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If you run a service-based business in Canada—consulting, creative work, trades, coaching, online services—it’s only a matter of time before GST/HST comes up. Here’s a concise, CRA-aligned overview of when you must register , which services are taxable , and how the place-of-supply rules work when you bill clients in other provinces. 1. When do you have to register for GST/HST? The small supplier rule – the $30,000 threshold For most businesses, you must register when you a

Managing finances is a critical part of running a successful business. Whether you are just starting out or have been operating for years, having the right tools can make a significant difference. Accounting software designed for small firms can simplify your financial tasks, save time, and reduce errors. In this post, I will share insights into the best accounting software options available for Canadian small businesses. I will also explain what features to look for and how

Canada’s 2025 federal budget brings one of the most significant changes to corporate transfer pricing in decades. The rules will reshape how CRA reviews related-party cross-border transactions — especially for companies with foreign subsidiaries, including resource, tech, and manufacturing groups. If your fiscal year begins after November 4, 2025 , these changes will apply to you. What’s Changing 1. OECD alignment becomes law Budget 2025 hard-wires that Canada’s transfer pric

The 2025 Federal Budget introduced a sweeping new rule aimed squarely at deferral strategies using inter-corporate dividends  within private-corporate groups. While it sounds technical, the change could have major cash-flow implications for CCPCs and holding structures that rely on dividend refunds. The Problem Ottawa Is Targeting Under the current regime, a private corporation that pays a taxable dividend can receive a dividend refund  from its refundable dividend tax on han

On December 15, 2022, significant legislative amendments were made to Section 231 of the Income Tax Act, expanding the CRA’s authority by...

Shareholder loans can be a useful tool for providing flexibility in accessing corporate funds. However, they come with strict rules and potential tax consequences if not managed correctly. Below are the key points to keep in mind: Understanding Shareholder Loans Definition A shareholder loan is money provided by a corporation to its shareholder, often used for business or personal purposes. These funds must generally be repaid to avoid adverse tax consequences. Purpose They c

Good news! The Canadian federal government has delayed their planned increase to the capital gains inclusion rate. Here’s what that means...