Credentials for a Small Business Accountant in Canada
The credential to look for in a small business accountant is the CPA designation, plus a public accounting licence if you need audit or review…
What Are the IFRS Requirements in Canada?
The IFRS requirements in Canada apply to publicly accountable enterprises: they must use IFRS Accounting Standards for all interim and annual…
Which tax deductions can a Canadian business claim?
Business deductions in Canada come down to one test: a reasonable expense you paid to earn business income. The CRA lets you deduct that kind…
How Long to Keep Accounting Records in Canada
Keep your accounting records for six years from the end of the last tax year they relate to. If your business runs on a calendar year, an…
Bookkeeping Schedule for a Small Business in Canada
Weekly is the best rhythm for most small businesses, and monthly is the slowest one that still works. The CRA sets deadlines and a duty to…
Corporate Tax Rate in Canada for 2026
The corporate tax rate in Canada is 15% federally for most corporations, and 9% on the first $500,000 of active business income if…
What Accounting Firms in Canada Offer and Do
Accounting firms in Canada usually offer six kinds of work: bookkeeping, tax returns, sales tax filings, payroll, financial statements and…
How to Prepare for Tax Season as a Business Owner
The best way to prepare for tax season as a business owner is to close your books early and know which of your dates come first. If…
Employees vs Contractors in Canada: Tax Differences
The tax gap between employees vs contractors comes down to payroll. Hire employees and you take tax, CPP and EI off their pay, send it in, and…
How to Claim Business Expenses on Canadian Taxes
To claim business expenses on your Canadian taxes, the cost has to be a reasonable current expense you paid to earn business income.…