The Capital Dividend Account lets Canadian private companies pay tax-free dividends to shareholders. It’s a super easy way to hold onto your cash. A 2024 CFIB study says 72% of business owners skip this tax-saving trick. If you own a…
Form W-8BEN challenges many seeking global income. Tax forms worry even experienced earners. Errors cost a lot. The IRS collects over $10 billion yearly from missing or incorrect paperwork. Complex rules shouldn’t reduce your profits. This 2025 guide from SAL…
Cash flow problems can hurt small businesses—82% fail because of them. Small business bookkeeping software keeps finances simple and organized. These bookkeeping tools for small businesses save time, ensure CRA compliance, and streamline GST/HST returns. Affordable bookkeeping software Canada trusts…
For US citizens coming to Canada for work, study, retirement, or family, picking the right bank is really important. About 75,000–85,000 Americans were in Canada in 2024, and many manage finances across the border. High fees, currency exchanges, and US…
A CRA business account lets Canadian business owners manage taxes, payroll, and filings online. The Canada Revenue Agency switched to digital notices by May 2025. Over 80% of Canadian businesses already use My Business Account CRA to stay compliant. This…
Canadian entrepreneurs dream big, just like the 449,000+ new businesses that launched in the US in April 2025, many as Limited Liability Companies (LLCs). You may also wonder what LLCs mean for your business plans. We at SAL Accounting explain…
Form 1099-K is crucial if you sell stuff on Etsy, eBay, Amazon, Shopify, or other platforms. This IRS form shows all the payments you got from these sites. It helps the IRS track your online sales. In 2024, Etsy had…
Small businesses in Canada fuel the economy, but many pay more tax than needed. The Canada Revenue Agency notes that a small business earning $500,000 in Ontario can save $71,500 annually (up to 54%) through the small business deductions. This…
New York calls Canadian entrepreneurs in 2025 with its lively economy and global possibilities. Over 1,700 international companies run here, with more than 500,000 workers, which creates a top spot for foreign businesses. Great trade deals, like the USMCA, ease…
The Global Minimum Tax, part of the OECD’s BEPS 2.0 plan, affects businesses that send money between Canada and the U.S. Canada’s 2024 budget predicts this tax will add over $6 billion over three years from 2026. This creates a…