Blog
Browse below to learn the latest news, trends, and tips regarding accounting and taxes.
How Far Back Can the CRA Audit You? What Canadians Need to Know
The Canada Revenue Agency has the authority to review, reassess, and audit past tax returns—but those powers are not unlimited. Understanding CRA time limits, exceptions, and record-keeping rules is critical for protecting yourself from unexpected reassessments and penalties.
2026 Guide to GST/HST Registration: When You Must Register & How to File
GST/HST registration is one of the most misunderstood obligations for Canadian business owners. Many individuals and corporations fail to register on time, while others register unnecessarily—both of which can lead to CRA penalties, interest charges, and audits.
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.