Author: NVS Professional Corporation

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Advisory

SR&ED Tax Incentives – A Comprehensive Guide for Canadian Business Owners

The SR&ED program provides more than $3 billion in tax incentives to Canadian businesses annually. You don’t need to be a mega corporation with dedicated R&D facilities to apply. Innovating companies from any sector can carry out work that is eligible, with roughly 75% of the funds going to small businesses. Read our essential guide to learn more about these powerful tax incentives and how they can help your company drive growth and innovation.

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Tax

10 Common Tax Return Mistakes and How to Fix Them

Filing your tax return accurately and completely is crucial to avoiding penalties and potential CRA audits, while at the same time maximizing your tax savings. By being aware of the most common tax return mistakes and taking steps to fix them, you can save time, money, and future headaches! Read the full article to avoid these 10 tax pitfalls.

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Tax 2024 displayed in wooden blocks on top of tax forms surrounded by coins on a desk
Tax

Canadian Tax Changes 2024 – Part Two

The 2023 Budget and the Fall Economic Statement included a host of legislative and regulatory changes. In Part Two of our tax changes series, we take a look at the big developments set to shake up the Canadian tax landscape in 2024, from new trust reporting rules to long-awaited adjustments to the Alternative Minimum Tax and the elimination of short-term rental deductions.

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Businessman toppling tower of wooden block spelling the word Taxes
Tax

Canadian Tax Changes 2024 – Part One

2023 was a big one for the Canadian tax landscape, with the CRA and Ministry of Finance pushing forward on extensive legislative and administrative changes.

In Part One of our 2024 Tax Changes series, we dive into the key details of federal tax brackets, RRSP and TFSA limits, CPP enhancement, and EI premiums.

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Advisory

Leadership in the Workplace – Getting the Best Out of Your Team

Building an efficient and productive team isn’t just about hiring the right people – it’s about how you manage and lead those people. From communication to talent management and task delegation, your leadership style sets the tone for your business and directly impacts overall performance. Join us as we discuss the key aspects of effective leadership so that you can get the best out of your team and propel your business to new heights.

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Businessman holding a sack of money in front of wooden figures depicting the concept of business grants
Advisory

Best Grants for Small Businesses in Ontario

Grants are a vital source of funding for small and midsize enterprises. Whether you’re looking to adopt new technology, expand operations or hire additional staff, there are a wide variety of grants available from both government and private sources. Follow the link for a curated list of some of the best business grants currently available here in Ontario.

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