Tag: business

PST Changes to Benefit Saskatchewan’s Farmers

Blog
Saskatchewan’s ministry of finance has announced several changes to its provincial sales tax (PST) regulations that are aimed at bringing better clarity, fairness, and consistency to the farming sector and its expenditure on goods. According to the Saskatchewan Cattlemen’s Association chair, Arnold Balicki, the changes, which are expected to cost…

Calls To Suspend Carbon Tax Implementation Rise

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As fuel prices continue to rise, there are growing calls for the Canadian government to put a freeze on the implementation of the carbon tax set to go into effect as of April 1. The planned increase will raise the federal carbon tax by 2.2 cents, pushing the total carbon…
cannabis

Excise Taxes Burdening Craft Cannabis Businesses

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Small cannabis growers are raising concern over high excise taxes that are being imposed on their businesses. According to growers like Dan Sutton of Tantalus Labs, craft businesses are paying as much as 30% in excise taxes on their top revenue lines. A figure that for some can even exceed…
issb

Canada Bids to Host ISSB Headquarters

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Finance Minister Chrystia Freeland has made a bid to have the International Sustainability Standards Board (ISSB) headquartered in Canada. The ISSB is a new global body established by the International Financial Reporting Standards (IFRS) Foundation to govern sustainability-related reporting. The body is set to be unveiled ahead of the COP26…
accounting

FreshBooks Secures US$130 Million in Funding for Expansion

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Accounting software provider FreshBooks is all set to boost its global expansion following a successful funding round that has netted it US$130 million. The company provides cloud accounting software solutions that aid small businesses in invoicing, receiving payments, filing taxes, and managing payroll. Its lead investors during this round include…

Passing Of Bill C-208 To See More Businesses Stay Within The Family

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It is good news for small family businesses, including farming and fishing enterprises, following the passing of Bill C-208. This Act proposes amendments to the Income Tax Act so that there are better tax terms when it comes to the intergenerational transfer of shares for qualifying corporations. The Bill has…
business

KPMG’s Finance Plus Brings Accounting Solutions Closer To Home For SMBs

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This week saw KPMG launch its Finance Plus cloud accounting product targeted at small to medium sized businesses (SMBs). It will help them to handle bookkeeping and financial reporting within the safety and convenience of the cloud. All that they update will be checked for correctness by an experienced KPMG…