Abmtax

𝗣𝗿𝗼𝗳𝗶𝘁 ≠ 𝗖𝗮𝘀𝗵 𝗙𝗹𝗼𝘄.

You can be profitable on paper and still have no cash in the bank.

Why?
Because things like loan payments, equipment purchases, and principal payments don’t always count as expenses for tax — but they still take your cash.

This is where most business owners get confused… and make bad decisions.

Understand your numbers. Protect your cash.

🇨🇦 Follow for real business insights or reach out to ABMTax to stay ahead.

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Tired from paying bank fees for your business?

We have a solution for you!

ABMBooks platform allows your business to send invoices to your customers with the payment links. The most beautiful thing here is that you can choose to pass on the payment processing fees to your clients!

At ABMBooks, we always think about the business owners and how to reduce their expenses to allow their business to grow smoothly.

Click the link in bio to learn more about ABMBooks platform.

Sign up on on ABMBooks for free today and start growing your business with us!

Most business owners don’t realize this is costing them money. 💳

Every time a customer pays by Visa, Mastercard, or Amex, you’re paying a processing fee — and it adds up fast.

With ABMBooks, you can now pass that fee directly to your customer when they choose to pay by card.

No more hidden costs. No more eating into your profit.

Keep your margins. Stay in control.

🇨🇦 Built for small businesses that want to grow smarter.

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Setting up payroll? Don’t miss this. ⚠️

Most business owners don’t realize you must account for vacation pay and statutory holidays when paying employees.

A simple rule:
👉 Vacation pay is typically 4% (2 weeks) — that’s $4 for every $100 earned

On top of that, stat holidays are calculated differently depending on your province — and getting it wrong can cost you.

Keep it simple. Stay compliant. Pay your team the right way.

🇨🇦 Follow for more payroll tips or reach out to ABMTax for support.

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Overcontributing to your RRSP can cost you more than you think. ⚠️

We recently saw a case where a business owner exceeded their RRSP limit and is now facing CRA penalties and a complicated withdrawal process.

Removing excess contributions isn’t simple — it can lead to additional taxes and delays if not handled properly.

Before contributing, make sure you know your limits and plan properly.

🇨🇦 Talk to ABMTax to avoid costly mistakes and stay compliant.

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If you work in healthcare, this tax credit could benefit you. 🏥

The Personal Support Worker Tax Credit is a refundable credit, meaning you may still receive money back even if you already have a refund.

If you’ve paid expenses related to your job, you could be eligible to claim additional benefits on your tax return.

Many people don’t realize they qualify — don’t miss out.

🇨🇦 Contact ABMTax or follow for more tax tips.

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