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What to Expect from a Professional Bookkeeping Service
Hiring a bookkeeper should make the financial side of the business easier to follow. That does not mean you stop seeing the books or hand over every financial decision. A...
Tax Accountant vs. Bookkeeper: What Does Your Business Actually Need?
Business owners often reach a point where keeping the finances organized takes more time than expected. The bank needs reconciling, payroll has to be posted properly, GST/HST...
Small Business Accountant in Mississauga: What to Look For
Choosing an accountant is easier when you know what you need help with. One business may only need straightforward year-end accounting. Another may have employees, GST/HST...
Accountant for Incorporated Businesses in Mississauga and the GTA
Once a business is incorporated, the accounting usually involves more moving parts. The corporation has its own records, tax filings, and financial obligations, while money...
CRA Mail Is Moving Online: What Individuals and Business Owners Need to Do
An email from the CRA can look routine, particularly when it only says that new mail is available. The details are not in the email. They are in the document posted to the...
GST/HST Credit Renamed the Canada Groceries and Essentials Benefit: What Canadians Should Know
Anyone checking their July benefit information may notice a different name. The former GST/HST credit is now the Canada Groceries and Essentials Benefit, or CGEB. The July...
A Quick Guide for GST and PST Rates in Canada
Understanding the different GST and PST rates in Canada is essential for businesses that sell products or services to Canadian customers. Charging the wrong rate can lead to...
Monthly Bookkeeping Services for Growing Canadian Businesses
As a business takes on more clients, staff, locations, or service lines, the bookkeeping can become harder to keep up with casually. Deposits need to be matched properly,...
Bookkeeping Services for Incorporated Small Businesses in Ontario
For an incorporated business, bookkeeping needs to make the corporation’s activities easy to follow. Payments, deposits, payroll entries, GST/HST amounts, owner withdrawals, and...
What Medical Expenses Can You Claim on Your Taxes in Canada?
If you’re a business owner and you are wondering what healthcare expenses are deductible in Canada, here are some key points to get you started.
What to Do if You Make a Mistake on Your Tax Return in Canada
Have you ever filed your tax return and then immediately realized something was wrong? Maybe you forgot a slip, entered the wrong amount, missed a deduction, or claimed a credit...
How to Represent a Client with the CRA: A Step-by-Step Guide
When it comes to dealing with the Canada Revenue Agency, professional representation can make a significant difference. Whether the issue involves a CRA review, audit,...
Corporate Gifts
Corporate gifts can be a thoughtful way to thank employees, clients, contractors, vendors, and other key stakeholders. They may also help strengthen business relationships,...
Tax Implications of Divorce or Separation for Business Owners
If you are a business owner and you are in the process of a separation or divorce, what are the tax implications of divorce for you and your business? Here’s a quick overview.
How to File Your Taxes When You Have Income and a Side Business
Got a regular job and running a small business at once? He’s a quick overview on how to file your taxes when you have income and a side business.
Am I Required to Make Tax Installment Payments in Canada?
If you owe the CRA money this year through your business in Canada, you may be wondering if you’re required to make tax installment payments.
CRA mileage rates and reasonable automobile allowances
Do you drive your personal vehicle for business purposes? Your employer may reimburse you for these costs using a CRA-approved automobile allowance. Keep reading to learn more...
Understanding Canadian tax statements: T3, T4 and T5
Need some help understanding Canadian tax statements from an experienced accountant? Here’s a quick guide to the T3, T4 and T5.
4 Ways the CRA Uses Technology to Watch You
Technology has provided us with faster ways to do business and access information. Unfortunately, the CRA can benefit from tech as well. Here’s how the CRA uses technology to keep tabs on you and your business.
Self-Employed VS Personal Services Business — Definition & Tax Implications
Are you self-employed or a contractor with only one client? If so, the CRA may decide you’re a Personal Services Corporation.
Rules About Charitable Giving for Small Businesses Made Simple
In short, the CRA treats the voluntary transfer of property or cash as a gift. Here’s a quick overview of the rules about charitable giving for small businesses in Canada.
Does Your Corporation Need a Minute Book in Ontario?
As a business owner you may ask, does your corporation need a minute book in Ontario? In short, yes.
What Are the Canadian Business Expense Rules for your Vehicle?
Canada’s tax laws allow you to claim your vehicle as a deduction, but there are conditions. Here are the Canadian business expense rules for your vehicle.
How Does A Divorce Affect Your Tax Return in Canada?
Whenever it comes to tax, there are critical things you need to consider after divorce. Here’s how a divorce affects your tax return in Canada.
Capital Cost Allowance: understanding leasehold improvement allocations
Accounting for all possible deductions is an important part of income tax preparation. Capital Cost Allowance (CCA) is one of the most important tax deduction systems available...
Top Tips for Changing the Fiscal Year-End of a Business in Canada – Part 2
Do you need some help with changing the fiscal year-end of a business in Canada? The second article in our 2-part series details what you need to do to move forward.
How to Change the Fiscal Year-End of a Canadian Business – Part 1
Need to change the fiscal year-end of a Canadian business? In this 2-part series we examine what you should know before you get started.
Tips on How to Transition to a Paperless Office
There are many reasons to make a transition to a paperless office. Here are some of the benefits, plus some tips on how to make it happen.
CRA-Approved Business Travel Tax Deductions You Need to Declare
No one wants to pay more tax than necessary, so take advantage these of CRA-approved business travel tax deductions.
RRSP or TFSA? The Best Option for Small Business Owners
RRSP or TFSA? Whatever type of account you decide to use, it’s never too early or too late to start saving for your future.
Underused Housing Tax: What Business and Property Owners Should Know
In a bid to address the challenge of housing availability and affordability, the Canadian Government introduced the Underused Housing Tax (UHT). This tax, often overlooked, is...
4 Small Business Tips for Filing HST
Will your business be filing HST this year? Here are some tips on how to file correctly and avoid any potential hassle from the CRA.
Family Successions: What Bill C208 Means for Small Businesses in Canada
Planning a family succession? Here’s a quick overview of what Bill C208 means and its impact on your small family business.
Boost your business digital strategy with the Canada Digital Adoption Program
Is your business taking advantage of the Canada Digital Adoption program? Learn more about CDAP two initiatives and how they can support business growth through a digital...
How to Reduce Tax Liability When Planning a Family Succession for Your Business
Planning on handing over your business to the kids? Here are a few tips on how to reduce tax liability when planning a family succession for your business.
Important Canada Tax Deadlines for 2026
Understanding and adhering to Canada’s tax deadlines is crucial for employers, organizations, and individuals across the country. These deadlines serve as key checkpoints that...