Plain answers to the questions owners ask.
Short articles on tax, incorporation, bookkeeping and the CRA, written for business owners in Etobicoke, Toronto and the GTA.
Articles.
Claiming Vehicle Expenses: What You Can Deduct, and What You Can't
If you use a car for work, part of the cost is deductible. The rules on what, how much and what proof you need are stricter than most owners expect.
April 3, 2025What Is a Compilation Engagement, and Do You Need One?
A compilation is the most common year-end financial statement a Canadian small business receives. Here is what it is, what it is not, and when it is enough.
June 19, 2025Do You Really Need a CPA for Your Business?
Software and a good bookkeeper cover a lot. There are still situations where a Chartered Professional Accountant earns their fee many times over.
August 27, 2025Bookkeeping vs. Accounting: What's the Difference and Why It Matters
The terms get used interchangeably. They are different jobs, and a business needs both done well.
October 15, 20255 Common CRA Red Flags That Trigger an Audit, and How to Avoid Them
No one can guarantee you will never be selected for review. Knowing what draws the CRA's attention lowers the odds, and keeps the review short if it comes.
December 4, 2025How to Know if It's Time to Incorporate Your Business
Incorporating adds obligations and cost. Here are five signs that it has started to pay for itself.
February 18, 20265 Signs You've Outgrown Your Bookkeeper
A part-time bookkeeper or a family member on spreadsheets works for a while. Five signs the setup is now holding the business back.
April 29, 2026How Incorporating Can Save You Tax, and When It Doesn't
Incorporating opens up tax planning options. It is not right for everyone, and the benefit depends on how much of the income you need to take out.
July 8, 2026What's the Best Way to Pay Yourself: Salary or Dividends?
How you pay yourself from your corporation is a tax decision, with consequences for RRSP room, CPP, mortgages and the household tax bill.
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