These are challenging times for us all. Many banks in Canada are now operating on modified banking hours, with some branches not opening at all. The global outbreak of COVID-19 has left people (particularly small businesses) in difficult financial situations, which means managing finances is more top of mind than ever. We hope this list of resources and modified branch hours is of use to you and helps with your planning for the immediate future: … Read More
The History of Currency in Ireland
With Saint Patrick’s Day fast approaching, people all around the world are preparing to don green and drink “the black stuff”. But, as Alan Partridge would say, “there’s more to Ireland than this”. Ireland has a long, complicated and fascinating history – and the story of currency on the island is no different. While the first evidence of human presence in Ireland dates back about 12,500 years, the story of currency there can be traced … Read More
The Best Money Saving Apps For Entrepreneurs
It’s rarely a bad idea to find savings wherever and whenever you can, especially if you’re running a business. After all, the more you save, the more you have to put towards growth. However, when it comes to actually being able to save up, it’s often a lot easier said than done. But (just like with everything else) there’s an app for that! Lots of them actually. Here are our top picks that can make … Read More
A Canadian Freelancer’s Guide To Taxes
As we head into 2020, less people are working full-time jobs. In fact, almost half of Canadian millennials are now part of the gig economy. It’s the age of the freelancer, and with more and more people preferring (or needing) to work as independent contractors, it’s crucial that they know how to properly deal with their taxes. In Canada, employees of a company receive a T4 (Statement of Remuneration Paid) slip, showing the tax deductions … Read More
World’s Most Improved Currencies 2019
Currencies like the US dollar (USD) and the euro are strong because so many countries and investors continue to purchase them. Buyers pay attention to currencies that are likely to remain stable and have positive forecasts. Here’s a list of the 5 most improved currencies of 2019 (valued against the world’s most traded currency – the USD). *All exchange rates were sourced from Google Finance at the time of publication. Also, check out the World’s Strongest … Read More
5 Tips To Reduce Income Tax For Canadian Entrepreneurs
The end of 2019 is fast approaching – but you still have time to maximize your tax breaks! Unfortunately, trying to figure out exactly what you owe the government (or what they owe you) isn’t always a fun process. Here are 5 simple tips to help you save money, and ensure your tax bill is no more than it needs to be. Consider Incorporating Your Business Many sole proprietors incorporate because of tax breaks. In … Read More
World’s Weakest Currencies 2019
There are several factors that impact the value of a currency, but buyers are often the most prominent influencers. For example, the US dollar is strong because so many countries buy this currency. If investors and buyers were to stop buying US dollars, its value would drop significantly. More attention is paid to popular currencies that are likely to remain (relatively) stable. This provides a basis for forecasts and projections – not to mention higher … Read More
Canadian Banks vs Credit Unions
Are you currently banking with one of Canada’s “Big 5”? If so, there’s a strong chance that you’ve wondered about better alternatives. If you’ve already looked into switching banks, you probably noticed that none of them are particularly cheap – and they all seem to be constantly raising their fees. This is exactly why more and more Canadians are looking for alternative banking solutions. One of the most popular options is to use a credit … Read More
REMITR Guide: Why is the Value of the Pound Sterling in Free-Fall?
The value of the British Pound (GBP) has come under massive pressure against other major currencies such as the US Dollar and the Euro in July. On Monday July 29th, the pound, also known as the Pound Sterling, touched its lowest level in over two years against the US Dollar. This has taken the value of the currency to its lowest level in 28 months. On Tuesday July 30th, the pound continued to slide on … Read More
Scotiabank Business Bank Accounts: Everything you Need to Know
Opening a business bank account is one of the first things you should do when starting a business. Even if you’re running the smallest of businesses, it’s important to have a separate business bank account. This will help keep your business and personal expenses/income separate. Many small business and sole proprietorship companies shy away from opening a business bank account in order to avoid paying extra bank fees. In addition to this,having a business bank … Read More