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Practical articles on HST remittance, T2 corporate tax, owner compensation, CRA deadlines, and bookkeeping - written by people who actually run a corporation.
Browse by topic: Canadian Tax & Bookkeeping Topics
If you collect HST on behalf of the CRA, you need to remit it on time and in the right amount. Here is exactly how to do that without the confusion.
One of the most common questions incorporated business owners face is whether to pay themselves a salary, dividends, or a combination of both. The answer depends on several factors specific to your situation.
Every Canadian corporation must file a T2 corporate tax return every year, even if the business had no activity. Here is a straightforward guide to understanding what is required and how to approach it.
Knowing which expenses are deductible and how to document them properly is one of the most valuable things a small business owner can learn. Here is a practical rundown.
Missing a CRA deadline costs money. Here is a clear breakdown of the key filing and payment dates for Canadian corporations, so nothing slips through the cracks.
The CRA requires proper mileage records to support vehicle expense deductions. A compliant log does not have to be complicated - but it does have to be consistent.