The Best Money Saving Apps For Entrepreneurs

RemitrFinance

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

5 Tips To Reduce Income Tax For Canadian Entrepreneurs

RemitrFinance

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

The Top 10 Electronic Wholesalers and Manufacturers in China

RemitrBusiness

Wholesale electronic suppliers in China have made a significant contribution to the global economy in recent years, with a deliberate focus on improving the quality of their products, not just the quantity. China’s technology wholesale market reached an all-time high in 2017, with over $20,747.10 million USD in exports, and is expected to increase further in the coming years. No longer will you feel disappointed, but empowered, when you see that “made in China” label … Read More

Scotiabank Business Bank Accounts: Everything you Need to Know

RemitrFinance

Scotiabank Business Bank Accounts

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

Instantly Convert Funds Between Ledger Balances with REMITR

RemitrNews

We are excited to announce a new feature for converting funds from CAD to USD and USD to CAD whenever you wish. You can convert these funds between your Ledger balances in different currencies. REMITR enables you to transact in different currencies like Canadian Dollar (CAD), US Dollar (USD) and Euro (EUR). You can instantly convert between these currencies in two ways: When you have funds in your bank account and wish to convert USD … Read More

Maximise Your Budget: 5 Budgeting Tips For Startups

RemitrBusiness

5 Budget Maximising Tips For Startups

Starting a business is an exciting time for any entrepreneur, but it comes with tough financial challenges. In your early days, it’s crucial that you lay the foundation for a sustainable business. To help you out, we’ve put together a list of five tips to help maximise your startup’s budget, and to help you avoid some common financial mistakes entrepreneurs make when starting a new business. Access An Incubator Startup incubators are set up to reduce the chance … Read More

REMITR Guide: How to Find the Best Chinese Suppliers on Alibaba

RemitrBusiness

Alibaba is China’s – and the world’s –  largest online commerce company, hosting millions of merchants and businesses. Alibaba helps connect wholesalers based in China with businesses around the world. It allows companies to identify a manufacturer abroad, and have products made and shipped. These products can be availed off at a fraction of North American prices, helping companies here make big savings in their production process. If you’re looking to import products from China, … Read More

Everything You Need to Know About Importing from China

RemitrBusiness

Everything You Need to Know About Importing from China

China has been ranked as the world’s biggest exporter of goods since 2009, with official estimates putting annual Chinese exports in the region of $1.904 trillion. Importing from China has worked wonders for many businesses across the globe, with lower-priced supplies giving them the competitive edge they need to be successful. China is a major exporter of a variety of products including shoes, clothing, electronics, tea and rice. However, importing from China is not a … Read More

REMITR Guide: How To Become An Exporter In Canada

RemitrBusiness

How To Become An Exporter In Canada

In 2017, Canada exported a total US$420.6 billion worth of products. In 2018, Canada exported $449.8 billion worth of products. Exporting clearly plays a crucial role in the health of the Canadian economy, a role that is becoming increasingly more important. Here’s a breakdown of Canada’s top 10 exports: Mineral fuels (including oil) – 20.1% Vehicles – 14.8% Machinery (including computers) – 7.7% Gems & precious metals – 4.4% Wood – 3.3% Electrical equipment – … Read More

What is the Best Way to Receive Payments in a Foreign Currency?

RemitrPayments

Best Way to Receive Payments in a Foreign Currency

Modern technology has made doing business internationally so much easier. Ease of travel, content management systems, instant messaging, video conferencing and several other advancements have made it so much easier to get clients throughout the world. But figuring out the best way to collect payments from your international clients can still be stressful. Calculating exchange rates and communicating with partners in different time zones is not always easy.   Here are some of the options … Read More