by Ebrahimjee & Essaji Professional Accountants | Aug 31, 2026 | Accounting Tips
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 moving between the company and its owners needs to be recorded carefully. For business owners...
by Ebrahimjee & Essaji Professional Accountants | Jul 31, 2026 | Accounting Tips, Blog, Tax Planning
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 payment was also higher. Regular quarterly amounts increased by 25% beginning in July 2026, with...
by Ebrahimjee & Essaji Professional Accountants | Jul 29, 2026 | Accounting Tips, Tax Planning
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 inaccurate invoices, bookkeeping problems, unexpected tax liabilities and possible interest or...
by Hussein Ebrahimjee | Feb 21, 2026 | Accounting Tips, Small Business Tips, Tax Planning
Technology has changed how Canadians do business, earn income, receive payments, and keep records. It has also changed how the Canada Revenue Agency identifies tax-compliance risks. The CRA uses digital tools, third-party information, data analytics, and,...
by Hussein Ebrahimjee | Feb 6, 2026 | Accounting Tips, Small Business Tips, Tax Planning
Canada’s tax rules may allow you to claim vehicle expenses when you use a vehicle to earn business income. However, the rules are specific, and the amount you can deduct depends on how much the vehicle is used for business versus personal purposes. For many business...
by Mohammed Essaji | Jan 20, 2026 | Accounting Tips, Blog, Small Business Tips, Tax Planning
If your fiscal year-end no longer meets your business needs, you may be able to change it. However, the process depends on how your business is structured and whether the Canada Revenue Agency needs to approve the change. In Part 1, we explained how fiscal year-end...
