... incorporation as I had to incorporate from a sole prop this year. I pay myself a salary twice a month but I also have to transfer funds from the business account to my personal account for expenses that I pay out of pocket. I use RBC for my business account and Tangerine for my personal account. ...
Mar 16th, 2021 3:13 pm
Hello. I am fully aware that I should be seeking professional tax / finance advice from a qualified professional but I would like to gather some community input. I have some money in my corporation account that isn't going to be used for the short term and I am thinking about opening a self service ...
Feb 24th, 2021 9:56 am
Would any red flag be raised if I trade using my Business Account very frequently (like 20 trades a month)? I've noticed RBC has to send me a physical mail each time I placed a trade and now I have a whole bunch of these mails... Appreciated anyone's help on this topic! Thanks!!
Dec 23rd, 2020 10:28 am
My CRA business account is inaccessible. Can anyone else log in?
Oct 22nd, 2020 5:16 pm
... membership fees) couldn't you just keep using that account for any business-related supplies/equipment? What's the advantage of a separate Amazon Business account for those with small businesses, or solo corporations, etc? Doesn't seem worth it to pay Prime membership fees twice.
Sep 17th, 2020 1:29 pm
hello, I called my bank rbc but they have no idea. I read some articles out there it says payment to myself woth t5 as dividend dies not qualify me for the loan, Then I visited the website it says: The Eligible Non-Deferrable Expense categories are the following: https://ceba-cuec.ca/ Payments incur...
Aug 10th, 2020 9:58 pm
Canada Emergency Business Account is asking for payroll of 2019.My Company incorporated in Sept 2019 so Payroll started after words... and we have'nt files taxes and before that it was a sole prop business.How do I qualify?
Apr 22nd, 2020 12:07 pm
Anyone knows if non-eligible dividends are now admissible for CEBA loans, similar with CERB? Any news from today Trudeau's speech? Thanks.
Apr 16th, 2020 12:56 pm
Anyone knows if non-eligible dividends are now admissible for CEBA loans, similar with CERB? Any news from today Trudeau's speech? Thanks.
Apr 16th, 2020 12:51 pm
I understand the intend of this loan but they should have restrictions to prevent people that doesn't need it to apply. I had a friend that was bragging in a chat group that he owns a business where it was in the minority business that wasn't affected. In fact, he said he said business was slightly ...
Apr 10th, 2020 8:38 pm
Im operate a registered sole proprietor business with no employees and I have an RBC business account, not a checking account. I think I qualify for this 40k LOC. I made over 50k last year, just waiting on my bookeeper for my 2019 taxes. I have a Line of credit with ...
Apr 9th, 2020 12:06 pm
Hi , I need some suggestions on what I can do with money sitting in my corporate business chequing account. I did some contract work few years back and opened a corporation then . About 3 years ago I started full time employment but some money (around 60-70k) is sitting in my BMO business chequing a...
How to Get this Offer: Open an eligible RBC business bank account3 by March 31, 2020. Make 12 qualifying transactions within 90 days of your account open. You can mix and match transactions from the list below to meet the needs of your business. Pay a bill to a service provider or supplier Complete ...
Jan 28th, 2020 8:29 pm
Has anyone got any idea as to what kind of investment options (stocks/GICs?Mutual Funds) can be used to invest in a incorporated company's business account with bank like BMO? I am not sure if one is even allowed to "invest" business income, hence the question. Thanks for clarifying ...
Hello,My husband is an IT contractor/Incorporated and we have money in the business account. Any advice on how to withdraw that money for the purpose of down payment? Looking for people who have done this.Tia.
Oct 25th, 2019 10:14 pm
What is the best bank or neo bank to open a business account?
Sep 19th, 2019 7:57 am
Hey guys. What's the cheapest way of opening a USD business account at a Canadian bank? RBC is so expensive and looked at Tangerine and their accounts refer to USD accounts at other institutions (" but a Tangerine US Dollar Business Savings Account ...
Jun 29th, 2019 10:47 am
created post in the wrong group
Jun 11th, 2019 7:44 pm
Hello,I've been doing some research but couldn't find a lot of info. What I need is unlimited e-transfers and wiring once or twice a month.At the moment I'm with TD, their offering 60 transactions (E-Transfers are considered transactions) for $40 a month.Anyone have any better solutions?
May 7th, 2019 3:52 pm
So I need a business account because the place paying me is now paying me through an LLC. So I was doing some research and only RBC has a no fee business account, but I do 99% of my personal banking with TD so just wondering what the thoughts are with which ones better.
Apr 9th, 2019 7:17 pm