Corporate Tax Filing in Canada: T2 Nil Return vs Zero Return Explained

T2 Nil Return vs Zero Return explained for Canadian corporations – difference between inactive and zero income corporate tax filing

As a business owner of a Canadian corporation, you understand that filing a T2 Corporation Income Tax Return is a non-negotiable legal requirement. But, what if your business had a slow year, is new or if you had absolutely no activity? Here’s where you hear the terms “nil return” and “zero return”, and knowing the […]

How to File Taxes as a Delivery Driver in Canada: (DoorDash, Uber Eats, Instacart)

Delivery driver in Canada organizing receipts and tax documents for Uber Eats, DoorDash, and Instacart income.

Being a delivery driver in Canada for platforms like DoorDash, Uber Eats, SkipTheDishes, or Instacart come with lots of flexibility and additional income, and tax obligations that can become a bit confusing. Delivery drivers are considered self-employed independent contractors and can‘t file taxes like a regular employee. This means you must file your taxes differently, […]

How to Claim Car Expenses Through Your Corporation in Canada (2025 CRA Guide)

Corporate vehicle on road with business-related documents and calculator, illustrating how Canadian corporations can track and claim car expenses for tax deductions under CRA rules in 2025.

If you own a corporation in Canada, you already know that every dollar you save helps grow your business. For many corporations, vehicles are a necessary part of operations, whether it’s getting to client meetings, job sites, or industry events. The good news is that many of the costs tied to using a car for […]

Canadian Business Owner’s Guide to CRA GST/HST Account Updates

CRA GST HST account update steps after registration for Canadian businesses – Instaccountant guide

As a Canadian business owner, your journey is anything but static. Your business evolves, grows, and may even take a temporary pause. When these changes occur, it’s essential to ensure your GST/HST account with the Canada Revenue Agency (CRA) stays up to date. Keeping your CRA information accurate helps you avoid filing errors, ensures you […]

How to File a T2 Nil Return for a Zero-Revenue or Inactive Corporation in Canada

2025 Step-by-step process for filing a Nil T2 Return in Canada with Instaccountant

Whether you’re a savvy freelance IT consultant thriving in Vancouver, an early-stage tech startup founder building big dreams in Montreal, or simply managing an inactive corporation in Toronto, one truth remains: your Canadian corporation must file a T2 corporate income tax return, even if your business generated absolutely zero dollars last year. You might be […]

A Canadian Newcomer’s Guide to Taxes, Benefits and the CRA

Newcomer family reviewing Canadian tax benefits like the GST/HST credit, Canada Carbon Rebate, and Child Benefit on a laptop at home.

Welcome to Canada! Whether you’ve just landed in Toronto as an international student, settled in Vancouver as a permanent resident, or arrived in Edmonton on a work permit, you’re starting an exciting new chapter. Understanding the Canadian tax system and how it impacts your financial well-being is absolutely crucial. The Canada Revenue Agency (CRA), your […]

CRA Personal Service Business (PSB) Rules 2025: How Canadian Contractors Can Avoid High Taxes

Canadian contractor reviewing CRA Personal Services Business rules on laptop at home office

Hey Canadian contractors, freelancers, and incorporated professionals! Let’s talk about a silent threat that could seriously impact your bottom line: the Personal Services Business (PSB) rules from the Canada Revenue Agency (CRA). It’s a classification many contractors don’t even realize they’re at risk of, yet it can quietly hike your tax bill, snatch away your […]

Should You Incorporate Your Business in Canada as an Independent Contractor

Incorporation guide for IT contractors and freelancers in Canada by Instaccountant

When you are planning to incorporate your business as an IT contractor or freelancer in Canada, it’s important to know what that involves. Incorporation is the legal process of creating a separate entity for your business, distinct from yourself as an individual. This entity is recognized by law and can own assets, enter contracts and be […]

Canada Disability Benefit (CDB) 2025 Payment Dates and How to Apply

Canada Disability Benefit (CDB) eligibility criteria and step-by-step application guide for 2025 — includes age limits, Disability Tax Credit (DTC) approval, and how to apply via Service Canada.

If you or a loved one lives with a disability in Canada, a new era of financial support is dawning. The Canada Disability Benefit (CDB), a landmark initiative administered by Service Canada, is set to provide direct financial aid to eligible individuals, aimed at reducing poverty and offering a much-needed boost to quality of life […]

How to Charge GST/HST to US Clients as a Canadian Freelancer

Canadian freelancer reviewing invoice showing no GST HST charged to US client under export rules

If you’re a Canadian freelancer, online seller or self-employed service provider working with US clients, you’ve probably asked yourself: “Do I need to charge GST or HST on my invoices?” It’s a common dilemma and one that can lead to headaches (and potential penalties!) if you don’t get it right. The rules around sales tax […]