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BATT#14: February Deadlines for Business

Created: 12 Feb 2018  / Categories: Uncategorized

All businesses share a deadline each February to file their T-slips (T4 and T5, etc.) for employees, investors and other. This is a key part of our tax process and carries steep penalties if ...

BATT#13: I Started a New Small Corporation – When Do I Have To Pay Taxes?

Created: 09 Feb 2018  / Categories: Knowledge

If I've started a new small corporation or business, when do I pay my corporate tax and filing my tax return? In today's BATT, McRally will give you a primer on corporate tax deadlines in Canada.

BATT#12: Do I need a bank account for my freelance business?

Created: 08 Feb 2018  / Categories: Knowledge

If you're running a freelance business what's the best way to keep track of your money. Should you keep your old bank account or start a new one? Turns out, it all depends.

Congrats to friend of the firm, Tanya Nguyen!

Created: 06 Feb 2018  / Categories: Press

Congrats to Tanya Nguyen who successfully completed the CPA exam this year and graduated this past weekend. She passed one of the most difficult professional exams in the world this year, the CFE.

McRally Becomes a Gold Xero Partner!

Created: 01 Feb 2018  / Categories: Press

McRally is excited to announce we're the newest Gold Partner in the Xero family!

Canadian Tax Focus #2: Taxation of Cryptocurrencies

Created: 31 Jan 2018  / Categories: Knowledge

Are cryptocurrencies money or commodities under Canadian tax? When do I have a taxable event related to my cryptocurrency? Canadian Tax Focus #2 will help you find out.

Canadian Tax Focus #1: Trading in Securities

Created: 30 Jan 2018  / Categories: Knowledge

Is your trade going to be viewed as income or capital? Are you a trader in securities. Our Canadian Tax Focus series will help you understand the issues and bring the right facts to your tax ...

BATT#11: Salary versus Dividends

Created: 29 Jan 2018  / Categories: Knowledge

For an incorporated business owner, whether to be paid in salary versus dividends is always a top question – and one that interestingly always seems to draw a strong, definitive

BATT#10: Planning to Pay Your Taxes

Created: 25 Jan 2018  / Categories: Knowledge

Thinking ahead to paying your tax bill through the year is very important.  It’s easy when bills are coming and you need to pay yourself as a business owner to

BATT#9: The Aged Accounts Receivable Report

Created: 24 Jan 2018  / Categories: Knowledge

If there is one thing you need to keep up to date as a business owner is your accounts receivable balance, or sub-ledger.  This means you’re invoicing out of your