by Patrick Payne | Jan 28, 2026
You did it. You incorporated your business. That’s a massive milestone, so take a second to celebrate! Now for the fun part—actually paying yourself. But as you dig in, you smack right into the classic Canadian entrepreneur’s dilemma. It’s a big one....
by Patrick Payne | Jan 27, 2026
Let’s be real—nobody enjoys thinking about a CRA audit. But if there’s one area the Canada Revenue Agency loves to zoom in on, it’s your meal and entertainment expenses. Why? It’s a notorious grey area where business spending and personal perks...
by Patrick Payne | Jan 26, 2026
We see it every single spring. A business owner kicks their feet up, takes a deep breath after a long year, and thinks, “Phew. Our year-end was December 31st. That means we have until June to file our corporate taxes. Loads of time.” Sound like you? Here’s...
by Patrick Payne | Jan 23, 2026
As a Canadian small business owner running a corporation, I’ll bet you’ve heard the magic number: 9%. That’s the federal small business tax rate, and man, does it look good on paper. It’s so easy to fixate on that one number and think you’ve...
by Patrick Payne | Jan 22, 2026
Let’s be real. Is that pile of unopened letters from the Canada Revenue Agency (CRA) giving you a constant, low-level buzz of anxiety? You’re not alone. For tons of business owners in British Columbia, falling behind on T2 corporate taxes or GST/HST...
