HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

Cathy asked: I run a private home daycare an am looking for information on how to claim the food I buy on my taxes. I heard there is a formula but I can't find one and I keep receipts but sure missed

lots too.

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Jonathan MacKenzie is a lawyer who works with Small Businesses and Entrepreneurs at Aluvion. Aluvion is a new type of law firm that focuses on transparent, fixed rate billing to deliver affordable legal solutions in a timely manner.

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Power-Up your business know-how sales & reach MemberZone is your success engine empowering you with exclusive access. to smart tools, premium content, media coverage and free advertising!

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Kevin asked: I am in the process of opening an electrical contracting business in Ontario. As I am filling out all my papers for the Electrical Safety Authority and my account for the supplier, one is asking for an RST number or a vendor permit number, which I was told is PST, yet the supplier is BUYING A COMMERCIAL BUILDING

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Chris asked: I plan to form a partnership in Nova Scotia Canada with some friends. We will each contribute to buy a property - 30 acres in NS which we will then sub divide. HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND If filling out forms, performing name searches and paying registration fees is something you\'d like to avoid, then you might try registering your business in Newfoundland. Writer Melissa Cotton discovered that none of these annoying procedures are requir SELF-EMPLOYED AND CONTRACT EARNINGS: HOW-TO FILE YOUR Did you earn income outside of your regular day job in 2012 that won\'t be reported on the T4 from your employer? This article explains how to declare your contract and/or self-employment income on your

2012 tax return.

HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

Cathy asked: I run a private home daycare an am looking for information on how to claim the food I buy on my taxes. I heard there is a formula but I can't find one and I keep receipts but sure missed

lots too.

ASK AN EXPERT

Jonathan MacKenzie is a lawyer who works with Small Businesses and Entrepreneurs at Aluvion. Aluvion is a new type of law firm that focuses on transparent, fixed rate billing to deliver affordable legal solutions in a timely manner.

ASK AN EXPERT

Power-Up your business know-how sales & reach MemberZone is your success engine empowering you with exclusive access. to smart tools, premium content, media coverage and free advertising!

ASK AN EXPERT

Kevin asked: I am in the process of opening an electrical contracting business in Ontario. As I am filling out all my papers for the Electrical Safety Authority and my account for the supplier, one is asking for an RST number or a vendor permit number, which I was told is PST, yet the supplier is BUYING A COMMERCIAL BUILDING

ASK AN EXPERT

Chris asked: I plan to form a partnership in Nova Scotia Canada with some friends. We will each contribute to buy a property - 30 acres in NS which we will then sub divide. HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND If filling out forms, performing name searches and paying registration fees is something you\'d like to avoid, then you might try registering your business in Newfoundland. Writer Melissa Cotton discovered that none of these annoying procedures are requir SELF-EMPLOYED AND CONTRACT EARNINGS: HOW-TO FILE YOUR Did you earn income outside of your regular day job in 2012 that won\'t be reported on the T4 from your employer? This article explains how to declare your contract and/or self-employment income on your

2012 tax return.

ASK AN EXPERT

Grants may be scarce, but if you own a heritage home in Ontario you may still have a few restoration assistance options, as our researcher

discovered.

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Power-Up your business know-how sales & reach MemberZone is your success engine empowering you with exclusive access. to smart tools, premium content, media coverage and free advertising! ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Financing Definitions: Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities and owner's equity. Break-even: Break-even point represents the volume of VALUATION FORMULAS: THE INCOME METHOD Formulas for putting a value on a business: The Income Method. Looking at the asset value of a business can be complicated, as the numbers on the balance sheet may not accurately reflect the actual value of things like building and equipment after depreciation, or land value

if

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A CanadaOne Ask-The-Expert question that addresses drawing salary or compensation from a corporation.

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Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

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Myra asked: In the USA when a company uses an independent contractor (an individual) for a service we issue a form 1099 to them at the end of the year so the gov't knows how much they earned.

ASK AN EXPERT

John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Presented by . There could be several reasons to consider buying new industrial equipment. You may wish to develop new lines of business, replace equipment that is reaching its end of life or save money by switching to more efficient equipment, both in terms of operating cost

and space used.

