by Patrick Payne | May 27, 2026
Running your own business in Canada means the CRA is not your employer’s problem anymore. No one is withholding income tax from your pay, remitting CPP on your behalf, or handing you a T4 at year end. All of that falls on you. Understanding how self employed...
by Patrick Payne | May 23, 2026
Inheriting property in Canada comes with a common misconception. Many people assume that because Canada has no inheritance tax, there is no tax to worry about at all. That is not accurate. While Canada has no inheritance tax, capital gains tax is applied to inherited...
by Patrick Payne | May 21, 2026
One of the first decisions a newly incorporated business makes in Canada is one that most owners do not spend nearly enough time on. Your fiscal year end date affects your corporate tax deadlines, your cash flow planning, your GST/HST reporting schedule, and your...
by Patrick Payne | May 16, 2026
If you are a real estate agent in Canada earning strong commission income and still operating as a sole proprietor, there is a good chance you are paying significantly more tax than you need to. A Personal Real Estate Corporation, commonly known as a PREC, is a...
by Patrick Payne | May 14, 2026
Every year, thousands of eligible Canadians miss out on the Canada Workers Benefit simply because they do not know it exists or assume they do not qualify. The Canada Workers Benefit is a refundable tax credit offered by the federal government to help people earning a...
