Small business owner (Candy), who runs a boutique clothing store in Vancouver. She is looking for financial advisor advice on selecting the right banking account and credit card for her business. She has shared some details about her business operations below:

Average monthly revenue: $20,000

Types of Transactions: In-store sales (majority of revenue), Online sales (small but growing portion), Supplier payments, Employee payroll, Monthly rent and utilities, Occasional business travel expenses for trade shows.

Recommend an appropriate small business banking account (Canadian banks).

a. Business banking account: Recommend a specific type of business banking account that would be suitable for Candy's boutique clothing store. Explain why you recommend this type of account and highlight its key features that align with her business operations and goals. You can go to your preferred Canadian banks website and review the accounts there and make a recommendation.

b. Business credit card: Suggest a business credit card that complements the banking account you recommended. Explain the benefits and features of this credit card that make it a good fit for Candy's business, considering her transaction types and potential financial benefits.

c. Integration of online sales: Since Candy's business includes online sales, discuss any online banking or e-commerce features that the recommended banking account or credit card may offer to support her online transactions and payment processing.

In your recommendations, consider the specific needs of Candy's boutique clothing store and how the chosen banking and credit card options can help her efficiently manage her business finances and support growth.