RELOCATING AN EMPLOYEE FROM CANADA TO THE UNITED STATES The key issue will be the impact of the move on the employee's residency status. If the move will cause the employee to cease Canadian residency, there are several questions that should be

considered:

CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires. PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires. PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING

ASK AN EXPERT

The individual asked: In Ontario, can an employer at his own discretion wipe out vacation days that are earned but not taken during the year and not pay the employee for them or not allow the employee to carry over unused vacation time to the following year?

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1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page. GRANTS AND LOANS FOR YOUNG ENTREPRENEURS IN CANADA Youth Social Innovation Capital Fund. This funding opportunity is for young entrepreneurs with a social or environmental goal. You may be eligible for loans up to $25 000 to start or grow a business. Loans range from $1000 to $10 000, with the option

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Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

BUYING A COMMERCIAL BUILDING: FINANCING OPTIONS There are many components to the purchase of commercial real estate. Evaluating the investment opportunity, selecting a location, building a team of experts to help with the purchase and of course, financing the purchase. In this article we take an in-depth look at financing options when purchasing a commercial building or real estate.

ASK AN EXPERT

Phone 519-725-2600 ext. 400. Fax 519-725-2484. Toll Free 877-725-2611. Visit us online at: www.mac-ca.com. Click here to go back to Ask-an-Expert index page. THE INS AND OUTS OF VACATION TIME & VACATION PAY The Ins and Outs of Vacation Time & Vacation Pay. By Mario Cywinski | June 30, 2007. Vacation pay regulations in Canada are not as straight forward as many Canadians might think. Each province has different rules and regulations with regard to the amount of vacation pay and time each person can take. This article was updated on October 14,

2016.

HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland. CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. A COMPREHENSIVE GUIDE TO BUYING A BUSINESS IN CANADA Our free guide covers the ins and outs of buying a business, from finding a business and deciding what type of business is best for you, to determining the value of the business, negotiating with the seller, making sure your legal bases are covered, and closing the deal.

EVENT DETAILS

June 09, 2021 Online Event Lesson 1: First-Time Founder Legal Strategies and Corporate Structure Brett & Josh kick things off by identifying key legal strategies for early-stage startups and discuss how to properly structure your company for investment (and how not

to).

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. GRANTS AND LOANS FOR YOUNG ENTREPRENEURS IN CANADA Youth Social Innovation Capital Fund. This funding opportunity is for young entrepreneurs with a social or environmental goal. You may be eligible for loans up to $25 000 to start or grow a business. Loans range from $1000 to $10 000, with the option

EVENT DETAILS

1 day ago · June 15, 2021 Online Event Lesson 2: Intellectual Property and Protecting Startup Value We're on a roll! In our second lesson, Brett and Josh are back to discuss Intellectual Property, how you can protect it, and why it matters to your startup's future (ability to raise investment).

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

BUYING A COMMERCIAL BUILDING: FINANCING OPTIONS There are many components to the purchase of commercial real estate. Evaluating the investment opportunity, selecting a location, building a team of experts to help with the purchase and of course, financing the purchase. In this article we take an in-depth look at financing options when purchasing a commercial building or real estate.

ASK AN EXPERT

1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page. CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITEBUSINESS ARTICLESGUIDES + TOOLSFIND A BUSINESSBUSINESS EVENTSCDN WIRE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. HAVE YOUR SAY: SEND EMAILS TO CANADA Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

ACCOUNTING 101: FINANCIAL TERMS GLOSSARY Accounting 101: Financial Terms Glossary. Assets: All items of value owned by a business or individual, such as cash, inventories, land, buildings. Balance Sheet: The financial statement that provides a snapshot of everything a business has and owes at one point in time. The total assets of the business equal the total of its liabilities

and

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar. A COMPREHENSIVE GUIDE TO BUYING A BUSINESS IN CANADA Our free guide covers the ins and outs of buying a business, from finding a business and deciding what type of business is best for you, to determining the value of the business, negotiating with the seller, making sure your legal bases are covered, and closing the deal.

