Bookkeeping for green energy tax credits in Canada
The main federal credit for green equipment is the Clean Technology investment tax credit, worth up to 30% of the cost of qualifying property…
Non-profit audit process in Canada, step by step
Does your non-profit need an audit? For a federal not-for-profit, it comes down to two things: how much revenue you bring in, and whether the…
Financial Projections for Investors in Canada
When you build financial projections for investors in Canada, three tax lines get read first: payroll costs on top of wages, sales tax kept…
Bookkeeping when your business grows fast
Bookkeeping for scaling rapidly in Canada comes down to three dates and one habit. You must register for GST/HST once your taxable sales pass…
How to Account for R&D Costs in Canada
Your R&D costs can earn a federal tax credit through the SR&ED tax incentive program, and the claim is due 12 months after your T2 is…
Finding Reliable Accounting Resources in Canada
A reliable accounting resource names its source, shows a date and sends you back to an official page. Start with the CRA and the Government of…
Corporate Tax Rates by Province in Canada
Corporate tax rates in Canada run from 9% to 12.2% for a small business and from 23% to 30% for a general corporation, once federal and…
How to Follow Canadian Tax Accounting Updates
The easiest way to get tax accounting updates in Canada is to subscribe to the CRA’s free email lists. The Newsroom list tells you when…
What the Voluntary Disclosures Program covers
The Voluntary Disclosure Program, which the CRA calls the Voluntary Disclosures Program, lets you correct old tax mistakes and keep most of…
How sales tax differs between Canadian provinces
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…