Do New Corporations Need to File a T2 Tax Return in Canada First Year
Starting a corporation in Canada whether you go federal or provincial, feels exciting. There’s a lot to think about, but taxes? Honestly, you can’t ignore them, even in the early days. A lot of new business owners wonder: “Do I really have to file a T2 tax return if my corporation hasn’t made a single […]
CRA Tax Guide for Online Sellers: Report eBay, Etsy & Amazon Income & GST/HST
Selling online in Canada is no longer “under the radar.” With the full rollout of CRA mandatory reporting rules, your sales on eBay, Etsy, Amazon, and even Facebook Marketplace are no longer invisible to the government. Whether you’re decluttering a closet or building a dropshipping empire, the Canada Revenue Agency now receives a direct digital […]
2025 Year‑End Tax Planning Guide for Canadians: TFSA, RRSP, FHSA, RESP & More
Think of December 31st as a deadline with a dollar sign attached to it. Every year, thousands of Canadians miss out on significant savings simply because they didn’t know that “waiting until next year” actually meant losing an entire year of growth. Whether you’re saving for your first home, supporting your kids’ education, or just […]
A Complete Guide to GST/HST Registration in Canada: Thresholds, CRA Filing Rules & ITCs
You’re busy running your business, landing clients, and watching your revenue grow. Then someone mentions GST/HST registration, and suddenly you’re drowning in questions. Do I need to register for a GST/HST number? When do I actually start charging tax? Is that $30,000 threshold calculated by the year or the quarter? We talk to Canadian small […]
2025 Federal Child Support Tables Update: What Canadian Parents Need to Know
If you pay or receive child support in Canada, mark your calendar: major changes to the Federal Child Support Tables are coming on October 1, 2025. After eight years, the Department of Justice is updating the tables to reflect current tax rules and the real cost of living. It has been nearly a decade since […]
When to File Your Taxes in Canada: 2026 CRA Deadlines, Tips & Payment Dates
Tax season in Canada often comes with a rush of dates and deadlines, but keeping track of them is the best way to avoid stress and keep your finances on track. With the 2026 tax season for the 2025 tax year approaching soon, now is the time to learn when the Canada Revenue Agency (CRA) […]
How to Become an IT Contractor in Canada: Corporation Setup & Tax Filing Guide
If you’re considering a career as an IT contractor in Canada, being aware of the field and the specifics of the niche would be very helpful to you. IT contracting involves providing specialized technology services to businesses on a contractual basis. Instead of receiving a salary like a typical employee, you enter into a contract […]
T2 Nil Return vs Zero Return in Canada: Corporate Tax Filing Guide to Avoid CRA Penalties
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)
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)
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 […]