The Quick Method for HST is a simplified way for eligible small businesses in Canada to calculate and remit GST/HST to the CRA. Instead of tracking input tax credits (ITCs) on most expenses, businesses remit a reduced percentage of the HST they collect. For some businesses, the Quick Method can reduce bookkeeping work and improve […]

Financial statement services do more than help businesses meet compliance requirements. They can also support financing applications, improve decision-making, and provide stakeholders with confidence in a company’s financial information. Many business owners are unsure whether they need a compilation, review, or audit engagement. Understanding the differences between these services can help businesses choose the right level […]

If you’re starting or managing a non-profit organization in Canada, it’s important to understand the difference between a not-for-profit organization (NPO) and a registered charity. While both operate without the goal of earning profits for members, charities must be registered with the CRA and can issue donation receipts, while NPOs generally cannot. Understanding these differences […]

Many small business owners spend too much time on manual bookkeeping, chasing receipts, processing payroll, and managing spreadsheets. Modern accounting technology can automate these tasks and provide better visibility into business finances. Accounting firms often help clients implement cloud-based tools that improve efficiency, reduce errors, and simplify day-to-day financial management. The right software can save […]

Many sports associations operate as not-for-profit organizations and rely heavily on volunteers to manage day-to-day operations. Because these organizations often do not earn taxable income, it’s common to assume there are no tax filing requirements. However, that isn’t always the case. Depending on your organization’s structure, assets, and sources of income, you may be required […]

Strong communities are built around strong local healthcare. As a proud sponsor of Georgetown Hospital Foundation and annual participants in the Walk or Run for Georgetown Hospital, supporting local healthcare initiatives is an important part of GBA’s commitment to the community., We recently sat down with Jennifer McNally, CFRE, AVP of Community Development at Oakville Hospital […]