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...
by bbatax | Sep 28, 2025 | Accounting
Table of Contents Introduction — Why CRA Sends Review or Audit Letters Review Letter vs Audit Letter — What’s the Difference? First Steps to Take When You Receive a CRA Letter Documents the CRA Commonly Requests CRA Audit Triggers and Red Flags Car and Vehicle Expense...
by bbatax | Sep 20, 2025 | Accounting
Table of contents Introduction — quick answer and who this is for TL;DR: Who should use TurboTax and who should hire an accountant? What TurboTax (and other DIY tax software) can do — strengths & limitations What a professional tax accountant brings to the table...
by bbatax | Aug 14, 2025 | Accounting
Table of Contents Introduction: Why CRA Audits Matter for Small Businesses What is a CRA Tax Audit? How CRA Decides Who to Audit Common Red Flags That Trigger Audits Types of CRA Audits Small Businesses Face The CRA Audit Process Step-by-Step Top Tips to Avoid a CRA...
