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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RRSP Excess Contribution: What It Is, Penalties, How to Fix It
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 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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15 Major Challenges Small Business Owners Face in Canada
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: Differences, Risks and De-Risking Tips
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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