Cloud Accounting Blog

Thinking of a Small Business Loan in Canada?

Thinking of a Small Business Loan in Canada?

Many small businesses turn to small business loans for financing. A summary of what to consider before getting a small business loan and the various types of business loans available to small businesses in Canada.

2020 Canadian Tax Deadlines Amid COVID-19 Epidemic

2020 Canadian Tax Deadlines Amid COVID-19 Epidemic

Individual (personal) taxes – the deadline for personal tax filing has been pushed out from April 30th to June 1st. Sole Proprietors and those in a Partnership are considered individuals but their normal regular tax deadline is June 15th, so there is no filing change...

Tax Deductions For Homeowners Canada

Tax Deductions For Homeowners Canada

Is mortgage interest tax-deductible in Canada? Generally, mortgage interest cannot be claimed as a tax deduction since it is not subject to GST or HST. However,  if an individual borrows against home equity to purchase income-producing investments (for example,...

Income Splitting Canada: What is it and How Can it Save You Money?

Income Splitting Canada: What is it and How Can it Save You Money?

What is income splitting? Income splitting, in a nutshell, is a tax term that describes splitting a person’s income on a tax return to reduce taxes owing.  Income splitting is a strategy that can be used by high-income owners of private corporations to divert their...

Learning how to manage and advise interns in 2019

Learning how to manage and advise interns in 2019

Since the inception of Fint Cloud Accounting, we've had numerous interns from volunteers to high school students to international university students.  Interns can be so difficult to manage due to their short work-term, lack of real work experience and misalignment in...

From Corporate Life to Entrepreneur Life

From Corporate Life to Entrepreneur Life

My Corporate Career I started my professional career working for large corporations, before working for a start-up and eventually transitioning to being a full-time entrepreneur.  I'm actually really proud of my background in the corporate world and I think it has...

Why you should attend business events, and when not to

Why you should attend business events, and when not to

Living in Toronto, there is no shortage of business-related events to go to.  There must be at least one every night.  So as an entrepreneur trying to make a mark, how important is it to attend these events?  What happens if you don't attend these events?  In this...

Self-introduction and the entrepreneurship lifestyle

Self-introduction and the entrepreneurship lifestyle

So what does the lifestyle of a full-time entrepreneur in the tech industry look like?  That varies vastly, but I think most people associate this with rolling out of bed at whatever time, working out of hip coffee shops and going to tech events.  It's the cool part...

Business stress caused me to have a panic attack

Business stress caused me to have a panic attack

It is only four days into the new year, and I already have three friends talking to me about wanting to start on a new path for their career.  I wrote a blog post previously covering considerations for anyone looking to leave their job to start a new career in...