Black Spruce Financial

07/09/2020

In Part 1 of "What Do I Do With My Retained Earnings" we’ve talked about (a) what retained earnings are (b) why it’s important to focus on this column of your balance sheet and (c) proactive ways to use these retained earnings. You can find our first article here: https://www.blacksprucefinancial.com/uncategorized/what-do-i-do-with-my-retained-earnings-part-1/

Now, introducing Part 2 of the article series where we tackle on important factors in your decision making process when deciding how to allocate your profits. Found Here:

The decision isn’t always so distinct with respect to where a business should be putting its retained earnings. Re-investing in... Read more about What Do I Do With My Retained Earnings? (Part 2)

07/01/2020

Happy Canada Day! Today we celebrate our love for this beautiful and prosperous country.

As small businesses are already appearing to open up, it might be practical to look at investing in the future of your company - for its longevity.

When your small business starts turning a profit (aka retained earnings), where might you allocate them? - this is quite a big topic and so, I will have to leave you with a cliffhanger… stay tuned for Part 2!

When your small business starts turning a profit, what do you do? This is a good problem to have! Imagine... Read more about What Do I Do With My Retained Earnings? (Part 1)

06/02/2020

In light of the events happening that have affected our worldly financial position, now, more than ever, we need our government to do what’s right and fair to maintain the balance of our tipping financial crisis and debt by stimulating growth in the economy. The question stands whether the answer to this unexpected problem lies in our taxation system.

Ever wonder why The Beatles left their home country to come to America? Some believe for the sake of escaping the insanely high-income tax rate in Britain of 80%! As a result, we have the song, “Taxman".

05/18/2020

With about 97% of business in Canada being small businesses, the numbers send a clear message: small businesses continue to form the backbone of the Canadian economy. ⁣
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Political coverage tends to focus on national and macro-economic trends which makes it easy to forget that so much of what makes the Canadian economy function happens at a local, community level. ⁣
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Find out the essential truths about why small businesses are vital to our economy.

The central truth of our business ecosystem is that small and large companies exist and are mutually dependent on each other. While it might seem as if the jumbo firms could do without the tiny shoestring operations, their need for outsourcing research and creative ideas come from much smaller, nimb...

05/04/2020

We are in unprecedented times and while COVID-19’s brutal world tour is not over yet - many small businesses are looking to stop all operations and functions. However, should SME’s look at 2020 as a Write-Off and cancel the year because it holds no value or simply Write It Off and carry those losses over to the next year?

To the difficult challenges that may come our way in business, we wanted to share our opinion and approach given these worldly circumstances...

Reality check – the economic crisis is severe but not the end of the world. On a block of darkened... Read more about For Small Businesses Is 2020 A Write-off or Should You Write It Off?

03/28/2019

Canadians often wonder why insurance is necessary and what advantages are gained, long and short-term, by having coverage in place. If you are interested, care, or are even concerned about protecting the wealth of yourself and your family, then insurance should absolutely be included in your financial plan. To learn more, download our ebook here!

03/01/2017

Are you missing out on the benefits of including alternavite investments in your portfolio? http://ow.ly/FWUi309trTv

When people think of investments, they usually think of stocks and bonds. But there is a whole world of investments... Read more about Should You Jazz Up Your Portfolio with Alternative Investments?

02/28/2017

Imagine your life plan is in place - what's next?! http://ow.ly/4akP309eyqM

Congratulations, you have a life plan! What’s next? Once you have a plan in place, it can be tempting to... Read more about Monitoring the Plan

02/27/2017

Have you made this financial mistake? http://ow.ly/A3Wz309eyi9

I’ve been in this industry for nearly 15 years, which means I’ve seen my fair share of successes, hurdles, and... Read more about The Biggest...