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GST/HST for Canadian Businesses: When You Have to Register, and How Filing Actually Works

For most small business owners, GST/HST is the first piece of the tax system they have to deal with on a recurring basis — long before corporate tax planning or year-end financial statements enter the picture. And yet it’s also one of the most commonly misunderstood. As a CPA, the two questions I’m asked most […]
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Staying on the Right Side of the CRA: A Practical Guide to Audits, Disclosures, and Reassessments

Most Canadians have a healthy respect — and a fair amount of anxiety — when it comes to the Canada Revenue Agency. The good news is that the vast majority of CRA interactions are routine, and almost all of them are manageable when you understand the process and respond on time. As a CPA, I […]
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The Small Business Deduction: How the $500K Limit Works

If you run an incorporated business in Canada, the small business deduction (SBD) is one of the most valuable tax provisions available to you. It allows Canadian-controlled private corporations (CCPCs) to pay a significantly lower rate of tax on their active business income — but only up to a certain threshold. That threshold is $500,000, […]
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Voluntary Disclosure Program: Coming Clean Before the CRA Finds You

If you have unfiled tax returns, unreported income, or foreign assets you never disclosed, you are not alone — and you may have more options than you think. The Canada Revenue Agency’s Voluntary Disclosure Program (VDP) exists precisely for situations like yours. Used correctly, it can mean the difference between a manageable resolution and a […]
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Tax Planning When Buying a Second Property in Canada

Buying a second property—whether as a rental, vacation home, or long-term investment—can be a powerful wealth-building move. But from a tax perspective, it’s also where many costly mistakes happen. The Canadian tax system treats second properties very differently from your principal residence, and the consequences affect everything from annual deductions to your eventual exit strategy. […]
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