Learn how incorporated contractors can document client diversity and financial risk, then match records to the s.125(7) PSB test, two conditions and two exceptions, to reduce PSB risk.
Compare fractional and full time CFO costs for Canadian SMBs, including the $231,750 salary midpoint, day to day duties, and how to choose a model.
Most Canadian business owners assume their GST/HST registration obligation kicks in at the end of the calendar year, once total revenue crosses $30,000. That assumption is wrong, and it costs people money every year. The real trigger is a rolling […]
Every year, thousands of self-employed Canadians leave money on the table by under-claiming deductions they legitimately qualify for. Just as many claim expenses they cannot defend, and end up in a costly CRA review. The difference between those two outcomes […]
Most small-business owners set up their GST/HST account, accept whatever filing frequency the CRA assigns by default, and move on. It feels like a minor administrative detail. It is not. Your remittance frequency directly shapes your cash flow, your bookkeeping […]
Canada focused guide to EI for self employed: 2026 max $729/week, 12 month eligibility clock, and CPA recordkeeping tips to speed approvals.
Reduce T5018 correction risk with a CPA led workflow: when the $500 rule applies, what to report, reconciliation checks, and e-file validation steps.
Quick CRA self test to decide if your side activity is a business or hobby. Includes a 90 day roadmap, bookkeeping checklist, and CPA tax tips.
Hiring your first employee is a milestone. It is also the moment you become responsible for one of the CRA’s most unforgiving payroll obligations. Before you issue a single paycheque, every new hire must complete a TD1 personal tax credits […]
Practitioners who work through these cases consistently observe that disorganised books, not deliberate evasion, are the most common origin of audit exposure. This piece maps five documented trigger categories to the bookkeeping habits that neutralize each one. Why CRA GST/HST […]
