SR&ED Tax Credits Canada 2026: What Incorporated Contractors and Consultants Can Claim
Your consulting corporation spent months developing software, testing different approaches, or solving a technical problem that existing methods couldn’t handle. You invoiced the client, recorded the income, and moved on. But did you also miss an opportunity to claim an SR&ED tax credit? For Canadian incorporated IT contractors, software developers, engineering consultants, and other technical […]
7 Costly GST/HST Mistakes Canadian Businesses Keep Making (2026 CRA Rules)
A Toronto consultant invoices $34,000 across four quarters and never charges GST/HST because she thinks, “I’m nowhere near $30,000 in a year.” Eighteen months later, a letter from CRA explains that the $30,000 threshold doesn’t reset every January. She owes GST/HST on taxable invoices issued after her small supplier status ended, plus applicable late-filing penalties […]
How Long Should You Keep Tax Records in Canada (If You’re Incorporated)
Most Canadians throw out their tax documents the moment their refund clears. For an employee with a simple T4 return, that habit is usually survivable. For an incorporated contractor or consultant, it can create a problem that surfaces years later, when the CRA asks for records that no longer exist. This guide covers the CRA’s […]
How to Track GST/HST Input Tax Credits for Incorporated Contractors (2026 Guide)
Most incorporated contractors and consultants think GST/HST bookkeeping ends when they charge HST on an invoice. It doesn’t. The other half is what happens when your corporation pays GST/HST — tracking what you paid, determining what your corporation can actually recover, and keeping the records to support the claim. This is where a lot of […]
Canada Benefit Payment Dates September 2026: CRA & Service Canada Schedule
September is one of the busiest months on the Canadian benefits calendar. Several major CRA and Service Canada payments are scheduled between September 10 and September 28, including the Ontario Trillium Benefit, Canada Disability Benefit, Canada Child Benefit, CPP, Newfoundland and Labrador Disability Benefit and Veteran Disability Pension. Bookmark this page. Then, before your next […]
Bookkeeping for Incorporated Contractors: Expenses, GST/HST & PSB Rules (2026)
If you incorporated to run your consulting, IT contracting, freight, trades, or professional services work, your bookkeeping now does something it did not do when you were a sole proprietor. It supports a T2 corporate return, GST/HST filings, payroll remittances, shareholder-loan tracking, and the personal tax you pay when money leaves the corporation as salary […]
T2125 Form for Uber, DoorDash & Multi-App Gig Workers in Canada (2026)
If you drove for Uber, delivered for DoorDash, ran Instacart orders, or picked up SkipTheDishes shifts in 2026, there’s one question you need to answer before you file your taxes: how many T2125 forms do you actually need? The answer isn’t based on how many apps you use. The CRA looks at the type of […]
Canada House Flipping Tax 2026: 365-Day Rule & Principal Residence Exemption
Selling a Canadian home too quickly can trigger a tax trap that turns a solid profit into a massive, unexpected bill. It has nothing to do with your tax bracket and everything to do with a specific timeline the CRA watches closely. Many sellers assume that because they lived in the home, they are automatically […]
CRA GST/HST Supply Types in Canada: Taxable, Zero-Rated & Exempt Explained
Crossing $30,000 in revenue feels like a major milestone, but it drops you straight into Canada’s sales tax rules. You set up your accounting software, charge 13% HST to your client in Toronto, 5% GST to your client in Calgary, and assume you have everything figured out. Then the confusion starts. Not all revenue counts toward the […]
How to Amend Your Tax Return in Canada 2026: T1-ADJ, ReFILE & T2 Changes
If you forgot to claim an expense, missed a tax slip or made a math error after hitting “Submit,” there is no need to panic and you definitely don’t need to fill out a brand-new tax return from scratch. You simply request a change to your existing return. The Canada Revenue Agency (CRA) just wants […]