Shareholder Benefits in Canada: What They Are and Tax Rules
If you own shares in your own company — maybe a small incorporated business or professional corporation — you’ve probably heard…
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Shareholder Loan in Canada: How It Works and Tax Rules
Imagine you own a small business (a corporation). One day, you need $20,000 for your personal use (say, to fix your…
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RRSP Contribution Rules and Strategies: Limits and Tax Tips
Imagine this: Sarah, a 30‑year‑old graphic designer in Toronto, earned $70,000 in 2024. She wants to save for retirement but also…
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Lease vs Finance a Vehicle: Pros, Cons and Tax Insights
When a small business or professional corporation in Canada considers acquiring a vehicle, the question arises: Should you lease or finance…
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Regular vs Quick Method of GST/HST for Small Businesses
Picking the right GST/HST accounting and reporting period is one of the fastest ways a Canadian small business can improve cash…
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17 Common CRA Audit Triggers: Tips for Small Businesses
If you operate in Toronto, Scarborough, Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington, or…
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