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21 in 21: Learn to Run a Canadian Business in 21 Days!
Rating: 4.8 out of 5(190 ratings)
869 students

21 in 21: Learn to Run a Canadian Business in 21 Days!

What is essential to know and understand about running a business in Canada.
Created byNaomi Wilkins
Last updated 2/2021
English
English [Auto],

What you'll learn

  • Learn what is essential to know about running a business in Canada
  • Downloadable Checklists, Guides and Worksheets
  • Tech Stack and E-Hacks for Canadian Businesses
  • From Taxes to Financials, Regulations to Software Programs, this course covers it all

Course content

1 section21 lectures6h 8m total length
  • Day 1: Incorporated Vs Not Incorporated19:04

    Welcome to Day 1! Incorporated Vs Not Incorporated (And How You Are Taxed).

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Incorporated Vs Not Incorporated Quiz
  • Day 2: Bookkeeping Vs Accounting15:26

    Welcome to Day 2! Bookkeeping Vs Accounting (Vs Record Keeping).

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience! 

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Bookkeeping Vs Accounting
  • Day 3: Cash Vs Accrual11:48

    Welcome to Day 3! Cash Vs Accrual (Dates are important!)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Cash Vs Accrual
  • Day 4: Income Tax Vs Sales Tax18:15

    Welcome to Day 4! Income Tax Vs Sales Tax (And Other Types Of Taxes)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Income Tax Vs Sales Tax
  • Day 5: How GST/HST Works21:38

    Welcome to Day 5! How GST/HST Works (And How It Can Save You Money)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!  Also included is the downloadable page for TOMORROW's notes and takeaways. Print it ahead of time so you're ready to dive right in tomorrow!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • How GST/HST Works
  • Day 6: Registering Your Business10:59

    Welcome to Day 6! Registering Your Business (and the CRA Business Number Explained)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Registering Your Business
  • Day 7: The Ultimate Business Hack19:54

    Welcome to Day 7! The Ultimate Business Hack! (That will save you loads of time and money).

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience! 

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 3 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • The Ultimate Business Hack
  • Day 8: Tracking Your Deadlines22:25

    Welcome to Day 8! Tracking Your Deadlines (And Avoiding Audits!)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience! 

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Tracking Your Deadlines
  • Day 9: Income Statement and Balance Sheet Explained23:03

    Welcome to Day 9! The Income Statement and Balance Sheet Explained (and how to read them!)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Income Statement and Balance Sheet
  • Day 10: Assets Explained12:43

    Welcome to Day 10! Assets Explained

    In today's lecture I discuss what should and shouldn't be considered an asset. Here's a link to CRA's guidelines regarding if something is an asset ("Capitalized Expenditure") or a current expense, for tax purposes: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-expenses/current-capital-expenses.html

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Assets Explained
  • Day 11: The Totals22:05

    Welcome to Day 11! The Totals (An explanation of the list of the GL Accounts).

    Included with today's lecture is a HANDY DANDY DOWNLOADABLE! Today's Handy Dandy Downloadable is "CRA Categories and Explanations". Knowing what totals CRA requires at the end of the year can help you plan and decide what totals you want and need to track for your business!

    Also included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • The Totals
  • Day 12: What you can claim14:01

    Welcome to Day 12! What You Can Claim (and Keepin' it Real)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • What you can Claim
  • Day 13: Mixed Use Expenses15:44

    Welcome to Day 13: Mixed Use Expenses

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Mixed Use Expenses
  • Day 14: Tracking Your Paperwork26:31

    Welcome to Day 14! Tracking Your Paperwork

    Included with today's lecture are HANDY DANDY DOWNLOADABLES! The first Handy Dandy Downloadable are pre-formatted labels for you to print for your file folders for organizing your business paperwork. They are designed to be printed on mailing labels that are 30 to a page. One set is for 2021, and the other set is just a general set, potentially for 2022. Though, just writing on the folders is a way to save printer ink ;) The second Handy Dandy Downloadable is a list of the Practical Tips for Tracking Your Paperwork that I discuss in the lecture. In the lecture I mention keeping a bank deposit book. You can buy these from your bank, but you can also use your own deposit slips! So I've also included a "Bank Deposit Page" Template for you to download and use!

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Tracking Your Paperwork
  • Day 15: Tech Stacks and E-Hacks21:58

    Welcome to Day 15! Tech Stacks & E-Hacks (Plus my personal Tech Stack!)

    Some of the Apps I discuss in today's lecture: Quickbooks Online, Receiptbank, Xero, Hubdoc

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    No Quiz today!

