CRA Updates for Small Businesses & Contractors The 2026 tax season is coming up, and the Canada Revenue Agency (CRA) has announced several updates that will affect small-business owners, contractors, and high-net-worth individuals (HNWIs). All data in this guide reflects changes effective for 2026 income and payroll planning, so you can prepare ahead and make […]
Read MoreA 2025 Guide for High-Income Canadians Charitable giving is often associated with generosity and goodwill, but for high-income Canadians, it can also be a strategic component of tax planning. Donations can reduce taxable income and maximize tax credits, all while supporting causes that align with your values and that allow you to make a positive […]
Read MoreFor Business Owners and High-Income Professionals As 2025 draws to a close, savvy business owners and high-income professionals know that year-end tax planning isn’t optional, it’s strategic. Canada’s tax rules, particularly for corporations, trusts, and high-net-worth individuals, are complex and constantly evolving. Missed deadlines or overlooked deductions can result in higher taxes, penalties, or lost opportunities for income splitting. Here’s a […]
Read MoreReceipts, invoices, bank statements, and expense reports can pile up fast, and come tax season, disorganized records can turn what should be a simple process into a stressful scramble. But don’t worry! There is a way to make things easier for both you and your accountant. Keeping your records organized doesn’t have to be complicated, […]
Read MoreIf you’re running a business, chances are you’ve already faced your share of tax challenges. But one thing that can sneak up on business owners is the classification of being a Personal Service Business (PSB).
Read MoreHolding companies are a popular way for entrepreneurs to organize their businesses, offering flexibility, asset protection, and tax planning opportunities.
Read MoreThe tax deadline is fast approaching, and now is the time to make sure you have everything covered for a smooth and easy experience. This blog will highlight the key things to remember as you prepare to file by April 30.
Read MoreWith tax season around the corner, the fear of a potential audit is creeping in for many business owners. That unease can be squashed with just a few steps designed to reduce the chances of being flagged by the CRA. One of those steps is ensuring that your tax return includes a completed Schedule 50.
Read MoreWith tax season around the corner, the fear of a potential audit is creeping in for many business owners. That unease can be squashed with just a few steps designed to reduce the chances of being flagged by the CRA. One of those steps is ensuring that your tax return includes a completed Schedule 50.
Read MoreWhen it comes to accounting and finance, numbers are the map of everything. One number, in particular, commonly finds the spotlight—the number 12. It’s particularly vital to accountants, marking the 12 months in a fiscal year, but beyond that, it plays a key role in some of the most valuable tools for business analytics. Trailing […]
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