Canadian Small Business Hub
Canadian Small Business, Made Simpler.
Practical tools, guides and insights for Canadian small businesses.
| Sales (before tax) | $48,200.00 |
|---|---|
| HST collected (line 103) | $6,266.00 |
| Input tax credits (line 106) | −$2,041.30 |
| Net tax to remit (line 109) | $4,224.70 |
Example figures. How GST/HST works →
Popular topics
Start with the area you’re dealing with right now.
Accounting
Books, statements and inventory without the jargon.
Browse →Tax & CRA
GST/HST, deductions, deadlines and your CRA accounts.
Browse →Finance
Cash flow, budgets, pricing and financing.
Browse →Business Software
Choose and set up the right tools for your business.
Browse →E-commerce
Shopify, Stripe and PayPal accounting for Canadian sellers.
Browse →Starting a Business
Structure, registration and your first accounts.
Browse →Featured guides
Cornerstone guides, written for owners who aren’t accountants.
How GST/HST Works for Small Businesses in Canada
What GST/HST is, when you must register, which rate to charge in each province, and how input tax credits reduce what you remit.
Read guide →AccountingAccounting Fundamentals for Business Owners
Learn how accounting works for a Canadian small business: the three financial statements, accrual vs cash, double-entry, GST/HST as a liability and CRA record keeping.
Read guide →E-commerceShopify Accounting in Canada
How Canadian Shopify sellers should record sales, payouts, fees, refunds and GST/HST, with a clearing account and a worked Ontario payout example.
Read guide →Why Is My Business Profitable but I Have No Cash?
Profit and cash measure different things. Here are the six places cash usually goes, with a worked example.
Read guide →BookkeepingA Simple Month-end Close
A practical month-end close routine for Canadian small businesses: record transactions, reconcile bank accounts, review GST/HST and statements, then lock the period.
Read guide →Starting a BusinessHow to Start a Business in Canada
A step-by-step guide to starting a business in Canada: choosing a structure, registering a name, getting a CRA Business Number, licences, banking and bookkeeping.
Read guide →Free business tools
Fast calculators that explain their answers.
GST/HST Calculator
Add or remove GST, HST, PST or QST for any province.
Profit Margin Calculator
Gross profit, margin and markup from cost and price.
Markup Calculator
Set a selling price from cost and target markup.
Break-even Calculator
Units and revenue needed to cover fixed costs.
Cash Flow Calculator
Project six months of cash from inflows and outflows.
Business Loan Calculator
Monthly payment and total interest on a term loan.
Payroll Calculator
Employee deductions and employer cost per pay period.
COGS Calculator
Cost of goods sold from opening stock, purchases and closing stock.
Business Budget Calculator
A monthly budget with net income and expense mix.
Invoice Calculator
Goods and services lines, sales tax by province and invoice total.
Coming soon
Business software reviews
We are preparing dated, factual comparisons of accounting and business software, such as QuickBooks Online, Xero and Odoo. Each will say what we checked and link to vendor documentation.
Bookkeeping and accounting support
Ronidex offers bookkeeping and accounting support for small businesses, with an initial focus on Ontario. Our guides and tools stay free and educational.