RRSP Contribution Rules and Strategies Simplified: Limits and Tax Tips for Canadians
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 in Canada: 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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RRSP Excess Contribution: The Complete Guide. What It Is, Penalties, and How to Fix It Fast
An RRSP excess contribution can sneak up on even the most diligent saver—especially if you contribute at multiple institutions, use a…
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Tax Write-Offs Available for Self-Employed Individuals in Canada
If you’re a self-employed professional, contractor, consultant, creator, or gig-economy worker in Toronto, Scarborough, Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North…
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17 Common CRA Audit and Review Triggers: Tips for Small Businesses in Canada
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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15 Major Challenges Small Business Owners Face in Canada: Practical Solutions and Useful Tools Provided
Canadian small businesses—from Toronto and Scarborough to Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington,…
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Employee vs Contractor in Canada: Key Differences, Risks and De-Risking Strategies
Getting “employee vs contractor” wrong is costly: payroll reassessments, penalties, and reputational fallout. The Canada Revenue Agency (CRA) uses a two-step,…
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