CRA Tax Changes for Uber, Uber Eats & DoorDash Drivers in Canada

Online tax resources for understanding CRA tax changes for Uber drivers in Canada 2025

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

Below are SEO-optimized alt text descriptions for images related to the GST/HST Credit Increase in Canada for 2025, tailored to the topic of eligibility criteria, payment dates.

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

CRA refund timetable for 2025 with tips for a smooth process for Canadian taxpayers, highlighting key deadlines and filing strategies.

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

How to Incorporate Your Business in Canada in 2025 – Costs, Steps, and Legal Tips for Small Business Owners – Instaccountant

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

A comprehensive FAQ guide on Uber driver taxes in Canada, including filing deadlines, deductions, and CRA GST/HST rules – by Instaccountant.

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

Comparison blog showing the difference between 'Carry Forward' and 'Balance Owing' in Canadian tax terms, highlighting key features and implications for taxpayers.

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

Canadian tax-saving tips for 2025 – how to pay less taxes with expert advice from Instaccountant

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 […]

Understanding Your T4 Slip: A Canadian Employee’s Guide to Taxes

A step-by-step guide showing how Canadian employees can file their tax return using a T4 slip, including key sections, deduction boxes, and tips for accurate filing.

If you’re an employee in Canada, you’re likely familiar with the T4 slip, formally known as the Statement of Remuneration Paid. This document is essential for understanding your earnings and tax deductions from January 1 to December 31 of the previous year. In this guide, we’ll break down the T4 slip, understand your paycheck, and […]

Understanding CRA Rules for Corporate Withdrawals in Canada

A visual representation explaining how owner withdrawals from a corporation in Canada affect corporate taxes. It includes sections on different withdrawal methods such as salaries, dividends, shareholder loans, and personal expenses. Arrows and icons illustrate tax implications, CRA rules, and the difference between business and personal income taxation. The infographic emphasizes compliance, record-keeping, and potential penalties for improper withdrawals.

If you’re running a corporation in Canada, it’s essential to keep track of every dollar that flows from your business to your personal account. Each transfer needs to be properly categorized, whether it’s a loan, salary, dividend, or return of capital, as they all come with their own tax implications and documentation needs. I’ve encountered […]

Uber GST/HST Registration Guide for Rideshare and Delivery Drivers

Guide to Uber GST/HST Registration for Canadian Drivers - Instaccountant Blog

As an Uber driver in Canada, understanding the rules surrounding GST/HST registration can be one of the most confusing aspects of managing your taxes. Whether you’re a rideshare driver providing Uber services or delivering meals through Uber Eats (DoorDash, Instacart), the Canada Revenue Agency (CRA) has specific rules that you need to follow. Let’s break […]