by bbatax | Dec 28, 2025 | Accounting
Table of Contents Introduction How CRA Defines Deductible Corporate Expenses Common Operating Expenses Corporations Can Write Off Employee, Payroll, and Professional Expenses Home Office and Property-Related Expenses Vehicle and Travel Expenses Capital Assets and... 
by bbatax | Dec 28, 2025 | Accounting
Table of Contents Introduction Overview of the T1 Self-Employed Tax Return2.1 Who Files a T1 Self-Employed Return2.2 How Business Income Is Reported on a T1 Overview of the T2 Corporate Tax Return3.1 Who Must File a T2 Corporate Return3.2 Corporate Income Reporting... 
by bbatax | Nov 30, 2025 | Accounting
Table of Contents Introduction: RRSP vs TFSA Understanding RRSPs Understanding TFSAs Key Differences Between RRSP and TFSA Factors to Consider Before Contributing Strategies for 2025 Contributions Tax Implications and Benefits Using RRSPs and TFSAs Together How a Tax... 
by bbatax | Nov 30, 2025 | Accounting
Table of Contents Introduction: Contractors and Tax Challenges Understanding Taxes for Contractors in Canada Track All Eligible Business Expenses Incorporation vs Sole Proprietorship Pay Yourself Strategically: Salary vs Dividends Use Registered Accounts to Reduce... 
by bbatax | Oct 26, 2025 | Accounting
Table of Contents Introduction: Understanding CRA Bank Freezes Why the CRA Can Freeze Your Bank Account How the CRA Freezes Your Bank Account Warning Signs Before a CRA Freeze What to Do Immediately If Your Account Is Frozen How to Negotiate With the CRA and Set Up a... 
by bbatax | Oct 26, 2025 | Accounting
Table of Contents Introduction: Why Tax Planning Matters in 2025 Understanding How Canadian Taxes Work Legal Ways to Reduce Personal Taxes in 2025 3.1 Contribute to an RRSP 3.2 Maximize Your TFSA 3.3 Claim All Available Deductions 3.4 Use Income Splitting...
