Introduction The 2025 Federal Budget introduces several personal income tax measures designed to support workers, simplify tax filing, enhance benefit delivery, and modernize investment rules. At Aura Finance Inc, we’ve summarized the key highlights that matter most for individuals, families, and businesses across Canada. 1. Personal Support Workers Tax Credit To recognize the vital contributions

Introduction The accounting world is in the midst of a major transformation. For decades, financial management relied on manual data entry, piles of paperwork, and time-intensive processes. Accountants were often buried under repetitive tasks — balancing ledgers, reconciling accounts, and preparing reports by hand. Today, automation and artificial intelligence (AI) are rewriting that story. The

Inheriting property in Canada can be a significant life event, but it often comes with complex tax implications. While Canada does not have a formal “inheritance tax” levied on the beneficiary, the estate of the deceased is subject to tax, primarily due to the “deemed disposition” rule. Understanding this, and the subsequent tax implications for

For businesses in Toronto, Canada, growth often hinges on timely access to capital. Whether it’s expanding operations, hiring new talent, investing in technology, or managing seasonal cash flow, having the right funding is essential. Yet, one critical factor is often overlooked: the role of your accounting data in determining borrowing power. At Aura Finance, we

Numbers That Matter: Linking Accounting Health to Loan Readiness Numbers That Matter: Linking Accounting Health to Loan Readiness Accessing financing is one of the most critical steps for growing a business. Yet, many companies struggle to secure loans, not because their ideas aren’t viable, but because their financial health isn’t properly documented or communicated. The

When it comes to securing a loan—whether for a personal purchase, a business expansion, or a mortgage—your financial records speak louder than words. Lenders don’t just look at your income or credit score; they analyze your entire financial picture, including cash flow, tax compliance, and the accuracy of your accounting. Even seemingly minor bookkeeping mistakes

Securing business financing is a critical step for companies looking to grow, invest in new projects, or stabilize cash flow. While lenders focus heavily on financial records, cash flow projections, and business plans, the guidance of a skilled accountant can make the difference between approval and rejection. Accountants do more than just prepare numbers—they act

When you’re applying for a loan—whether it’s for a business expansion, purchasing a home, or covering personal expenses—one factor consistently determines your chances of approval: your financial records. Lenders rely heavily on these documents to assess your creditworthiness, risk level, and overall financial health. Simply put, strong financial records can make or break your loan

For many Canadian entrepreneurs, access to capital is the lifeline of their business. Whether it’s launching a new venture, expanding operations, or simply managing day-to-day cash flow, securing business funding plays a vital role. But what if you have a low credit score? Does that automatically disqualify you from getting the funding you need? The

Scaling a startup is one of the most exciting milestones for any entrepreneur. It means your idea has traction, your product has demand, and your business is ready for the next leap. But here’s the truth: scaling without a proper financial strategy can be dangerous. Many startups grow too quickly, overspend, or fail to manage