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Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.

How to Record a Capital Lease in Canada: A Practical Guide
Municipal

How to Record a Capital Lease in Canada: A Practical Guide

Learn how to record a capital lease in Canada with step-by-step journal entries, IFRS and ASPE rules, CRA tax treatment, and common mistakes to avoid.

By Hamed Rashnoo·
Deferred Revenue Explained for Canadian Businesses
CPA & Bookkeeping Firms

Deferred Revenue Explained for Canadian Businesses

Deferred revenue is a liability that arises when you collect payment before delivering goods or services. This article explains how Canadian businesses should recognize, track, and report deferred revenue under ASPE and IFRS.

By Sara Tatalu·