EVENT DETAILS

June 09, 2021 Online Event Lesson 1: First-Time Founder Legal Strategies and Corporate Structure Brett & Josh kick things off by identifying key legal strategies for early-stage startups and discuss how to properly structure your company for investment (and how not

to).

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. GRANTS AND LOANS FOR YOUNG ENTREPRENEURS IN CANADA Youth Social Innovation Capital Fund. This funding opportunity is for young entrepreneurs with a social or environmental goal. You may be eligible for loans up to $25 000 to start or grow a business. Loans range from $1000 to $10 000, with the option

EVENT DETAILS

1 day ago · June 15, 2021 Online Event Lesson 2: Intellectual Property and Protecting Startup Value We're on a roll! In our second lesson, Brett and Josh are back to discuss Intellectual Property, how you can protect it, and why it matters to your startup's future (ability to raise investment).

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

BUYING A COMMERCIAL BUILDING: FINANCING OPTIONS There are many components to the purchase of commercial real estate. Evaluating the investment opportunity, selecting a location, building a team of experts to help with the purchase and of course, financing the purchase. In this article we take an in-depth look at financing options when purchasing a commercial building or real estate.

ASK AN EXPERT

1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page. HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page.

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page.

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar.

EVENT DETAILS

15 hours ago · June 15, 2021 Online Event Lesson 2: Intellectual Property and Protecting Startup Value We're on a roll! In our second lesson, Brett and Josh are back to discuss Intellectual Property, how you can protect it, and why it matters to your startup's future (ability to raise investment).

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

EVENT DETAILS

June 09, 2021 Online Event Lesson 1: First-Time Founder Legal Strategies and Corporate Structure Brett & Josh kick things off by identifying key legal strategies for early-stage startups and discuss how to properly structure your company for investment (and how not

to).

ASK AN EXPERT

Grants may be scarce, but if you own a heritage home in Ontario you may still have a few restoration assistance options, as our researcher

discovered.

ASK AN EXPERT

1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

She has participated in many high profile litigation matters, most recently as lead counsel to Air India at the Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182. Soma Ray-Ellis can be reached at (416) 599-9708 or soma@himprolaw.com .

Click here to

ASK AN EXPERT

Dave Rickards answered: There are differences between proprietorships, partnerships, and corporations. With a proprietorship you can basically draw money out of those as you see fit. What is taxable for tax purposes is not the money you're drawing out. The income is calculated either at the partnership or proprietorship level and then

that is

MASTERING BUSINESS DINING ETIQUETTE Linda Allan (lindaallan.ca), a certified management consultant in business etiquette, workplace conduct, codes of conduct and dress, explains that there are new standards to follow.Understanding them will help you feel more confident and in turn, improve your chances of making a good impression. Here is what you need to know to master the art of business dining. RELOCATING AN EMPLOYEE FROM CANADA TO THE UNITED STATES Relocating an Employee from Canada to the United States. As a business owner, expansion into the US market often begins with the relocation of a single employee. As the employer, you will need to be aware of the tax implications associated with this person's move. However, the tax issues that will be faced by the employee are quite diverse, and HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page.

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

HAVE YOUR SAY: SEND EMAILS TO CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

BUILDING A PRESS RELEASE: DISTRIBUTING YOUR NEWS RELEASE Once you have created your press release/news release you will want to distribute it to the media. This section of our free workshop will help you build a database of media contacts and understand how to distribute your release through the Wires.

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page.

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

BUYING A COMMERCIAL BUILDING HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

CANADAONE: CANADA'S HOW-TO SMALL BUSINESS INFORMATION SITE CanadaOne is a free just-in-time business resource for small businesses in Canada, with over 900 articles on how to start-up and grow a Canadian business. We also publish a Canadian business directory and Canadian business events calendar.

EVENT DETAILS

6 hours ago · June 15, 2021 Online Event Lesson 2: Intellectual Property and Protecting Startup Value We're on a roll! In our second lesson, Brett and Josh are back to discuss Intellectual Property, how you can protect it, and why it matters to your startup's future (ability to raise investment).

