Registered Retirement Savings Plans (RRSPs) are one of the most powerful tools available for building long-term wealth and reducing taxes. However, contribution limits are not always straightforward — especially when … Read more
Upskilling, retraining, or staying current in your profession can be costly. To help offset these costs, the federal government introduced the Canada Training Credit (CTC) — a refundable tax credit … Read more
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) considers … Read more
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
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 crucial … Read more
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
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
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
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
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
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.
