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      • Startup Resources
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Magnaltus 
Consulting
  • Home
  • About
  • Services
    • Education
    • Business Plans
    • Startup Advising
    • Business Registration
    • Business Consulting
  • Resources
    • Blog
    • Videos
    • Resource List
    • Startup Course
    • Registration Info
    • Startup Resources
  • Contact
  • Book Now

RESOURCES

1. Checking your credit score

Having a good credit score is important when applying for business loans and credit, mortgages, personal credit and loans, rental properties, and even sometimes jobs. Below are the websites we recommend for getting free credit score reports.


Credit Karma provides very thorough credit reports and also breaks down how your credit score is determined and which area your're doing well in and which areas you need to improve in terms of credit behaviour. This additional information can be found in the "understanding your score" section.


Credit Karma - https://www.creditkarma.ca/


Borrowell is another option that has similar features to Credit Karma. It pulls from Equifax whereas Credit Karma pulls data from TransUnion. 


Borrowell - https://borrowell.com/free-credit-score?utm_campaign=Refer10&utm_medium=web&utm_source=refer2022-2562834


2. Free bank accounts

Paying monthly bank fees for a chequing account is pretty ridiculous. Luckily, there are banks that provide daily banking without charging you money to hold your money.

Simplii Financial used to be known as President's Choice financial until separating. It is linked to CIBC and therefore clients can use CIBC ATMs without paying fees. The bank has most of the standard products and services but without the monthly fees. Follow the link below and get a $50 credit for signing up!

Simplii Financial

Tangerine is another great option for free banking in Canada. Tangerine is linked to Scotiabank which means their ATMs can be used for free by Tangerine clients. Like Scotiabank, Tangerine is a member of the Global ATM Alliance which means certain ATMs around the world can be used by Tangerine clients without having to pay withdrawal fees. Use the orange key 52425291S1 for a $50 credit when you sign up. 

Tangerine Bank

3. Useful YouTube channels for business and personal finance

Avalon Accounting - https://www.youtube.com/@AvalonAccounting
Magnaltus Consulting - http://www.youtube.com/@magnaltusconsulting
Canadian in a T-shirt - https://www.youtube.com/@CanadianTShirt
Jessica Moorhouse - https://www.youtube.com/@jessicamoorhouse
Women Entrepreneurs Saskatchewan - https://www.youtube.com/@wesk-womenentrepreneursofs30


4. Starting a business

If you're starting a business in Saskatchewan, here are a few useful resources:  
The ISC business registry is the site you want to visit to register your business and has options for proprietorship, partnership, corporation, and more.

ISC

Saskatchewan business startup checklist from Magnaltus Consulting

Saskatchewan Startup Checklist

Most cities will require you to register for a business license. Here is the link for the city of Saskatoon's licensing applications.

City of Saskatoon

Every business will have different start-up requirements and costs, however, the following link from SK Startup Institute provides a good base for the necessary start-up steps.

Start-up steps

Some businesses require additional licenses and permits, find out from BizPal for which ones you may need for operating in Saskatchewan. 

BizPal permits and licenses

The City of Saskatoon has a business startup guide available with useful resources.

Startup guide

The Business Exchange is a useful resource if you want to purchase an existing business or become a franchisee.

The Business Exchange

5. Saskatoon Real Estate Economics Blog

The Saskatoon Real Estate Economics Blog was started by Josh Buchanan in 2015 and since then he has written over 250 posts, has been interviewed by CBC news and on CBC radio, and been a reliable source of objective and thorough real estate analysis for the city of Saskatoon
The blog provides all kinds of statistics, trends, tips, historical information, economic analysis and raises questions regarding Saskatoon’s current residential real estate market.

Saskatoon Real Estate Blog

6. Options for business startup funding

If you're starting a business and need financing, here are a few resources to help you determine where and what kind of financing to get.


https://www.youtube.com/watch?v=HoO986BRrx0


https://www.youtube.com/watch?v=yYB-_9GEpUg 


https://innovation.ised-isde.canada.ca/innovation/s/?language=en_CA 


https://www.futurpreneur.ca/en/landing-page/bdc-web-referral/


https://www.youtube.com/watch?v=2tB_3a_dC9k&t=1759s

7. Free tax software

Doing your own taxes is a lot easier if you have the right software programs that simplify the process. Wealthsimple is a great option for preparing your taxes yourself.

