GST: Quick Method – How to Save Money For Your Small Business With a Small Tweak
Still on the regular GST/HST method? The Quick Method can legitimately reduce your GST/HST remittance and cut bookkeeping — but only if you qualify and choose the right rate. Here’s the “small tweak” many owner-managers miss (and what it can save), plus the technical rules, exceptions, pitfalls, examples, FAQ, summary table, and a citation audit.
How to Protect Your Lowest Corporate Tax Rate: The Small Business Limit Explained
The “small business limit” is the cap on how much active business income your CCPC can tax at the lower small business rate—usually starting at $500,000, but often reduced or shared because of associated corporations, taxable capital, or passive investment income (AAII). Here’s how the rules work, where owners get tripped up, and what to watch before the CRA does.
Foreign Property Over $100,000? Why CRA Asks(T1135 Explained)
CRA asks about specified foreign property over $100,000 because Canada taxes residents on worldwide income—and foreign investments are harder to verify through normal slips. Learn what triggers T1135, common exclusions, penalties, and how T1135 differs from T1134.
Shareholder Loans in Canada: CRA Rules & Exceptions
Borrowing from your corporation can be legitimate—but shareholder loans are one of the CRA’s favorite audit targets. Here’s how subsection 15(2) works, the key exceptions (including the one-year repayment rule), the “series of loans” trap, deemed interest benefits, and what happens if the loan is forgiven.
How to Choose Your Corporation’s Year-End in Canada
Choosing a corporate year-end affects tax deadlines, cash flow, bonuses, and reporting. Learn the rules and how to pick the best fiscal year-end in Canada.
Home Office Expenses in Canada: What Employees, Commission Salespeople & Self-Employed Can Deduct
Home Office Expenses in Canada: What Employees, Commission Salespeople & Self-Employed Can Deduct
Do You Have to Pay Tax in Canada?A Practical Guide to Tax Residency
Learn how Canadian tax residency works—significant ties, the 183-day rule, resident vs non-resident, and common mistakes when moving in or out of Canada.
Corporate Tax Instalments in Canada: Who Must Pay, Due Dates, and How to Avoid Interest
A practical guide to corporate tax instalments in Canada: who pays, monthly vs quarterly rules, due dates, and how to avoid interest and penalties.
How to Object and Appeal CRA Tax Assessments in Canada
Learn how to challenge CRA tax assessments. Step-by-step objection and appeal process, deadlines, and what happens during a dispute.
When are business tax filing and payments due in Canada?
When are business tax filing and payments due in Canada?