Practical guides to Canadian personal and business tax, bookkeeping, payroll, GST/HST and dealing with the CRA, written for Ottawa individuals and small business owners by the team at BBA Tax. Need help with your own situation? Book a free intro call.
A 2026 deep dive into whether Canadian content creators on OnlyFans, YouTube, TikTok, and Twitch should incorporate — with side-by-side tax math at $50K, $100K, $150K, and $250K, the privacy benefit explained, the TOSI trap, and a clear decision framework.
A complete 2026 list of 40 tax write-offs every Canadian content creator should claim — by category, with CCA classes and real-world examples for OnlyFans, YouTube, TikTok, and Twitch creators. Includes the new 100% immediate expensing rules for computer equipment.
Canadian OnlyFans creators must report all platform income to the CRA — including subscriptions, tips, and PPV. This 2026 guide covers T2125 reporting, why most OnlyFans revenue is zero-rated for HST, every deduction you can claim, when to incorporate, and how to survive a CRA lifestyle audit.
Canadian Shopify sellers can deduct platform fees, shipping costs, advertising, home office expenses, and more. This complete 2026 guide covers every eligible tax deduction with documentation requirements and a checklist.
Complete guide to GST/HST for Canadian Shopify, Amazon, Faire, and TikTok Shop sellers. Covers registration thresholds, province-by-province tax rates, Shopify configuration, multi-platform reconciliation, and filing requirements.
The most costly e-commerce bookkeeping mistakes Canadian online sellers make — from ignoring hidden platform fees on Shopify, Amazon, and Faire to missing multi-province sales tax obligations. Learn what each mistake costs and how to fix it.
One of the most common mistakes new entrepreneurs and self-employed individuals make is mixing personal and business expenses. While it may seem harmless at first, poor expense separation can lead to inaccurate bookkeeping, higher taxes, and increased risk of a CRA audit.
Accounting fees in Canada vary widely depending on complexity, business structure, and the level of professional support required. While some individuals only need annual tax filing, businesses often require ongoing bookkeeping, compliance monitoring, and CRA advisory services.
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.
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.
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…
Understanding the difference between a T1 self-employed tax return and a T2 corporate tax return is essential for Canadian business owners.