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Meals and Entertainment – When Does it Become A Business Expense?

Meals and entertainment can be a great deduction for many businesses. But what is considered a valid meals and entertainment expense? And to what extent can you claim this deduction? See below! Generally, the meals and entertainment expense are food, beverage and entertainment expenses incurred by the business. To qualify, these outings must be with…

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Employment Insurance (EI) for Barbers and Hairdressers

If you own a barbershop/salon, chances are you have contractors/self-employed barbers/hairdressers working with you. There has been changes specifically for contractors this industry when it comes to Employment Insurance (EI). Under the Insurable Earnings and Collection of Premiums Regulations, it is now required the employer to withhold and remit EI for any barber/hairdresser if their…

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