Understanding Saving and Pension Plan: The case of Jack and Jill

The Canadian retirement saving and pension system is complicated and full of acronyms. At different stages of life, you will encounter different programs that are beneficial to you. To break it down, let's look at the case of a couple named Jack and Jill. Jack, 32 is an engineer. Jill, 30 works as an fashion … Continue reading Understanding Saving and Pension Plan: The case of Jack and Jill

Merchant Services Provider – are you leaking money due to high fees?

A recent review of our company monthly expenses, one of the items jumped out at me is the credit card/debit card processing fees. You might say the merchant services provider charges those fees, what can you do? And those statements are mind numbing with tiers of different charges and fees, who have the time to … Continue reading Merchant Services Provider – are you leaking money due to high fees?

Flexible benefits plan – why you should consider!

Time has changed when employers are getting creative in attracting new talents through appealing compensation package. After rounds of intensive interviews, you now find the perfect fit for your company. The candidate will then ask about the base salary. And the next question would be: What is the benefit plan you offer? There are increasing … Continue reading Flexible benefits plan – why you should consider!

Moving away from Payroll headache

Is it payroll time again? And here you are, either an accountant who do it all or a small business owner who dreads the agonizing but absolutely necessary task, paying your employees. You are the one in charge and supposedly an expert on everything payroll from taxable benefits rules to the latest governmental regulation. Is … Continue reading Moving away from Payroll headache