by bbatax | Apr 29, 2026 | Accounting
The question of whether to incorporate as a content creator in Canada generates more confusion than almost any other tax decision creators face. The advice from generic accountants tends to be either “always incorporate” (because they earn more from...
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 | 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 | Jun 16, 2025 | Accounting
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...
