BDC - The Bank for Canadian Entrepreneurs | BDC.ca
WEBUnleash the full potential of your business and bring your ambitions to life. We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We help create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.
A simple guide to tax deductible business expenses - BDC
WEBSupplies. You can deduct the cost of items that your business used indirectly to provide goods or services. For example, drugs and medication used in a veterinary operation, or cleaning supplies used by a plumber. Business tax, fees, licences and dues. Tax, fees, licences and dues are deductible, but you can’t deduct club membership dues ...
How do I take advantage of capital cost allowance? | BDC.ca
WEBSince it was purchased for $20,000 before taxes, $8,000 of CCA can be deducted from the company’s taxable income in the first year (after which the other rules mentioned below must be followed). Then, in the second year, the amount deducted will be 40% of $12,000 (or $4,800) and so forth.
How to get a business loan in Canada | BDC.ca
WEBFirst, ask yourself why you need the loan. Next, find the right loan to match your needs. And finally, craft a solid loan application using the right documents and preparations. “Knowing why you need the loan helps you figure out what type of loan to get, how much to ask for and the ideal terms and conditions for your business,” Mittra says.
Business valuation: What's your company worth? | BDC.ca
WEBDetermining a company’s value is a complex process—part science, part art. Complicating matters is the fact that many entrepreneurs have an overly optimistic view of how much their business is worth. Here are five things you need to know when determining the value of your company. 1. Differing expectations can cause conflict.
SWOT analysis: An easy tool for strategic planning | BDC.ca
WEBThe SWOT analysis is a key tool for your strategic planning. Strategic planning is essential for realizing your company's potential. Essential to that plan is an awareness of your company’s strengths and weaknesses, as well as understanding opportunities and threats facing your business. A SWOT analysis takes a global view of your company but ...
Current ratio—Working capital ratio calculator | BDC.ca
WEBCurrent assets are listed on the balance sheet from most liquid to least liquid. Cash, for example, is more liquid than inventory. In the example below, ABC Co. had $120,000 in current assets with $70,000 in current liabilities. Current ratio = $120,000 / $70.000 = 1.7. The business has a very healthy current ratio of 1.7.
The 5 most common pricing strategies | BDC.ca
WEBCost-plus pricing. Calculate your costs and add a mark-up. Competitive pricing. Set a price based on what the competition charges. Price skimming. Set a high price and lower it as the market evolves. Penetration pricing. Set a low price to enter a competitive market and raise it later. Value-based pricing.
What is ESG and what does it mean for your business? - BDC
WEBESG stands for environmental, social, and (corporate) governance. It is a set of practices and metrics used to evaluate a company beyond its financial performance. In other words, ESG practices and metrics offer a way to measure a company’s health and stability beyond what may be deduced from the numbers on its balance sheet.
Payroll Deductions—The Basics for an Employer | BDC.ca
WEBSteps for new employers. New employers must first open a payroll program account in order to remit deductions to the CRA. Next, the employer will have to ask the employee to provide his or her social insurance number and complete Form TD1—Personal Tax Credits Returns. Payroll deductions belong to the government, and the amounts collected must ...