Balancing the Books
Insights and Tips for Navigating Business and Finance
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If your corporation looks like an employee in disguise, the CRA can tax it at punishing rates. What a personal services business is and how to stay clear of it.
A practical list of deductible rental expenses, how to tell repairs from improvements, how capital cost allowance works, and the
What a dental professional corporation is, who can own it, what it saves in tax, what changed for income splitting,
Which tips go through payroll, which do not, what Ontario law says about tip pools, and how to record card
Shopify deposits never match your sales report. A step-by-step method for reconciling payouts so revenue, fees, refunds and sales tax
Construction businesses must report payments to subcontractors on T5018 slips. Who has to file, what counts, the deadline and how
Typical bookkeeping prices in Canada, the pricing models, what drives the cost up or down, and how to compare quotes
What a CRA business number is, when a sole proprietor or corporation needs one, how to register online, and how
Vacation pay minimums across Canada, how to calculate it, the ways to pay it, what happens at termination and how
What Canadian employers remit to the CRA, when each remitter type is due, how to pay, and what late or