Articles and Videos
Catch up on all the KMPC articles and videos that are full of great information for you!
10 Ways to Save Money
Easy Ways For You To Save Your Money and Build Wealth People are often under the impression that in order to save money you need to have LOTS of money, money to spare, and that leftover stuff is what you save. I am here to tell you that impression is incorrect. We...
How to Live Within A Budget
How to Structure a Personal Budget Today we are going to look at budgeting and how to create a budget for yourself. The first task is to assess your Wants and your Needs. This task is always a really difficult part for anyone starting out. When I'm dealing with...
Mastering Your Money Headspace
What Is Your Money Behavioural Style? Today I'm going to be talking about how to build wealth, how NOT to live paycheck by paycheck, how to live within your means and how to stay out of debt in this world. Budgeting often gets a bad rap - a reputation of something...
Summer 2019 Newsletter
The weather is starting to look more like summertime so, I thought this would be a great time to send out our KMPC newsletter to keep you up-to-date on all the news before it's time to head off to enjoy your summer fun!Feeling Green? Well You May Be in Luck If You...
Should I Incorporate My Business?
This is a question I have been asked many times by small business owners during my 26 years as a Chartered Professional Accountant. The answer, however, is not a straightforward one. Recent tax law changes have removed some of the benefits but there are still some key...
10 Reasons Why Every Business Needs a Website in 2019
This month we have invited Mb2Online, a local SEO (Search Engine Optimization) and Web-Design company, to be a guest blogger on a topic that I often discuss with clients… How To Be Competitive In The Digital Age***Small business owners are often hesitant to undertake...
Kelly’s Updates from CRA
A few updates that you should know about… Mileage Claims: (Please Note Update for 2019 Tax Year - The mileage rate is 58 cents for the first 5,000 kilometres and 52 cents for the balance of the kilometres.) 2018 only...Automobile, the kilometre allowance went up a...
How to Survive “Being Your Own Boss” – Succeeding as an Entrepreneur
As I prepare to celebrate my 25th year in business as a Chartered Professional Accountant, I can’t help but take a moment to reflect. I have had the pleasure of working with so many business owners over the years as I helped them face the challenges experienced by...
Seven Life Reasons Why You Need a Good Chartered Professional Accountant (CPA)
1) To Ensure You Are Obeying the Current Tax Laws Tax laws change each year. Some years there can be profound or sweeping changes that can change what and how you report income on your tax return. If your return is filed incorrectly the lament of “I didn’t know I...
The ABC’s Of Why Small Businesses Need an Accountant
When a small business opens its doors the realities of limited budgets often mean trying to do everything in-house. While that approach may work for some areas of the business it is not advisable to adopt this approach with accounting. Owners of a new business...
Tax Tips and Updates
Psst.... RRSP Contribution Deadline is NOW & Other Tax Time Tips and Updates! In today's vlog Kelly Melanson, CPA reminds us that time is running out to take advantage of RRSP contributions for this tax year. Kelly also shares some interesting updates and...
Bill 148 – What Does it Mean to You?
In today’s vlog Kelly Melanson, CPA from www.kmpc.ca and Kourtney Thompson from www.newinitiativeshr.com discuss the impacts of Bill 148 and the recent updates regarding the issue of income sprinkling and other recently changed corporate taxation rules by CRA (Canada...
Updates on 2017 Proposed Tax Changes for Business
Hello friends! Yes, I have an update on the latest rumblings from the government on the proposed changes to the tax rules for businesses released this past fall (2017) . In this video I discuss the latest updates and what they might mean for you and your company. I...
Performance Management is Your Key to Success
Performance Management is a Critical Success Factor The past several blogs have focused on business process mapping that involves reviewing all of your business processes to determine the areas that have risks or gaps and will need improvement. Now that you know how...
How Will the New Income Sprinkling Rules Impact Your Business?
Proposed New Income Sprinkling Rules Go Too Far Heads up people, the federal government has proposed some chilling private corporation tax changes that will have a profoundly negative impact if they should pass. They are looking to change some common tax planning...
How To Lessen the Stress of Back-to-school Season!
Getting the Most Out of Your Kids’ Back-to-school Season Yes, it’s that time again…back to school. A bittersweet time when you realize the lazy days of summer are nearing an end, your house will soon be a lot emptier (but tidier) and the...