Blog
Browse below to learn the latest news, trends, and tips regarding accounting and taxes.
How to Protect Your Small Business from a CRA Tax Audit
For small business owners in Canada, a CRA tax audit can be stressful, time-consuming, and potentially costly. Even when your records are accurate, the process can disrupt your operations and take focus away from running your business.
Work-from-Home in Canada: What Can I Write Off in 2025?
The COVID-19 pandemic permanently reshaped how Canadians work. Even in 2025, thousands of employees and business owners continue to run operations from home. This shift not only changes how we work—it changes how we file taxes.
How to Pay Yourself as a Small Business Owner in Canada?
As a small business owner in Canada, one of the most important decisions you’ll make is how to pay yourself. Whether you're operating as a sole proprietor, a partnership, or a corporation, understanding how compensation works not only impacts your personal finances...
What Triggers a CRA Audit? Top Red Flags for Canadian Businesses
If you're a business owner in Canada, the words “CRA audit” can send a shiver down your spine. But here’s the truth: not all audits are cause for panic, and many are preventable. By understanding what triggers an audit from the Canada Revenue Agency (CRA), you can...
Top 5 Accounting Software 2025 | Choose the Right Accounting Software for Your Small Business
Choosing the right accounting software is a critical decision for any small business. Effective accounting software can streamline your financial management processes, save time, and improve accuracy, ultimately contributing to the overall health and growth of your...
Bookkeeping Tips for Small Business Owners: A Comprehensive Guide
Effective bookkeeping is the backbone of any successful small business. It not only ensures compliance with tax regulations but also provides insights into your business's financial health. For small business owners in Ottawa and across Canada, understanding and...
Can I Deduct My Home Office Expenses?
Working from home has become increasingly common in Canada, and understanding the tax implications of a home office is essential for maximizing deductions. Whether you're self-employed, a small business owner, or an employee, this comprehensive guide will help you...
2025 Corporate Tax Rates and Small Business Tax Rates in Canada: The Ultimate Guide for New Business Owners
Starting and running a business in Canada is exciting, but one of the first lessons every entrepreneur quickly learns is that taxes are a big part of the journey. Whether you're launching a small startup in Ottawa or managing an established corporation, understanding...