Blog

Sales tax by province runs from 5% in Alberta to 15% in the Atlantic HST provinces, and that gap is real money. A $1,000 purchase costs $1,050…

Yes, you can run your books without paper in Canada. The CRA accepts electronic records, but you must keep them readable for six years from…

Sustainable business bookkeeping works like any other bookkeeping: the CRA cares about what you paid, when, and what it was for, not whether…

A corporation deducts charitable donations from its net income to reach taxable income, generally up to 75% of that net income, and can carry…

Pivot costs are ordinary business costs in the eyes of the CRA, so there’s no special form for them. What decides the tax result is…

Municipal business taxes, for most Canadian businesses, show up as a property levy on the space you use, not as a separate tax on your profit.…

Duplicate transactions in your books usually come from one source: a bank feed and a manual entry both recording the same payment. Left alone,…

Carbon credit bookkeeping comes down to one habit: treat each credit like a tracked asset with a paper trail. In Canada’s federal system…

To select an external auditor in Canada, check three things before you talk about anything else: the person is licensed to do audits in your…

With missed tax filing deadlines, the first question is whether you owe anything. If you owe nothing, the CRA doesn’t charge a…