A bad debt is an amount owed to your business that has become uncollectible, allowing you to write it off and often reco…
A balance sheet is a financial statement showing what a business owns, what it owes, and the owners' equity at a single …
The basic personal amount is a non-refundable tax credit that lets every Canadian earn a base level of income each year …
A beneficial owner is the real individual who ultimately owns or controls a company or asset, even when legal title is h…
Bookkeeping is the day-to-day recording and categorising of a business's financial transactions, forming the foundation …
The break-even point is the level of sales at which total revenue exactly covers total costs, so the business makes neit…
Burn rate is the pace at which a business, typically a startup, spends its cash reserves, usually measured as net cash s…
A Business Number is the unique nine-digit identifier the CRA assigns to a business, to which program accounts like GST/…