A closed work permit is a type of work authorization issued by immigration Canada that allows a foreign national to work in Canada for a specific employer and location. Unlike an open work permit which allows flexibility in job and employer, a closed work permit ties the holder to the employer listed on the permit. … Read more
Canada has many structures for business owners and investors and one that’s gaining popularity is the holding company. Known for its flexibility and tax benefits a holding company is a favourite among business owners who want to manage their assets, protect their wealth and optimize tax efficiency. But what is a holding company and why … Read more
The Canadian Shield is one of Canada’s most iconic geographic regions, characterized by its vast landscapes, rugged terrain, and unique climate. Stretching over five million square kilometers and covering parts of several provinces, the Canadian Shield is more than just a stunning natural region – it’s a critical area with significant environmental, economic, and cultural … Read more
Canada is a popular destination for international students looking for quality education and a multicultural environment. But living abroad also means managing your finances in a new country. One of the first steps is setting up your banking. From choosing the right type of bank account to building your credit history here’s a guide for … Read more
Looking for the best business bank account Canada? You’re in the right place. This guide reviews top accounts for 2024, so you can see the features, fees and benefits to choose the right one for your business. Bottom Line Business Bank Accounts in canada Managing finances, staying compliant and getting corporate services are the reasons … Read more
What are Metal Business Cards? Get an alternative to the traditional paper business Bank cards. These cards are made from high quality metal materials like aluminum, stainless steel and copper. They are durable and sleek. Customizable options include various finishes, intricate designs, etched details and printing options. A one of a kind and eye catching … Read more
Eligibility and Benefits Non-residents who are studying, working, or conducting business in Canada have the option to open a bank account in the country. By opening Canadian bank accounts, non-residents can effectively manage their finances, including receiving and handling their salaries, paying bills, conducting transactions, and monitoring their expenses. Additionally, having a Canadian bank account … Read more
What is an ACH? ACH stands for automated clearinghouse the big bank and credit union network for sending and receiving electronic payments and money transfers. ACH payments happen on the ACH network. Direct payments are another type of ACH transaction, commonly used in B2B transactions to efficiently handle supplier payments, offering benefits like automation and … Read more
Definition and Purpose Remittance advice is a message sent by a payer to a payee to let them know a payment has been sent and is on its way. This allows the payee to expect the payment and helps with cash flow. It’s also a useful tool for businesses to keep track of outstanding invoices … Read more
Many companies pay dividends, a share of after-tax profits or investment income paid out to shareholders. In Canada, these are reported on a T5 slip and must be included in your tax return. Looking for Sending Money Internationaly Canadian companies can issue three kinds of dividends to their shareholders: Each kind of dividend has a … Read more