How to find and fix duplicate transactions in your books
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 in Canada
Carbon credit bookkeeping comes down to one habit: treat each credit like a tracked asset with a paper trail. In Canada’s federal system…
How to choose an external auditor in Canada
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…
What to Do After You Missed Tax Filing Deadlines
With missed tax filing deadlines, the first question is whether you owe anything. If you owe nothing, the CRA doesn’t charge a…
Accounting for Joint Marketing Agreements in Canada
To account for joint marketing agreements in Canada, start with one question: does anyone share control, or does each side just pay its own…
Government Resources for Canadian Accounting Rules
Government resources for accounting compliance in Canada start with one account: My Business Account on the CRA site. Since May 2025, the CRA…
Types of Audits Canadian Businesses Can Face
The types of audits a Canadian business can face from the CRA are an income tax audit, a GST/HST audit and a payroll examination. Each one…
Tax on Stock Options in Canada: What You Owe and When
A stock option isn’t taxed when you get it. The tax bill arrives when you exercise, and for most employees that means the gap between…
Bookkeeping requirements in Alberta
The bookkeeping requirements specific to Alberta are lighter than in most provinces, because Alberta has no provincial sales tax. You collect…
Accounting during a business disruption in Canada
The accounting side of a business disruption, like a fire, a flood or a postal strike, starts with one fact: your payroll and GST/HST due…