by Patrick Payne | Jun 13, 2026
Finding out you owe back taxes to the CRA is one of the more stressful financial situations a Canadian can face. Whether you missed a filing deadline, underreported income, or simply could not afford to pay what you owed at the time, the situation does not improve by...
by Patrick Payne | Jun 12, 2026
If you run an incorporated business in Alberta, you are operating in one of the most tax-competitive environments in Canada. Understanding exactly what rates apply to your corporation, how the federal and provincial rates interact, and what filing obligations come...
by Patrick Payne | Jun 7, 2026
Most Canadians know their T4 slip covers their employment income. What fewer people realize is that there is a separate line on the T1 return specifically for employment income that never appears on a T4 at all. Line 10400, labelled Other Employment Income, is one of...
by Patrick Payne | Jun 5, 2026
Every year thousands of Canadian sole proprietors and freelancers ask the same question: should I incorporate? The answer depends on where your business is, where it’s going, and whether the benefits outweigh the added costs and obligations. This post breaks...
by Patrick Payne | May 30, 2026
Line 15000 on your tax return in Canada is your total income for the year, every dollar earned from every source, combined into one figure. It is not limited to employment income alone. It captures self-employment earnings, pension payments, rental income, investment...
