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... 
by bbatax | Apr 13, 2025 | Accounting
Starting and running a business in Canada is exciting, but one of the first lessons every entrepreneur quickly learns is that taxes are a big part of the journey. Whether you’re launching a small startup in Ottawa or managing an established corporation,...
