The Right Kind of Audit

  There are words that can strike fear into the heart of any business owner. Claim denied. Slow season. Business tax increase. Tariffs. All of these things can make you want to run for the hills, but none are likely to ruin your day quite so much as two simple words: “Tax audit”. Being audited can take a lot of … Read More

What is Accounting?

  Accounting has been called “the language of business”. We vaguely understand what accounting is; we hire accountants to take a look at our financial transactions, to help us understand the tax code, and to help establish permanent systems for recording transactions. What is accounting, exactly? The question is somewhat hard to answer because it can mean so many different … Read More

The Impact Fee

  In 2017, Winnipeg introduced a new by-law, the impact fee. This by-law introduces a fee on new developments in the City – presently, it only affects residential developments in certain areas, but it may be expanded to commercial developments and new zones soon (more on that later). In this brief post, we’ll go over the current cost of the … Read More

Accounting Before Tax Season

For most Canadians, we’re well away from tax season at this point, and everyone has breathed their collective sigh of relief. A lot of folks only think of accounting when tax season comes around, but accountants can be useful year round, for a number of different reasons. Whether you want an accountant for personal reasons, or for your business, there’s … Read More

Cooperatives in Manitoba

Back in 2013, Sobeys acquired Safeway Canada; in order to allow the deal to go through, the government stipulated that Sobeys would have to sell off some of their assets to other grocers. As a result, all throughout Winnipeg and Manitoba, you’ve likely see Co-op grocery stores, branded the same as the Co-op gas stations. These stores are owned by … Read More

SME Stats

  We want Winnipeggers to be excited about starting their own business. We’ve talked a lot about how small and medium sized enterprises (SMEs) are the lifeblood of Canada; today, we have the statistics to back it up. In January 2019, the Government of Canada released it’s Key Small Business Statistics. We’re going to pick out some of our favorites … Read More

Tools for New Winnipeg Entrepreneurs

  You’ve decided you want to start your own business. Congratulations! You’re going to become a part of one of the most important and influential sectors of Canada’s economy; there are niches and sectors that can only realistically be served by small to medium sized businesses, and with the right strategy and growth, you might end up becoming a large … Read More

Winnipeg Accommodation Tax

  The gig economy has radically shifted the way we all do business. Consumers have adopted these technologies rather quickly, running direct-to-consumer Etsy shops, using rideshare services to get around, and renting Airbnbs as a cheap way to explore the world. These changes are occurring rapidly; meanwhile, governments are, by their very nature, slow to modify their behaviour. The legislative … Read More

Gig Economy Taxes

You’ve probably heard the buzz: in the 21st, we’re transitioning to a gig economy. There are advantages and disadvantage to this new economy; on the one hand, work-life balance is much easier to achieve when you’re working as a freelancer. On the other hand, being your own boss requires a good amount of discipline, and your work probably isn’t providing … Read More

What’s in An Audit?

  Audits are a much-maligned, oft-feared, absolutely necessary part of our tax system. They have been vilified to the point that hearing the word “audit” elicits shivers down the spine, audible gasps, and resigned head-shaking. That level of vilification can make it hard to appreciate what exactly an audit is; why they exist, what the process looks like, and what … Read More