PSB: The CRA’s Red Flag
When contractors are engaged to provide services through their own corporation, it isn’t always as simple as “you’re an independent business.” In some cases, the Canada Revenue Agency (CRA) … Read more
CPA4IT Professional Corporation
Auditor General Slams CRA: Long Waits & Wrong Answers
Canada’s Auditor General has released a report on the Canada Revenue Agency (CRA), revealing major failures in how the agency handles taxpayer calls and provides information. The findings point to … Read more
How To Avoid Penalties on Source Deductions Remittances
If you’re an independent contractor or running your own incorporated business for the first time, “source deductions” might sound like yet another confusing tax term. But understanding them is … Read more
CPP Changes 2026: How To Avoid Costly Mistakes
The Canada Revenue Agency (CRA) has announced key figures for CPP in 2026 that employers, employees and the self-employed must be aware of. Maximum pensionable earnings Contribution rates and maximums … Read more
How to Update Your Address with the Canada Revenue Agency (CRA)
If you’ve recently moved, it’s essential to inform the Canada Revenue Agency (CRA) of your new address right away. This ensures that your tax documents, benefit payments, and important correspondence … Read more
Understanding Canada’s Moving Expense Deduction
Relocating for a new job, to start a business, or to attend school full-time can be exciting — but it can also be expensive. Fortunately, the Canada Revenue Agency (CRA) … Read more
Understanding Canada’s Federal Budgets: What’s Changing and Why It Matters
Canada’s federal budget is more than just a financial plan — it’s a reflection of national priorities. From tax reforms and clean energy incentives to shifting how and when the … Read more
Bookkeeping Methods For Your Business!
Get a Free Consultation Choosing The Right Bookkeeping Tool For Your Business In today’s world, efficient bookkeeping is essential for any small business aiming for smooth financial management and … Read more
Importance Of Using Technology In Accounting
Technology is changing the accounting profession. The use of artificial intelligence (AI) and machine learning is increasing in the field. These technologies are automating many tasks that were previously done … Read more
Corporate Tax Updates in Canada For IT Consultants
As an IT consultant or small business owner in Canada, staying current with tax changes can save you real money — and prevent compliance headaches. Several federal and provincial updates … Read more