Resources
Business Basics
Starting a business means learning a new vocabulary fast. These guides break down the foundational decisions and requirements every new business owner in Alberta runs into — in plain language, with no assumed background in accounting or law.
Sole Proprietorship vs. Corporation: What's the Difference?
The real difference between the two — liability, taxes, and when the CRA says your business begins.
Read the guide →Business Number and CRA Accounts: What RT, RP, RC, and RZ Mean
A plain-language guide to your Business Number and the CRA program accounts every business runs into — and which ones apply to a sole proprietor versus a corporation.
Read the guide →Why You Need a Business Bank Account (Even Though the Law Doesn't Always Require One)
Why a separate business bank account matters — and how the reasons differ for a corporation versus a sole proprietor.
Read the guide →Do I Need to Register for GST? Start With What You're Actually Selling
What "taxable," "zero-rated," and "exempt" actually mean for a new business, what an Input Tax Credit is, and how to know if you need to register for GST.
Read the guide →Do You Need WCB Coverage If You Have No Employees?
Workers' Compensation coverage isn't automatic for owners, shareholders, or partners — here's when you need it and the subcontractor risk to watch for.
Read the guide →Hiring Your First Employee: What Changes With WCB in Alberta
Coverage becomes mandatory the day someone works for you, with a 15-day registration deadline, a premium based on wages, and penalties for guessing wrong. Here's what to expect.
Read the guide →Using Your Personal Vehicle for Business as a Sole Proprietor
Why the CRA per-kilometre rate doesn't apply to the self-employed, and how to claim the business share of your actual vehicle costs.
Read the guide →Using Your Personal Vehicle for Corporate Business: The Per-Kilometre Allowance
How your corporation can pay you a tax-free per-kilometre allowance for driving your own truck, and the rules that keep it tax-free.
Read the guide →New resources are added regularly. If you have a question you'd like answered or a topic you'd like covered, reach out directly at joelentini@prairielinebookkeeping.ca
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