    Be intentional today! Get out there and be that business that thrives!

  • Day 16: Setting up the Systems17:47

    Welcome to Day 16! Setting Up The Systems (With Checklists!)

    Included with today's lecture are HANDY DANDY DOWNLOADABLES! The first downloadable is a pdf example of a monthly checklist you can use to stay on top of your monthly processes. The second downloadable is a pdf example of a checklist that covers the entire year instead of just one month. The third downloadable is a the source excel file for these checklists. You can modify this to list your own specific accounts and due dates.

    Also Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    In place of a quiz today, there is a downloadable worksheet for you to fill out and create your own Success Routine!

    Be intentional today! Get out there and be that business that thrives!

  • Day 17: Hiring a Bookkeeper13:26

    Welcome to Day 17: Should You Hire A Bookkeeper? (Get it checked, consider passing it on).

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    No Quiz today! We're in the home stretch now... :)

    Be intentional today! Get out there and be that business that thrives!

  • Day 18: Employees Are Expensive23:01

    Welcome to Day 18! Employees Are Expensive (And Employees Are Priceless!)

    Included with today's lecture is a HANDY DANDY DOWNLOADABLE! Today's Handy Dandy Downloadable is a simplified spreadsheet that you can use to track your employee's wages and deductions. There are also other templates available online that offer more detail, such as vacation pay accrued, etc. CRA has an online calculator for calculating the payroll source deductions can be found at: https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/payroll-deductions-online-calculator.html Payroll Apps and Softwares are available so that you do not have to calculate and track all this yourself though. Some options are Payment Evolution, Payworks, Wagepoint, or the imbedded Payroll Addon through Quickbooks

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    Don't skip the Quiz! The Quiz helps you to cement what you have heard into your brain! Only 5 questions, it's quick n' easy!

    Be intentional today! Get out there and be that business that thrives!

  • Employees Are Expensive
  • Day 19: The Ultimate New Business Research Checklist18:50

    Welcome to Day 19! The ULTIMATE New Business Research Checklist.

    Included with today's lecture is a HANDY DANDY DOWNLOADABLE! Today's Handy Dandy Downloadable is the ULTIMATE New Business Research Checklist; your guide on the quest of what you need to dig deeper into for your specific industry and jurisdiction.

    Also included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    There's no Quiz today! Instead, this is a great time to look into starting a password manager for all these logins and passwords you'll need to keep track of!

    Be intentional today! Get out there and be that business that thrives!

  • Day 20: Networking and Resources9:00

    Welcome to Day 20! Networking & Resources (No Business Is An Island)

    Included with today's lecture is a downloadable page with a place for notes, and with the "Main Takeaways" listed for your convenience!

    No Quiz today! Just an assignment: Find your local Small Business Enterprise Centre and/or Economic Development Centre :)

    Be intentional today! Get out there and be that business that thrives!

  • Day 21: Bringing it All Together11:08

    Welcome to Day 21! Bringing It All Together (Bringing Control To Your Business)

    Thank you so much for taking the course 21 in 21: Learn to run a Canadian Business in 21 days.

    I am so excited to see your business launch and thrive! If you use any of the tips and hacks you’ve learned about in this course, and want to share it with the community of Thriving Business Leaders, Share it with me on Twitter and Instagram, and also use the hashtag #BeThatBusiness. I want to see what you are capable of, and I want you to inspire others to follow your lead, and be that business that thrives!

    Be intentional today! Get out there and be that business that thrives!

Requirements

  • This is a beginners course, and no prerequisites are required.

Description

Learn about what is essential to know and understand to avoid the common mis-steps that can cost entrepreneurs time and money.

Each lecture is less than 21 minutes long, and there are 21 lectures, plus downloadable checklists, guidelines, and worksheets.

This course goes over taxes, regulations, saving money, what the financial reports are that banks ask for and how to read them. We’re going to talk about deadlines you need to be aware of, what you can claim to reduce income taxes, what a general ledger is and what CRA asks for at the end of the year. We’re going to address common misconceptions that can end up causing grief and wasted money. We’re also going to discuss hacks for tracking your paperwork, and what the best bookkeeping programs are, and I’m going to share my personal tech stack for bringing it all together. Also provided are checklists that you can use to keep your system on track. This is a crash course. I touch on a lot of points, and I do go into some deep dives.

What you will have when you are done this course is a level of awareness of what you already knew, and also what you didn’t realize you didn’t know that could have cost you thousands of dollars for not knowing. And you will be primed to set yourself up for success.

Who this course is for:

  • Planning on Starting a Business in Canada