February 16, 2017

This guest blog post is provided by the Canadian Food Inspection Agency (CFIA). The CFIA is dedicated to safeguarding food, animals and plants, which enhances the health and well-being of Canada’s people, environment and economy. If you read our last blog post, you know that your food business may be impacted by the proposed Safe… Read more »

February 13, 2017

Thinking of starting a business? Discover the difference between a business model and a business plan. Taking steps to determine how you set up and execute your business ideas can help in the success of your new venture. Business model There are many types of business models that you could adopt. Some examples are: Manufacturer… Read more »

February 6, 2017

In your day-to-day life, or through your social media channels, you may have noticed a movement towards becoming more mindful. Whether you call it meditation or unplugging or becoming centered, can adopting a more mindful approach benefit you as an entrepreneur? Can all businesses benefit from being mindful? The answer is yes! The process does… Read more »

February 2, 2017

What is the No. 1 tool a business needs to compete successfully in today’s marketplace? A recent survey conducted by the Canadian Association of Marketing Professionals highlights the importance of a responsive website. The Canadian Marketers 2016 Outlook Survey, which questioned more than 200 marketing professionals, revealed that the “No. 1 activity contributing to marketing… Read more »

Lift Accounting
January 27, 2017

When you operate as a Sole Proprietor or Partnership the profit that you make is added to your personal income on your T1 Personal Income Tax Return.  The business income which you earn and business expenses which you incur are added to form T2125 “Statement of Business or Professional Activities”.  The net income (loss) from… Read more »