Blog | Balance+Wealth CPA

Bookkeeping Basics for Small Business Owners in 2023

One area that all small business owners have trouble with is bookkeeping. How do you keep on top of your revenue? Or worst yet, all your...

Should I Incorporate? | Sole proprietorship vs. Partnership vs. Corporation

You have a business idea or have already started making some sales. As someone who has been dreaming to be an entrepreneur, one of the...

TAX EXPERT EXPLAINS Top 6 Tax Write-Offs for Youtubers and Content Creators

If you are a Youtuber and/or Content Creator in Canada, and you are wondering what tax write-offs you can take, this article is for you....

How an accountant prepares for a Recession | Manage your Money like a Pro

Today, I will be putting an accountant’s twist and walk you through two types of financial statements: an income statement and a balance she

Canada's Economic Update and Recession Risks 2023 | MUST KNOW Tax Benefits

The government of Canada released its outlook for a recession in 2023 through the latest 2022 Fall Economic Statement released just a few...

Write Off Your Dream Car | Must Read Before Buying a Vehicle for Business in Canada

One of the perks of being an entrepreneur is getting a nice car through your business. Instead of just paying out of pocket, what’s...

Should I sell my Crypto at a Loss for a Tax Break? | Crypto Taxes Explained

Crypto prices have dropped even further below its resistance point of USD $30k and now even below $20k. For those who have invested in...

TAX EXPERT EXPLAINS Crypto Mining Tax in Canada

You may have tried to find out how your crypto mined needs to be taxed, but to no avail, there is limited information online. That is...

Crypto Taxes for Beginners | Cryptocurrency Taxes in Canada

Despite the volatility in cryptocurrencies, it has been a good year for those who had invested in Crypto at the beginning of 2021....