Hailstone Technologies

Best Cloud Accounting Software for Canadian Small Businesses in 2024

Choosing accounting software is one of the most impactful early decisions a small business owner makes.

BC Employer Health Tax (EHT): A Complete Guide for Vancouver Businesses

The BC Employer Health Tax (EHT) is a payroll tax introduced in British Columbia in 2019 to fund the provincial health care system after the elimination of MSP premiums.

Bookkeeping Best Practices for Vancouver Startups

Vancouver’s startup ecosystem is one of the most active in Canada, with thousands of new companies launched each year in sectors from tech and biotech to creative industries and professional services.

CRA Audit Triggers: What Vancouver Small Business Owners Should Know

Few things are more stressful for a small business owner than receiving a letter from the Canada Revenue Agency announcing a review or audit.

Sole Proprietorship vs. Corporation in BC: Which Is Right for Your Business?

One of the biggest decisions you’ll make when starting a business in British Columbia is choosing your legal structure.

Top Tax Deductions for Small Businesses in British Columbia

Reducing your tax bill legally is one of the most valuable things a small business owner in British Columbia can do.

How to Pay Yourself from a Corporation in Canada: Salary vs. Dividends

One of the first questions every incorporated business owner in Canada asks is: “How do I actually get money out of my company?

Year-End Bookkeeping Checklist for Canadian Small Businesses

Year-end is the most important time in the bookkeeping calendar. For Canadian small business owners — whether you’re a sole proprietor, partnership, or corporation — closing your books correctly sets the stage for accurate tax filing, informed business decisions, and a smooth relationship with the CRA.

BC PST for Small Businesses: What Every Vancouver Business Owner Needs to Know

British Columbia’s Provincial Sales Tax is a separate layer of tax on top of the federal GST, and it catches many Vancouver business owners off-guard.

GST/HST Registration for Vancouver Small Businesses: Complete Guide

If you run a small business in Vancouver, understanding when and how to register for GST/HST is one of the most important compliance steps you will take.