Does it matter if I use my personal or business credit card when making purchases for my business?

It does not matter which credit card you use. You are the director of your company, which entitles you to use whichever credit card you feel you are getting a better deal with. If you use your personal credit card to pay for business expenses the corporation owes you the amount and vice versa.  However, it is highly recommend that you do your best not to intertwine  personal expenses and business expenses.  If you choose to use a personal credit card for business use it exclusively for business and put your personal non deductible expenses on another credit card.


There is often confusion around GST/HST. Many small business owners don’t know when they should register for it, what method they should use or when to file. In this blog post I will attempt to provide some clarity on this topic.

Let’s start with some basics. GST/HST or Harmonized Sales Tax is the harmonization of Provincial Sales Tax (PST) and Goods and Services Tax (GST). In Ontario the harmonized rate is 13%. This is the tax that is applied to most goods and services that you purchase in Ontario. The exception to this is zero-rated and exempt supplies. In addition to paying HST on goods and services, you are also required to collect HST once your revenue exceeds $30,000.

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Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.