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

EVENT DETAILS

June 09, 2021 Online Event Lesson 1: First-Time Founder Legal Strategies and Corporate Structure Brett & Josh kick things off by identifying key legal strategies for early-stage startups and discuss how to properly structure your company for investment (and how not

to).

ASK AN EXPERT

Grants may be scarce, but if you own a heritage home in Ontario you may still have a few restoration assistance options, as our researcher

discovered.

ASK AN EXPERT

1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

She has participated in many high profile litigation matters, most recently as lead counsel to Air India at the Commission of Inquiry into the Investigation of the Bombing of Air India Flight 182. Soma Ray-Ellis can be reached at (416) 599-9708 or soma@himprolaw.com .

Click here to

ASK AN EXPERT

Dave Rickards answered: There are differences between proprietorships, partnerships, and corporations. With a proprietorship you can basically draw money out of those as you see fit. What is taxable for tax purposes is not the money you're drawing out. The income is calculated either at the partnership or proprietorship level and then

that is

MASTERING BUSINESS DINING ETIQUETTE Linda Allan (lindaallan.ca), a certified management consultant in business etiquette, workplace conduct, codes of conduct and dress, explains that there are new standards to follow.Understanding them will help you feel more confident and in turn, improve your chances of making a good impression. Here is what you need to know to master the art of business dining. RELOCATING AN EMPLOYEE FROM CANADA TO THE UNITED STATES Relocating an Employee from Canada to the United States. As a business owner, expansion into the US market often begins with the relocation of a single employee. As the employer, you will need to be aware of the tax implications associated with this person's move. However, the tax issues that will be faced by the employee are quite diverse, and HAVE YOUR SAY: SEND EMAILS TO CANADACANADA ONE TVNIAGARA OUTLETS CANADAPIER ONE CANADAWHAT EMAILS ARE AVAILABLEAMERICANS BUYING IN CANADADO I NEED CANADIAN MONEY IN CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING: FINANCING OPTIONSSMALL COMMERCIAL BUILDING DESIGNBUILDING INFORMATION ON COMMERCIAL BUILDIN…COMMERCIAL BUILDING CONSTRUCTIONCOMMERCIAL BUILDING DESIGN IDEAS There are many components to the purchase of commercial real estate. Evaluating the investment opportunity, selecting a location, building a team of experts to help with the purchase and of course, financing the purchase. In this article we take an in-depth look at financing options when purchasing a commercial building or real estate. BUYING A COMMERCIAL BUILDING DEMYSTIFYING THE GST / HST: CANADIAN TAX ESSENTIALS FORSEE MORE ON

CANADAONE.COM

HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

HAVE YOUR SAY: SEND EMAILS TO CANADACANADA ONE TVNIAGARA OUTLETS CANADAPIER ONE CANADAWHAT EMAILS ARE AVAILABLEAMERICANS BUYING IN CANADADO I NEED CANADIAN MONEY IN CANADA Yes No. Email Subject: Have Your Say is a free service. Letters are not reviewed. Each letter sent to the selected MPs contains a footer noting that our Have Your Say tool was used and also noting that the views of the sender in no way reflect the views and/or opinions of CanadaOne. In using this free service we ask that you be respectful

and

COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access AN IN-DEPTH GUIDE FOR INDEPENDENT CONTRACTORS IN CANADASEE MORE ON

CANADAONE.COM

ASK AN EXPERT

It explains what valid business expenses are; in your case, the portion of your food bill that applies to the daycare would be deductible. A special formula is used to calculate how much you can claim for meals and entertainment expenses. Typically you cannot claim more than 50% of your food expenses. However, a CRA bulletin explains

that there

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%. BUYING A COMMERCIAL BUILDING: FINANCING OPTIONSSMALL COMMERCIAL BUILDING DESIGNBUILDING INFORMATION ON COMMERCIAL BUILDIN…COMMERCIAL BUILDING CONSTRUCTIONCOMMERCIAL BUILDING DESIGN IDEAS There are many components to the purchase of commercial real estate. Evaluating the investment opportunity, selecting a location, building a team of experts to help with the purchase and of course, financing the purchase. In this article we take an in-depth look at financing options when purchasing a commercial building or real estate. BUYING A COMMERCIAL BUILDING DEMYSTIFYING THE GST / HST: CANADIAN TAX ESSENTIALS FORSEE MORE ON

CANADAONE.COM

HOW TO REGISTER A BUSINESS IN NEWFOUNDLAND To Incorporate, you must first get approval for your business name. This link outlines the guidelines for the Newfoundland Name Approval Policy. If you need to obtain a specific permit, for example, if you need an electrical permit or a food license, application forms can be obtained from Regional Offices around Newfoundland.

