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: Eligibility, Payments 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 […]
Get Your Tax Refund Faster: CRA Timelines & Tips for Canadians
Tax season has wrapped up, and now you’re likely asking, “When Will I Get My Tax Refund?” We totally understand how important that money can be, whether you’re planning to pay bills, save up or treat yourself. While the Canada Revenue Agency (CRA) aims to process refunds quickly, various factors can either speed things up […]
How to Incorporate Your Business in Canada: Costs, Steps & Tax Tips
You’re an ambitious Canadian entrepreneur, and the idea of incorporating your small business has probably popped into your head. You’re probably thinking in terms of enhanced credibility, solid legal protection, and some savvy tax benefits. You are about to take a huge step that has the power to change the course of your business. This […]
Uber Driver Taxes in Canada: Your FAQs Answered By Tax Accountant
Being an Uber driver in Canada is an exciting and empowering experience, as you are in control of your time, but in terms of taxes, you might be at sea with no sail. But take into account that you are virtually pushing a small business that is on wheels, which means you need to get […]
Carry Forward vs. Balance Owing: Key Canadian Tax Terms Explained
Canadian tax filing season can feel like trying to learn a new language with unfamiliar lingo that may initially confuse you. You may come across the key tax terms “carry forward” and “balance owing.” Understanding how they are different and what they will mean to you in your tax planning is essential. Let’s take a […]
How to Legally Pay Less Taxes in Canada: Complete 2025 Guide
As we near the end of 2024 tax year, many Canadians are looking for effective ways to ease their tax burden. This is not only about filing your returns on time, but it is also about finding ways to reduce the amount of tax you pay and claim bigger refunds. It does not matter if […]