Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
What Is Gross Profit Margin? Canada Business Explained
Gross profit margin is a key metric for Canadian businesses. This article explains what it is, how to calculate it, and how to use it to improve profitability.
How to Account for Prepaid Expenses in Canada
A practical guide to accounting for prepaid expenses in Canada, covering journal entries, amortization, GST/HST treatment, and CRA rules. Includes a worked example and common mistakes to avoid.
How to Account for a Vehicle Purchase in Canada: A Business Guide
A practical guide for Canadian businesses on accounting for vehicle purchases, covering capital vs expense, GST/HST input tax credits, CCA, and how to streamline the process with Awditify.
How to Record Credit Card Expenses in Canada: A Practical Guide
Recording credit card expenses in Canada requires tracking GST/HST, categorizing mixed-use charges, and reconciling statements. This guide covers best practices, common mistakes, and how Awditify simplifies the process.
How to Record Sales Tax in Canadian Bookkeeping
A practical guide to recording sales tax in Canadian bookkeeping, covering GST/HST/QST/PST setup, ITCs, remittance deadlines, and common pitfalls.
GST/HST Voluntary Registration: Should You Register?
Voluntary GST/HST registration can help small businesses claim input tax credits. Learn who should consider it, how to apply, and how Awditify simplifies the process.
GST/HST for Export Sales in Canada: A Practical Guide
A practical guide to GST/HST on export sales in Canada, covering zero-rating conditions, documentation requirements, provincial nuances, and how Awditify streamlines compliance.
GST/HST on Meals and Entertainment in Canada: A Practical Guide
A practical guide to GST/HST on meals and entertainment in Canada, including the 50% rule, ITC eligibility, common audit risks, and how to automate tracking with Awditify.
The GST/HST Refund Process Canada: Complete Guide
A complete guide to the GST/HST refund process in Canada, including filing steps, common pitfalls, and how automation helps.
GST/HST on Employee Benefits in Canada: A Practical Guide
Understanding GST/HST on employee benefits in Canada is tricky. This guide covers taxable benefits, common errors, and how to automate compliance.
GST/HST for Real Estate Transactions in Canada: A Practical Guide
This guide covers when GST/HST applies to real estate transactions, including new housing rebates, commercial property, assignment sales, and municipal exemptions. Learn how to manage these obligations efficiently.
GST/HST for Charities and Nonprofits in Canada: A Practical Guide
A practical guide to GST/HST for charities and nonprofits in Canada, covering rebate eligibility, deadlines, and how Awditify streamlines compliance.