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IFRS vs ASPE
Understanding the difference between IFRS (International Financial Reporting Standards) and ASPE (Accounting Standards for Private Enterprise's) is important for businesses as it can have implications. Business in Canada are allowed to choose to follow either IFRS or...
GST/HST Guide
What is GST/HST credit? This is credit is to help recipients cover the cost of GST/HST. Obviously, it may not cover all the GST/HST you have paid during the year but it is better than nothing. Who is eligible to receive GST/HST credit? To be eligible you must have...
How to Beat Debt the Right Way
At some point we have all wondered how to beat debt. Debt is the achilles heel of financial freedom. You could be earning a healthy income but still find yourself struggling to make ends meet. Debt isn't as evil as we make it out to be. It helps us buy things like a...
5 Advantages of Budgeting
Here are some advantages of budgeting if you are not already convinced of the power of budgeting. Advantages of Budgeting Makes you aware of your financial situation Trying to take control of you finances without a budget is like trying to drive without a steering...
Cash vs Accrual Accounting
The difference between Cash vs Accrual accounting has to do with when the business will record the transactions. CASH ACCOUNTING Under Cash accounting, a transaction is recorded when it actually occurs. For example, a business will record income or expense when cash...
How to Earn PC Optimum Points
What are PC Optimum points? PC points is a rewards program by Loblaws. You earn PC points by shopping at Loblaws if you are a PC Optimum member. It is also possible to earn points by shopping anywhere if you are a PC Financial Mastercard holder. PC points can be used...