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…
How Commission Pay Works in Canada
Commission pay in Canada is taxed one of two ways, and the one you get depends on your work status: employee or self-employed. An employee has…
Accounting steps for scaling a business in Canada
Scaling a business in Canada changes your accounting at a few fixed lines, not gradually. Once taxable sales pass $30,000 you have to register…
How to Build a Small Business Budget in Canada
A small business budget starts with one number: what you expect to sell in a normal month, minus what has to leave your account even in a…
Setting Up Payroll for a Small Canadian Business
To set up payroll for a Canadian business, you register for a CRA payroll deductions account, which is your nine-digit business number plus…
CRA Electronic Filing Requirements for 2025 Returns
The CRA’s electronic filing requirements hit corporations hardest. For tax years starting after 2023, every corporation has to file its…