When you’re applying for small business funding, commercial lenders measure your business’s risk and creditworthiness primarily based on your personal and—if you have one—business credit scores. This might lead you to assume that you need good credit in order to get a...
As a new entrepreneur, we know you have a long to-do list and are excited to start building your business. However, it’s important you take care of the legal stuff too. For Ontario business owners, one of these steps is getting your business number (BN). We’ll go...
Did you know Canada is a nation of entrepreneurs? Every year, more and more people open small businesses. Many for the very first time. It can seem like an intimidating step to take, considering approximately half of new Canadian companies remain in...
As your small business grows, you may find it more and more difficult to stay on top of everything it takes to make it successful. When you introduce automation tools into your business, you’ll be able to improve customer relationship management, stay on top of your...
Is it okay to charge late fees for my Small business invoices? After you enter your personal information, the scope of work, the total cost, and any additional taxes, you’ll likely see the option to invoice for late payment. Charging for late payments is often...
Small business owners in Canada can choose to pay themselves a salary or earn a personal income through dividends. While there’s no wrong answer, the option you choose will play a role when the time comes to file your income taxes and, ultimately, is dependent on what...
