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Family-Owned Businesses: Succession Planning 101

Family-Owned Businesses: Succession Planning 101

Jun 3, 2025 | Estate Planning & Executor, Tips for your Business

Family-owned businesses are the backbone of Canada’s economy, yet many face the daunting challenge of ensuring their legacy endures across generations. The good news? With proactive planning, families can navigate this transition successfully and with...
The CRA’s Online Mail Transition: What Your Business Needs to Know

The CRA’s Online Mail Transition: What Your Business Needs to Know

May 14, 2025 | General Tax, Tips for your Business

The Canada Revenue Agency (CRA) is changing the way it communicates with businesses—and it’s happening fast. Starting in May and June 2025, online mail will become the default method for most business correspondence from the CRA. This means important documents,...
Top Deductions and Credits for Canadian Small Business Owners

Top Deductions and Credits for Canadian Small Business Owners

Apr 22, 2025 | Contractors & Sole Proprietors, Tips for your Business

As a small business owner in Canada, managing your finances and minimizing tax liabilities is crucial to ensuring profitability and sustainable growth. Here’s a breakdown of the top deductions and credits available to Canadian small business owners, along with tips to...
When Should a Small Business Hire an Accountant?

When Should a Small Business Hire an Accountant?

Apr 10, 2025 | Contractors & Sole Proprietors, Tips for your Business

Running a small business in British Columbia comes with many responsibilities, and managing finances is one of the most critical. While many entrepreneurs start out handling their own bookkeeping and taxes, there comes a point where hiring an accountant can save time,...
Year-end tax tips for small businesses in BC

Year-end tax tips for small businesses in BC

Dec 11, 2024 | Contractors & Sole Proprietors, Tips for your Business

As the end of the year approaches, small business owners in BC need to prepare for tax season. Proper planning and timely action can reduce your tax liability and set your business up for a successful new year. RHN is here to help with some essential year-end tax...
What is a Capital Dividend Account (CDA)?

What is a Capital Dividend Account (CDA)?

Oct 15, 2024 | General Tax, Tips for your Business

Let’s talk about the Capital Dividend Account (CDA) and why it’s such a big deal for Canadian business owners. What’s a Capital Dividend Account (CDA)? A CDA is a special account that keeps track of certain tax-free surpluses the company builds up over time....
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