How to Claim Car Expenses Through Your Corporation in Canada (2025 CRA Guide)
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
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
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
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
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 a Contractor
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
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
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 […]
CRA Tax Changes for Uber, Uber Eats & DoorDash Drivers in Canada
There are a lot of benefits to driving for Uber in Canada, including the amazing flexibility that comes with it. However, tax responsibilities for self-employed gig workers differ from those in traditional employment structures. The main thing to remember is that, as an Uber driver (or DoorDash or Lyft driver), you are actually classified as […]
GST/HST Credit Increase in Canada 2025: Payment Dates & Eligibility
Hello Canadians! There is some wonderful news to cheer you up if rising living expenses is affecting you. Starting July 2025, the Canada Revenue Agency (CRA) intends to assist low- and moderate-income families offset the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) they pay by raising the GST/HST Credit 2.7%. Whether you […]