Gift cards as an employee bonus

Gift cards as an employee bonus

If you’re thinking about giving a gift card to employees for the holidays or as part of an incentive program, you may want to think again. The CRA treats gift cards like cash. Even a $1 Tim Hortons gift card is taxable according to the CRA. CRA’s policy The...
2020 Year End Tasks for Small Businesses

2020 Year End Tasks for Small Businesses

As 2020 nears the end and another fiscal year begins, it’s important for small business owners to get their accounting in order. To keep it simple, I’ve rounded up my top 5 suggestions that small business owners should focus on. 1. Keep good accounting...