by bbatax | Jul 21, 2025 | Accounting
As a small business owner in Canada, one of the most important decisions you’ll make is how to pay yourself. Whether you’re operating as a sole proprietor, a partnership, or a corporation, understanding how compensation works not only impacts your personal... 
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 | May 30, 2025 | Accounting
Choosing the right accounting software is a critical decision for any small business. Effective accounting software can streamline your financial management processes, save time, and improve accuracy, ultimately contributing to the overall health and growth of your... 
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,... 
by bbatax | Mar 24, 2025 | Accounting
Income splitting has long been a valuable tax strategy for Canadian families seeking to minimize their overall tax burden by redistributing income among family members in lower tax brackets. As we navigate through 2025, understanding the intricacies of income...
