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Tax guides, bookkeeping references, and practical knowledge for Canadian corporations. Verified and up to date.
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27 articles
How to Connect Your Bookkeeping to Claude or ChatGPT (MCP Guide for Canadians)
Walkthrough for connecting your Canadian bookkeeping data to Claude.ai, Claude Desktop, ChatGPT, or Cursor via the Model Context Protocol (MCP). Five real questions a 1-person operator can answer in seconds instead of opening five dashboard tabs.
Provincial Sales Tax Rules: When PST Applies to Your Business
A practical guide to BC PST, Saskatchewan PST, and Manitoba PST for service businesses. When you need to register, what's exempt, and how the rules differ by province.
Capital Cost Allowance (CCA): Deducting Business Assets
How Capital Cost Allowance works for Canadian corporations, including CCA classes, the half-year rule, Accelerated Investment Incentive Property (AIIP), and step-by-step calculations.
Shareholder Loans: The CRA Rule Every Corp Owner Should Know
Understanding Section 15(2) shareholder loan rules, the two-fiscal-year-end rule, exceptions, and how to avoid a surprise tax bill from CRA.
How to File T2125: Self-Employment Income for Canadian Freelancers (2026)
Complete guide to T2125 (Statement of Business or Professional Activities) for Canadian sole proprietors and freelancers. Line-by-line walkthrough, deadlines, common mistakes, and how to organize your books so the form practically fills itself.
How to File Your GST/HST Return: Step by Step
A complete walkthrough of filing your GST/HST return through CRA, covering NETFILE, each line of the return, and common mistakes to avoid.
Do I Charge BC PST on Advertising Sold on a Mailed Flyer? (2025)
BC PST treatment of bundled ad-space-on-flyer fees. The bright-line rule from Bulletin PST 125: multi-customer flyer = non-taxable advertising service, single-customer flyer = fully taxable TPP. Worked example with GST and BC PST math.
Salary vs. Dividends: A Side-by-Side Comparison for Corp Owners
Should you pay yourself a salary or dividends from your Canadian corporation? A detailed comparison with real numbers at $80K, $120K, and $200K income levels.
Sole Proprietor vs Incorporated in Canada: When to Switch in 2026
Detailed comparison of sole proprietorship versus a 1-person CCPC for Canadian operators. Tax math, liability, costs of incorporation, and the actual income threshold where incorporating starts to pay off.
Shareholder Loan vs Dividend vs Salary: the BC 1-Person Corp Tax Math
Three ways to pay yourself from a BC corporation, with real numbers on a $150k profit. Salary, dividend, and shareholder loan mechanics, the one-year rule, and a decision framework for BC incorporated solopreneurs.
CRA My Business Account: Everything You Need to Set Up
A complete guide to registering for CRA My Business Account, navigating the portal, filing returns, and making payments online for your Canadian corporation.
First-Year Sole Proprietor in Canada: What Tax Will I Owe? (2025 Numbers)
Real-world breakdown of what a Canadian sole proprietor actually owes at filing time, using a $50,000 net business income example. Federal + provincial tax + CPP + GST/HST, with worked numbers for Ontario and BC.
CPP Self-Employment Contributions for Canadian Freelancers (2026)
Sole proprietors and freelancers in Canada pay both halves of CPP on Schedule 8 of their T1. Detailed breakdown of the 2026 rates, ceilings (YMPE / YAMPE / CPP2), worked examples, and how to budget for the bill.
What Your Accountant Actually Needs from You (and When)
A practical checklist of documents and information your accountant needs to file your Canadian corporate tax return. Deadlines, common frustrations, and how to make the process painless.
GST vs HST vs PST: Which Tax Does Your Corporation Charge? (2026 Rates)
A province-by-province breakdown of Canadian sales tax rates for 2026, including when to register, how to handle out-of-province clients, and digital services rules.
RRSP vs TFSA vs Corporate Investing: Which Is Best for Corp Owners?
Should you invest through your RRSP, TFSA, or corporation? A practical comparison of tax-deferred, tax-free, and corporate investment accounts for Canadian business owners.
GST/HST Guide for Canadian One-Person Corporations
A plain-language guide to collecting, calculating, and remitting GST/HST when you run a one-person corporation in Canada.
The IT Contractor's Year-End Bookkeeping Checklist (Canada)
A month-by-month timeline of everything Canadian IT contractors need to prepare before their corporate fiscal year-end, including what your accountant needs from you.
When to Register for GST/HST: The $30,000 Threshold Explained
Everything Canadian business owners need to know about the GST/HST $30,000 small supplier threshold. When you must register, when you should register early, and how ITCs work.
Business Expenses You're Probably Missing (Canadian Corporation)
Commonly overlooked tax deductions for Canadian corporation owners. Phone, internet, professional development, insurance, and more.
Vehicle Expense Deduction for Canadian Self-Employed (Mileage Log + CCA + 2026 Limits)
Complete guide to claiming motor vehicle expenses on T2125 for Canadian sole proprietors and on a corporation's books. Mileage log requirements, prescribed CCA limits, and the audit traps that cost people the entire deduction.
Canadian Corporation Tax Rates by Province (2026)
Complete guide to federal and provincial corporate tax rates in Canada for 2026. Small business deduction, general rates, and how integration works.
5 Bookkeeping Mistakes Every Solo Corp Owner Makes
Running a one-person corporation in Canada? These common bookkeeping mistakes cost real money. Here's how to avoid them.
How to Pay Yourself from Your Canadian Corporation
Salary vs dividends: the two ways to pay yourself from your Canadian corporation. Tax implications, T4/T5 slips, and how to decide.
Home Office Tax Deduction for Canadian Corporations
How to claim home office expenses through your Canadian corporation. CRA rules, eligible expenses, calculation methods, and common pitfalls.
Every Tax Deadline Canadian Corporations Need to Know in 2026
A complete calendar of CRA filing deadlines for Canadian corporations: T2, GST/HST, T4, T5, payroll, and provincial requirements.
How to Incorporate in BC: A Step-by-Step Guide (2026)
Everything you need to know about incorporating a company in British Columbia. BC Registries process, costs, timeline, and CRA registration explained.