NEWS AND INSIGHTS
Our latest thoughts
Put your feet up and enjoy our insights and thoughts on this and that. When a little bit of discussion and direction makes all the difference.
T5018: Tax reporting for construction payments
A T5018 (Statement of Contract Payments) is a tax form used in Canada by businesses in the construction industry to report payments made to subcontractors. It helps the Canada Revenue Agency (CRA) track income earned by contractors and ensure proper…
Maximizing retirement savings with an Individual Pension Plan (IPP)
An Individual Pension Plan (IPP) is a specialized retirement savings vehicle designed primarily for business owners, incorporated professionals, and key employees. It offers several advantages over traditional retirement savings plans like Registered Retirement Savings Plans (RRSPs), making it an attractive…
The power of strong branding
A strong brand is more than just a logo or tagline—it’s a cornerstone of business success, influencing everything from customer loyalty to market value. Whether you’re a startup or an established company, investing in your brand can create both immediate…
Advertising budgets demystified
The percentage of revenue a business should allocate to its advertising budget varies depending on the industry, business size, goals, and growth stage. Here’s a guide to help you determine an appropriate range for your business: General advertising budget guidelines…
“Tracy and her team were a welcome relief from the monthly burden of filling spreadsheets and hoping I got it right with my GST obligations and annual tax return preparation. Not only did she and her team free up my time to get on with the business of supporting my clients, she also made me see that “Knowledge is power”.
– Tricia Ryan, President, Focal Point Business Coaching
“Tracy took over from another bookkeeper. We have an accounting system that Tracy was not familiar with and had a very positive attitude adapting and learning the system. She is very detailed and always completes accounting procedures on time. Her attitude is excellent and she always informs me of what she is doing. When I ask her any questions I get a proper response.”
– Bryan Sullivan
“I have been a client of Fiscal Performance for the past year and have called upon their staff for tax advice & services for my small business returns. I recommend their service, highly and look forward to their continued service & support.”
– Dan De Jong
“Tracy and I have partnered on a number of projects over time. She is always enthusiastic and ready to devote 100% of herself to every task she undertakes. I know Fiscal Performance will take care of business with honesty, integrity and dedication.”
– Sandi H.
“I am truly glad we chose your company to do our work. Your staff are very professional and provide an excellent service to ensure our paperwork is kept up to date. I am happy to know your company is on top of things and makes my job easier. Again thank you for giving our company peace of mind.”
– Brenda D.
