SR&ED Tax Credit in Canada: Rates and Who Qualifies
The SR&ED tax credit pays a Canadian company back for qualifying research and development work. For most Canadian-controlled private…
How to Record CRA Payments in Your Books
To record CRA payments, match each one to the balance it pays down. A GST/HST payment reduces GST/HST payable, a payroll remittance reduces…
How to Claim Vehicle Expenses for Your Canadian Business
To handle vehicle expenses for a business, divide the kilometres you drove for work by your total kilometres, then apply that share to the…
How to Account for CPP and EI Contributions
CPP and EI contributions for 2026 start with two rates. An employee pays CPP at 5.95% on earnings between $3,500 and $74,600, and EI at 1.63%…
How to Handle Tax Instalments in Your Books
You handle tax instalments in your books as prepayments of your own tax, paid on four dates: March 15, June 15, September 15 and December 15…
Sustainability Reporting Standards Emerging in Canada
Canada’s sustainability reporting standards are CSDS 1 and CSDS 2, issued by the Canadian Sustainability Standards Board on 18 December…
How to Develop Accounting Talent in Canada
Developing accounting talent in a small Canadian business starts with a question most owners skip: what do you need this person to be able to…
Remote work policies and your books in Canada
Remote work policies change your accounting in three places: who can claim home office costs, which province’s tax you withhold, and…
Accounting processes: efficiency without losing control
The accounting processes worth automating in a Canadian business are the repeat ones: payroll remittances, sales tax calculations and receipt…
Future-proof your small business books in Canada
To future-proof accounting in Canada, plan for two things you can count on: rates will change, and your records have to stay readable for six…