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In this final installment of our Balance Sheet series, we tie everything together with a comprehensive overview of how Balance Sheets are structured, what they reveal about a business, and the key ratios used to analyze financial health. Learn how to read and interpret this essential financial statement.

Capital gains play a major role in Canadian tax planning—especially when selling investments, real estate, or other capital property. This blog explores how capital gains and losses are calculated, reported, and taxed, with practical examples and planning strategies to help you minimize tax and stay compliant.

Owning a rental property in Canada can be a solid investment, but it comes with important tax obligations. In this post, we dive into how to properly report rental income, which deductions landlords can claim, and key considerations like capital cost allowance, change in use rules, and common tax pitfalls. Learn how smart tax planning can protect your profits.

Equity is more than just a line on your balance sheet—it tells the story of your financial investment and progress. In this blog, we break down equity across sole proprietorships, partnerships, and corporations, explaining key accounts like retained earnings, owner's capital, and share structures in simple terms.

Learn how Canada taxes foreign income, handles withholding taxes, and uses foreign tax credits to avoid double taxation.

Learn how eligible, non‑eligible, and foreign dividends are taxed in Canada and optimize your investment strategy.

In this part of our Financial Statement Series, we dive into long-term liabilities on the balance sheet. Learn about notes payable, long-term loans, amortization schedules, and capital leases — essential knowledge for understanding your business’s financial health.

Running a business comes with plenty of challenges, and knowing the right steps to take with your accounting and taxes can be overwhelming.

Manage your Canadian tax slips effectively to file accurately and maximize your deductions.

Discover how different income sources flow through the Canadian tax system and impact your deductions, credits, and overall tax strategy.

Learn why long-term assets are vital, what depreciation is and how to calculated it, and how a PPE schedule supports your business.

Gain a clear understanding of individual taxation in Canada, from income tax basics to deductions, credits, and tax brackets.

Master Canada’s tax basics, deductions, credits, and planning tips in our concise individual taxation series.

Understanding current liabilities & key ratios can help you manage cash flow. Read more to learn about current liabilities and ratios.

Master your Balance Sheet! Learn how assets, liabilities, and key financial ratios impact your business success. #AccountingTips

New series: Explore balance sheets, income statements, and cash flow. Learn how they work together with strong internal controls.

Discover how accountants offer strategic guidance beyond mere number-crunching in today's evolving economy.

Canada has deferred the capital gains inclusion rate increase to 2026. Key exemptions remain—learn how this impacts your taxes.

Get ready for a CRA tax audit with this comprehensive guide on organizing records, understanding your rights, and navigating the process.

Starting a new business? Proper accounting practices are key to long-term success. Discover five critical tips to manage your business.