Financial & Tax Blog

What Happens When You File Your Taxes Late – And How We Can Help!
Time slips away, deadlines pass, and you still haven’t filed your taxes. Maybe you’re even a few years behind. Whichever boat you’re in, there will always be that sinking feeling of tension anytime someone mentions the word “taxes,” until you finally get the task off...

Strategies to Pay Less Interest on your Debts
Are the bulk of your credit card or loan payments going towards interest? When faced with a daunting pile of debt, it can be such a defeating feeling watching your hard-earned money barely make a dent in what you owe, as the interest almost completely swallows your...

Do you qualify for the Canada Child Benefit?
A new addition to your family not only means more to love, but also much to learn. Of course, every relative, friend and stranger will be eager to share their words of wisdom (and often unsolicited advice) on how to properly raise your kids. However, when it comes to...

Getting ready for your 2021 tax return
Tax time is upon us, and the Freedom Accounting team is hard at work behind the scenes getting ready. Every year at this time, we send a Tax Preparation Letter to our clients, and help them gather all the receipts, slips and documents they need (let us know if you’re...

Canada’s COVID-19 Economic Response Plan – 2022 Update
We’ve had an interesting two years, to say the least. Many businesses and people have taken advantage of the federal and provincial government supports offered to help keep operations and household incomes intact. As of January 17, 2022, these are the supports...

Solopreneurs: what to claim when you’re expensing
Over the past year we’ve witnessed a seismic shift in the workplace, with people switching careers and industries, and many opting to become self employed, or solopreneurs, striking out on their own and taking full advantage of the opportunity to work from home. In...

The Tax Benefits of Working from Home
The home office has never been more popular! Over the past two years we’ve gotten very familiar with the short commute to our desks and working from home can be extremely productive. It can also help you save on your income tax return. Whether you’re a sole proprietor...

To Incorporate, or Not To Incorporate: That is the Question
If you’re starting a new business, or are a sole proprietor, you will at some point ask yourself whether it makes sense to incorporate. The choice to do so depends on a number of factors, but there are distinct advantages and disadvantages to incorporating.

It’s National Puppy Day every day at Freedom Accounting
According to the national day calendar, March 23rd is set aside to celebrate the unconditional love and affection puppies bring to our lives. Their cuddles and wiggles make us smile and give us a warmth that touches all the way from the tips of our heads to the end...

We Can Help In The Evolution Of Your Business
Every business owner will face unique challenges. As small business owners ourselves, we understand the commitment and due diligence required to become successful. Regardless of where you are on your journey, we’re committed to getting you to the next level. The key...
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