Blog
Browse below to learn the latest news, trends, and tips regarding accounting and taxes.
What Expenses Can a Corporation Write Off in Canada?
Understanding which expenses a corporation can legally write off in Canada is essential for minimizing taxes and avoiding CRA audits. While corporations are entitled to deduct reasonable business expenses…
Differences Between T2 Corporate Return and T1 Self-Employed Return
Understanding the difference between a T1 self-employed tax return and a T2 corporate tax return is essential for Canadian business owners.
Should I Contribute to an RRSP or TFSA in 2025?
As Canadians plan for retirement and savings in 2025, RRSPs and TFSAs remain two of the most effective tax-advantaged accounts. But which one is right for you?
How to Reduce Your Tax Burden as a Contractor in Ottawa
Contractors in Ottawa face unique tax challenges. Unlike employees, they manage their own income, expenses, and tax remittances. Without proper planning, contractors can end up paying more than necessary.
Can the CRA Freeze My Bank Account? What to Do if It Happens
If you’ve ever woken up to find your bank account frozen by the Canada Revenue Agency (CRA), you know the feeling of panic that follows. Suddenly, you can’t access your money, pay bills, or make business transactions — and you may not even understand why.
How to Reduce Your Personal Taxes in Canada: Legal Strategies for 2025
The 2025 tax season in Canada brings new rules, higher inflation adjustments, and expanded credits—but also more CRA scrutiny. Whether you’re an employee, freelancer, or small-business owner, smart, legal tax planning is essential to keep more of what you earn.
How to Respond to a CRA Review or Audit Letter
For many Canadians, nothing feels more stressful than opening the mailbox and seeing an envelope from the Canada Revenue Agency (CRA) marked “Review” or “Audit”.
Should I Hire an Accountant or Use TurboTax? Pros and Cons for Canadians
Deciding whether to “hire an accountant or use TurboTax” is one of the most common questions Canadian taxpayers — especially small business owners in Ottawa — ask every tax season. The short answer: for simple, one-job, straightforward returns TurboTax (or similar DIY software) is often fine;