Wealthsimple Software

TurboTax also provides a free option for tax preparation.

TurboTax Software

8. Business plan writing templates and guides

Need a business plan but want to prepare it yourself? Here are a number of useful resources:


https://www.bsbcon.com/wp-content/uploads/2021/06/Bsbcon-Sample-Business-Plan-Template.docx


https://skstartup.ca/guides/business-planning/writing-your-first-business-plan/  


https://skstartup.ca/wp-content/uploads/2022/04/Business-Plan-Template.docx  


https://skstartup.ca/wp-content/uploads/2023/02/Business-Plan-Basics-Checklist.pdf


https://businessplangenius.com/standard-plan/index.html


https://businessplangenius.com/premium-plan/index.html


https://www.oberlo.ca/blog/business-plan-examples


https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan


https://www.futurpreneur.ca/en/resources/start-up-business-planning/crash-courses/business-plan-essentials-a-quick-overview-of-whats-needed/


https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/business-plan-template?utm_campaign=how-to-get-a-business-loan&utm_medium=ebook&utm_source=ebook&utm_content=text-link


https://quickbooks.intuit.com/r/starting-a-business/business-plan-template/


https://quickbooks.intuit.com/oidam/intuit/sbseg/en_us/Blog/Downloadable-assset/Template/business-plan-template-us-en.pdf


https://www.saskatchewan.ca/business/agriculture-natural-resources-and-industry/agribusiness-farmers-and-ranchers/farm-business-management/business-plan-and-development-guides


https://www.conexus.ca/Business/Resources/StartingBusiness/


https://skstartup.ca/video-resources/executive-summary-and-business-introduction/


https://wesk.ca/wp-content/uploads/2023/02/WESK-Business-Plan-Guide-v1-Dec-2022.docx


https://thesoloentrepreneur.org/build-business-plan-free-template/

9. Tax deductions for self-employed individuals

If you own your own business, there are many expenses you can claim as tax deductions in order to reduce your taxable income. Here is a list of those expenses:

Tax Deductions list

The Government of Canada also has a list of deductible expenses.

Tax deductions list

10. Free business bank account

Free bank accounts are much harder to find for businesses than they are for individuals but BMO does have one option for free business banking. 

BMO EbUSINESS ACCOUNT

11. Resources for newcomers to Saskatchewan

The Global Gathering Place is a drop-in non-profit centre that provides personalized settlement assistance to refugees and immigrants.

the global gathering place

The Open Door Society's mission is to assist newcomers to Canada to become participating members of an inclusive and diverse community and country.

The open door society

Saskatchewan Intercultural Association provides programs and services that empower and relieve barriers for Newcomers and Indigenous people.

Saskatchewan Intercultural Association

12. GST/HST collecting for Canadian businesses

This video explains the basics of how and when to collect GST as a business in Canada. 

CRA GST Video

Canada Revenue Agency's basic information on GST collection and remittance for businesses.

CRA GST info

Canada Revenue Agency's video database

CRA Videos Database

13. Information for import/export businesses

This video explains the basics of how to import goods for sale in Canada. 

CBSA Import Video

Information from the CBSA on steps to importing commercial goods. 

CBSA Import GUide

More useful import resources:


https://www.youtube.com/watch?v=xUfugEXOkUg


https://www.international.gc.ca/controls-controles/index.aspx?lang=eng


https://www.youtube.com/watch?v=lIY8qg6PpRc


https://www.youtube.com/watch?v=iiP5m4Zru3w

14. Information for making business invoices

The information needed to be included on a business invoices

Invoice Info

15. Deductible vehicle expenses for businesses

Information on what tax deductions you can claim when using a vehicle for business use.


