Blog
Alberta Corporate Tax Rate: What Every Business Owner Needs to Know
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...
Line 10400 on Your Tax Return: Other Employment Income Explained
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...
Incorporating in Canada: What It Actually Costs and Whether It’s Worth It
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...
Line 15000 on Your Tax Return: Total Income Explained
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...
Self Employed Taxes Canada: What You Need to File, Pay, and Claim
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,...
Capital Gains on Inherited Property in Canada: What You Need to Know
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....
Fiscal Year in Canada: How to Choose the Right Year-End for Your Business
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...
PREC: The Tax Advantage Every Canadian Real Estate Agent Should Know About
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...
Canada Workers Benefit: Are You Leaving Money on the Table?
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...