Blog
Browse below to learn the latest news, trends, and tips regarding accounting and taxes.
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...
Everything to Know About Income Splitting in Canada for 2025
Income splitting has long been a valuable tax strategy for Canadian families seeking to minimize their overall tax burden by redistributing income among family members in lower tax brackets. As we navigate through 2025, understanding the intricacies of income...
How to Calculate and Report Payroll Remittance in Canada
Managing payroll remittances is a crucial responsibility for Canadian business owners. Ensuring accurate payroll deductions and timely remittances to the Canada Revenue Agency (CRA) helps businesses remain compliant with tax regulations and avoid penalties. This guide...
Everything You Need to Know About Tax Treatment of Dividend Income in 2025
Dividend income is a crucial component of many Canadians' investment portfolios, providing a steady income stream while offering potential tax advantages. Understanding how dividends are taxed in Canada is essential for optimizing tax efficiency and avoiding...