CRA website - https://www.canada.ca/en/revenue-agency/services/tax/businesses/small-businesses-self-employed-income/business-income-tax-reporting/business-expenses/motor-vehicle-expenses.html


YouTube video -  https://www.youtube.com/watch?v=dFAvW8huJmQ

16. Information on employee payroll deductions

Information on what employers must deduct from employees and how to remit it.

Payroll Deductions

More information on payroll deductions.

payroll deductions

17. Information on different types of insurance for businesses

Information on the various types of insurance a business may want or need. 

BUSINESS INSURANCE VIDEO

More information on business insurance.

business insurance options

Additional link on business insurance.

business insurance options

18. Information on collecting PST in Saskatchewan

Main PST website - https://www.saskatchewan.ca/business/taxes-licensing-and-reporting/provincial-taxes-policies-and-bulletins/provincial-sales-tax


WESK PST webinar - https://www.youtube.com/watch?v=wJHBInv8dhM&t=2616s


Jessica Moorhouse on PST - https://www.youtube.com/watch?v=wL4P-q4wUHQ


19. City of Saskatoon Zoning Bylaw Information

Saskatoon interactive zoning bylaw map - https://citysaskatoon.maps.arcgis.com/apps/webappviewer/index.html?id=20597b40346845c8ac42539278072319


General zoning information - https://digital-zoning-bylaw-citysaskatoon.hub.arcgis.com/

20. Information on opening a food business in Saskatchewan

Provincial food business requirements - https://www.saskhealthauthority.ca/your-health/conditions-illnesses-services-wellness/all-z/food-safety/requirements-opening-food-business


Provincial food safety requirements - https://www.saskatchewan.ca/residents/environment-public-health-and-safety/food-safety


More information - https://www.saskhealthauthority.ca/your-health/conditions-diseases-services/food-safety

21. City of Saskatoon specialty business information

Additional information for businesses such as restaurants, day cares, and transportation companies. 


City of Saskatoon Business Information

22. Business resources for entrepreneurs with disabilities

Community Futures webinar for business supports - https://www.youtube.com/watch?v=aPf09g5ltv8


Entrepreneur with disability resources information - https://cfsask.ca/programs/entrepreneurs-with-disabilities-program-edp

23. Government funding programs for businesses

Options for expansion funding in Canada

Business Funding and Grants

24. Business income tax reporting information

Details on how to properly determine business income and expenses

Business income tax reporting

25. Registering a Trademark in Canada

Government of Canada Trademarks website:  https://ised-isde.canada.ca/site/canadian-intellectual-property-office/en/trademarks


Information video: https://www.youtube.com/watch?v=425-R3Ki_-c


Trademarks, patents, and copyright video: https://www.youtube.com/watch?v=IVYAOy466vs

Business income tax reporting

26. Website Search Engine Optimization (SEO)

SEO Video:  https://www.youtube.com/watch?v=Fw-pomaxrnE

27. Meta Advertising Guide

A guide for improving ads on Meta (Facebook and Instagram)


Meta Ad Guide

28. Website Analysis Tools

BDC Website Analysis tool: https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/free-website-evaluation


Page Speed Insights tool: https://pagespeed.web.dev/


29. Employee vs. independent subcontractor explanation

Avalon Accounting YouTube video - https://www.youtube.com/watch?v=GqWmyEW34wE&t=98s

30. CRA business checklist for self-employed

CRA checklist - https://www.canada.ca/en/revenue-agency/services/tax/businesses/small-businesses-self-employed-income/checklist-small-businesses.html

31. CRA business industry data

CRA checklist - https://ised-isde.canada.ca/site/financial-performance-data/en

32. CRA impotant business terms and definitions

https://www.canada.ca/en/revenue-agency/services/tax/businesses/definitions-letter-a-business.html#Sl_prprtrshp

33. Saskatchewan Workers' Compensation Board videos

https://www.youtube.com/playlist?list=PLlqJqQCasJToxbKVCnHCfAcspRZsoHdrW

34. Digital marketing strategy resources

https://www.godigitalsask.ca/resources

35. More business resources

BDC has a large library of business resources from startup to succession.


BDC Business resources

36. CRA small business and self-employment tax information PDF

A PDF from the CRA with guidance on small business and self-employment taxes

CRA tax PDF

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