by Freedom Accounting | Nov 24, 2023 | Freedom Accounting Inc., Tax Tips
In a bare trust arrangement, the legal title holder is separate from the beneficial owner. The Canada Revenue Agency defines a bare trust arrangement as “an arrangement under which [the trustee] can reasonably be considered to act as agent for all the beneficiaries...
by Freedom Accounting | Mar 7, 2023 | Freedom Accounting Inc.
We can count on tax season every year – and these days, with the price of everything on the rise, you might be tempted to try doing your taxes yourself versus working with an accountant. In fact, cost savings is the most obvious reason people choose to tackle their...
by Freedom Accounting | Jun 23, 2022 | Freedom Accounting Inc.
We explore how business is changing and adapting two years after the pandemic lockdown began. Small businesses have endured a tough journey over the last few years, as “business as usual” became highly chaotic during the pandemic. New mandates and restrictions saw a...
by Freedom Accounting | Jan 17, 2022 | Freedom Accounting Inc.
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...
by Freedom Accounting | Nov 24, 2021 | Freedom Accounting Inc., Tax Tips
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...
by Freedom Accounting | Sep 23, 2021 | Freedom Accounting Inc.
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. Let’s look...
