Goal Setting

Are your goals and your dreams for your life written down? If not, they should be! I allow my mind to relax and focus on my dreams. I write them down, read them out loud, and rewrite them several times to confirm that I want to achieve them. This becomes my purpose in life. IContinue reading “Goal Setting”

HST simplified

As an accountant, here in Hamilton, Ontario, I have many of my clients ask questions about HST because they don’t understand it very well even though the Canada Revenue Agency (CRA) are doing a good job presenting the information. If you feel this way, you are not alone. HST HST is the harmonized sales taxContinue reading “HST simplified”

Sole Proprietorship vs Corporation

Many people want to know if they should incorporate or start a sole proprietorship (business). As an accountant, here in Hamilton, Ontario, I want to help people decide. I want to focus on some of the many reasons to incorporate; For the most part, whether you have a business or corporation, the concept of runningContinue reading “Sole Proprietorship vs Corporation”

Credit Cards! To use or not to use?

Credit Cards have many uses and can be beneficial and useful, but they can be harmful and detrimental to your financial wellbeing. It’s a double-edged sword; on one side, we get the benefits of deferred payments for a month, points to be used later, online purchase functionality, and the protection of buying products and services.Continue reading “Credit Cards! To use or not to use?”

Sell Sell Sell

The most important part of all businesses is the ability to sell. We can spend money easily and freely and we might think that spending can be challenging given that we need to spend in the right places for the right things, but without sales, we don’t have the money to buy things without dippingContinue reading “Sell Sell Sell”

The Search for Financial Freedom

I searched for years to determine what I truly wanted in life. When I discovered it, I also discovered that I needed to be financially free to achieve it. How do I become financially free and what is financial freedom? Financial Freedom I define financial freedom, a.k.a. financial independence, as having enough income to payContinue reading “The Search for Financial Freedom”

O Canada or Oh! Canada

I celebrated Canada Day and reflected on some of the people who make up our country.  This brought back memories of acquaintances who came to Canada for a better life. I spoke to many immigrants in my life but never met up with a refugee or at least no one brought to my attention thatContinue reading “O Canada or Oh! Canada”

Building Bravery or Business Blunder

Building Bravery or Business Blunder A client approached me the other day and asked me if he had to pay the HST on a purchase of a commercial building.  This brought to my attention that many of my clients ask the same question.  I hope realtors and purchasers of businesses and/or commercial buildings don’t blunder.Continue reading “Building Bravery or Business Blunder”

Where is my business going?

I visited the Concession Street Fest on the weekend, and the energy and friendly people in their kiosks selling their products delighted me.  While I was there, I spoke to a few merchants about their business.  One person I spoke to said to me, and I quote “I don’t need an accountant, I’m too small.” Continue reading “Where is my business going?”

What to do with a review letter from CRA?

The answer to this question is not as stressful as some people think.  The Canada Revenue Agency (CRA) is simply asking for confirmation of information.  It is best to read the letter to determine if it’s an audit or simply a review.  The audit will request information and an appointment to review your information whileContinue reading “What to do with a review letter from CRA?”