …
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