ASK AN EXPERT

Karen Yull answered: Some assumptions must be made to provide an answer to this question. Although it is noted that the purchase price of this property is $500,000, one individual will contribute $50,000 and the other two will contribute $200,000 each, for a total of

$450,000. I

COVID-19 GRANT AND LOAN PROGRAMS FOR CANADIAN SMALL BUSINESSES The minimum and maximum annual payroll required to access a CERB loan was recently changed to a minimum of $20,000 (from $50,000) and maximum of $1,500,000 (from $1,000,000) payroll in 2019. Small and Medium-sized Enterprise Loan and Guarantee program: (March 27, 2020) Export Development Canada (EDC) and BDC will help businesses access HELPING WOMEN IN BUSINESS SUCCEED Helping Women in Business Succeed. Accelerating Women is an exciting new pilot project designed to help women better access critical supports to help them start and grow successful companies.. Funded by Status of Women Canada, this is a pilot project funded by Status of Women Canada that is being conducted in York Region and Simcoe County,

Ontario.

PURCHASING INDUSTRIAL EQUIPMENT: CALCULATING THE RETURN ON Ideal Range: Higher percentages are more desirable, although the ideal range is dependent on the equipment. The Calculation: ROI = Net Income/ Cost of Investment. Example: Two years ago Joshua invested $65,000 into a digital printing press and has generated $95,000 in net revenues from the equipment. ROI: $95,000/ $65,000 = 146%.

ASK AN EXPERT

Lloyd Lindsay is a CA, a licensed Public Accountant, Chartered Professional Accountant, and a Certified Management Consultant. He completed the CICA In-Depth Tax Course in 1985 and has been in public practice for over 40 years. Also, from time to time, he teaches on a contract basis. Lloyd is a member of the Personal Computer Club of

Toronto

ASK AN EXPERT

A business may invoice anybody they want at any time they want. Actually enforcing payment of an invoice is a different story. The limitations period for civil actions in Canada is two years. This means that two years after the “cause of action” (the event that you want to sue for) took place you lose your right to sue the

person.

ASK AN EXPERT

1) If the service is rendered in Canada then Regulation 105 (Reg 105) is applicable. Reg 105 imposes a 15% withholding tax on fees, commissions or other amounts paid to a non-resident for services performed in Canada. Relief from Reg 105 is available if certain criteria are met (Waiver program in the Non-Resident Audit Section of

the Tax

ASK AN EXPERT

Bill asked: How does the Ontario Retail Tax Purchase Exemption Certificate work? If I am a reseller of purple widgets and buy from a distributor for resale am I exempt from paying the distributor PST/RST by submitting this to them with my order.

ASK AN EXPERT

About the author. John Mott is a chartered accountant and tax specialist with a private practice in mid-town Toronto. He provides tax, accounting and advisory services to individuals and small businesses. He may be visited online at: johnmott.com. Click here to go back to Ask-an-Expert index page.

ASK AN EXPERT

CRA requires a vendor to maintain sufficient documentary evidence regarding the exchange rate on the date of conversion, the method used, and the calculations for the tax to be paid, collected, deducted, or refunded; and4. Use a tax professional to determine which conversion method best suits your company. Click here to go back to

Ask-an-Expert

ASK AN EXPERT

Dave Rickards answered: There are differences between proprietorships, partnerships, and corporations. With a proprietorship you can basically draw money out of those as you see fit. What is taxable for tax purposes is not the money you're drawing out. The income is calculated either at the partnership or proprietorship level and then

that is

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