Cash flow is the lifeblood of any small business. Effective cash flow management is crucial for sustaining and growing your enterprise. At Proactive Accountants Inc., we understand the significance of this and are here to show you how our small business accountants can be your financial lifeline.

As a small business owner, your plate is always full. Managing your finances effectively is vital for long-term success. In this blog, we'll explore the unique accounting needs of small businesses and how our expertise at Proactive Accountants Inc. can make your journey smoother.

One of the benefits of being an owner or executive for a company has been having the use of the company car. For years it was a wonderful benefit basically ignored by our tax system. It has now become a tax trap for the users of these vehicles. Canadian tax law says that the use of a company owned vehicle is a taxable benefit to the user. The user of a company car should calculate the annual taxable benefit of the car and put it on his/hers T-4. It will then be taxed at the top marginal rate of the taxpayer.

Due to the Covid pandemic, the Canada revenue Agency has made some tax changes to the home office expenses allowed on personal tax returns. Many taxpayers can now use a simplified method of claiming these expenses on their personal tax return.

We are delighted to announce the launch of our new website!

New Website Coming Soon!