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.
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...
Accounting Software for Small Business: How to Choose in Canada
What small business accounting software has to handle in Canada, how QuickBooks Online, Xero, FreshBooks and Wave compare on their own published features, and how to set up your file properly.
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...
Home Office Expenses in Canada: What You Can Deduct for 2026
Employees and self-employed people can both deduct home office costs for 2026, but under different rules. Here is who qualifies, what you can claim, how to calculate it and which forms you need.
Corporate Tax Rates in Canada 2026: Federal and Ontario Guide
Federal and Ontario corporate tax rates for 2026, including the July 1 cut to Ontario’s small business rate, the $500,000 business limit, the passive income grind and T2 deadlines.
Income Splitting in Canada: What Still Works in 2026
Income splitting still works in Canada, but only through specific routes. Here are the 2026 rules for pension splitting, spousal RRSPs, prescribed-rate loans, family salaries and TOSI.