What Is a T5 Slip in Canada? (And What to Do with It)

You just received a slip in the mail from your bank or financial institution and you’re not sure what it is or what you’re supposed to do with it. If it says T5 on it, this guide explains exactly what it means and how to handle it at tax time. Have...

What Is a Notice of Assessment in Canada?

You just received something in your inbox or mailbox from the CRA, and you’re not sure what it means or whether you need to do anything about it. If it’s a Notice of Assessment, you’re in the right place. This guide will walk you through exactly what...
Working from home? Your corporation can pay you back.

Working from home? Your corporation can pay you back.

So, you’ve jumped into the remote work world. You’ve got your own corporation, you call the shots, and your daily commute is basically a trip from the coffee pot to your desk. It’s the dream, right? But when tax season hits, a lot of incorporated...