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Maximizing Your Home Office Tax Deductions: A Comprehensive Guide0

Posted On February 29, 2024, by Trevor Buttle

Even as today’s work landscape continues to evolve with the return to office, a home office continues to play an important role.  Whether you are a freelancer, a small business owner, or a remote work employee, knowing the intricacies of home office tax deductions is essential for optimizing your financial affairs. In this comprehensive guide, […]

Unlock Your Retirement: Smart Exit Strategies for Entrepreneurs0

Posted On February 22, 2024, by Trevor Buttle

As a small or medium-sized business (SMB) entrepreneur, planning for retirement is not just a personal milestone; it is a pivotal business event. With a significant portion of Canada’s SMB owners approaching retirement age, as highlighted in recent studies, the need for strategic retirement planning is more critical than ever. This article delves into the […]

Understanding Trust Reporting Rules in Canada: What You Need to Know This Tax Season0

Posted On February 8, 2024, by Tracey Bastedo

New for the 2023 tax year, the Canada Revenue Agency (CRA) has introduced significant changes to trust reporting rules. These changes have expanded the scope of required reporting, including a notable inclusion of bare trusts that did not have to file in the past. There are many common situations that may constitute reportable bare trusts, in […]

Why Would a Sole Proprietor Want to Incorporate?0

Posted On February 1, 2024, by Trevor Buttle

Businesses in Canada can be structured in three ways — sole proprietor, partnership, or incorporation. In order to decide which option is the right one for your business at any given time, you need to better understand the pros and cons of the different structures. Sole Proprietorship vs Incorporation The definition of a sole proprietorship […]

Navigating the Complex World of Personal Services Businesses (PSBs)0

Posted On January 25, 2024, by Admin

Running a business in Canada involves a myriad of financial intricacies, and one aspect that often perplexes entrepreneurs is understanding and mitigating the risks associated with Personal Services Businesses (PSBs). Let’s delve into what PSBs are, the general tax risks they entail, and the latest updates you need to be aware of. What is a […]

Milestones and Excellence: Celebrating Managerial Promotions at GBA LLP0

Posted On January 19, 2024, by Trevor & Tracey

Recognizing and celebrating the accomplishments of our team members is a cornerstone of our values at GBA. As we celebrate a new year, we are thrilled to share the news of two new promotions that reflect not only individual achievements but also the continued growth and success of our firm. Managerial Promotions:   We are […]

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