Expert Insights
Practical accounting and tax advice for Ontario business owners, from a certified CPA.
Professional Disclaimer: Articles are for educational purposes only and do not constitute professional accounting, tax, or legal advice. Consult a qualified CPA for advice specific to your situation. Tax laws change frequently, content may not reflect the most current updates.
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A holding company is one of the most powerful tools in the Ontario business owner's tax toolkit — but it is not for everyone. Here is exactly when a holdco makes sense and how the structure works.
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A comprehensive walkthrough of every major deduction available to Ontario small business owners, from home office to vehicle expenses, meals, and professional fees. Maximize your refund and stay CRA-compliant.
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A holding company is one of the most powerful tools in the Ontario business owner's tax toolkit — but it is not for everyone. Here is exactly when a holdco makes sense and how the structure works.
The salary vs dividends question is the most important annual tax decision for incorporated Ontario business owners. The answer is not the same for everyone — and it changes based on your income level.
Incorporating in Ontario takes less than a week and costs $300–$2,500 depending on how you do it. But the process matters — errors in your articles of incorporation can follow your corporation for its entire life.
Most Ontario business owners incorporate and then forget about their minute book entirely. This is a serious mistake — an incomplete minute book can jeopardize financing, sales, and your CRA audit position.
For small Ontario corporations, the "board of directors" is often just the owner. But the legal obligations that come with being a director are very real — and the personal liability risks are significant if you ignore them.
Incorporation is not right for every Ontario business — but when it is right, the tax savings alone can be worth tens of thousands of dollars per year. Here is an honest look at both sides.
From SaaS subscriptions and website hosting to digital ads and remote work tools — the modern Ontario entrepreneur's expense list looks very different from a decade ago. Here is exactly what the CRA allows you to deduct.
Every Ontario employer must file T4 slips for employees by the last day of February. Missing the deadline or making errors triggers CRA penalties. This step-by-step checklist covers every box, every deadline, and the most common mistakes.
Hiring someone as a contractor instead of an employee saves payroll taxes — but only if it is legitimate. The CRA uses a multi-factor test to determine the true nature of the relationship. Getting it wrong can cost years of back CPP, EI, and penalties.
General articles are helpful, but nothing replaces a conversation with your own CPA.
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