Bestax Insights
Stay informed with practical insights, guidance and updates on accounting, tax and business matters affecting Canadian businesses.
Expert-written · Canada-focused · Free to read
Explore clear, practical guidance on Canadian accounting, tax, payroll, business setup and compliance from the Bestax team, to help you make confident business decisions.
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According to Cleanlist , 39,828 new businesses opened in Canada in January 2025. That’s a 74.6% jump from December 2024 and a massive 185.7% increase compared to January 2024. In short, Canada is full
Big changes are coming to Canada’s tax system in 2025. If you run a business, invest, or even just file a personal tax return, you will want to know what’s changing. In a Hurry to Know the Big Canada
Managing payroll can be challenging for any business. It requires attention to detail, knowledge of regulations, and consistent updates. For businesses in Canada, staying compliant with payroll regula
Just like mitochondria is the powerhouse of the cell, Ontario is the powerhouse of Canada’s economy contributing nearly 38% of the national GDP. With a booming economy valued at $887.7 billion in 2024
The real estate industry in Canada is growing steadily. Between 2022 and 2031, there are expected to be 54,000 new job openings for real estate agents and salespersons. These opportunities come from b
BC is a province full of opportunities for entrepreneurs. Nestled on Canada’s west coast, BC boasts a vibrant economy, diverse culture, and stunning landscapes. It’s no wonder many are eager to learn
Imagine knowing exactly where your money is going and what’s driving your profits. That’s the power of an income statement! Let’s break it down together and make it simple to understand. Keep reading
Keeping your business finances in order can be a headache, especially when your bank statement and accounting records don’t match. This is where a Bank Reconciliation Statement becomes your best frien
Running a small business is rewarding, but managing taxes can be a headache sometimes. Fortunately, we are here to guide you on how to reduce your taxable income, lower your tax bill, and free up reso
Taxes are payments that individuals and businesses must make to the government. The taxes then fund public services, reduce income inequality, and influence how people and companies spend and invest.
Accounting jobs in Canada are in high demand, and the industry continues to grow steadily. Every year, businesses must complete essential tasks like bookkeeping and auditing , as required by law . Thi
Starting a business in Ontario or anywhere in Canada can feel like an exciting yet challenging journey, but you’re not alone! In August 2024 alone, 14,104 new businesses were registered in Canada, a s
