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Mining is a vital industry in Canada, contributing significantly to the economy. But tax compliance for mining can get complicated quickly—especially once you factor in mining-specific deductions, flow-through shares, and province-by-province mine taxes and royalty-style regimes. This guide covers the key concepts and practical steps to help you stay compliant and avoid surprises. Understanding Mining Tax Compliance in Canada Mining tax compliance means meeting the tax requir

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

Status (Jan 1, 2026): Proposed in Budget 2025 and included in Bill C-15; Bill C-15 is currently at House committee stage (not yet enacted). If enacted, it would apply to taxation years beginning after Nov 4, 2025. Canada’s 2025 federal budget may bring one of the most significant changes to corporate transfer pricing in decades. The rules may reshape how CRA reviews related-party cross-border transactions — especially for companies with foreign subsidiaries, including resourc

Proposed in Budget 2025; legislation (Bill C-15) still before Parliament as of Jan 1, 2026; details may change. 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 hand ( RDTOH ) balance. Meanwhile, the recipient corporation pays Part IV tax on that dividend—but not until its own balance-due day. By staggering year-ends between affiliated companies, gro

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

If you’ve been hearing mixed messages about “capital gains changes,” you’re not alone. The inclusion-rate increase was proposed, then delayed, and later reversed—so a lot of older articles (and hallway chatter) are now out of date. Status update (as of Jan 1, 2026) The federal government announced it does not intend to proceed with the proposed increase to the capital gains inclusion rate, and CRA guidance reflects that the proposed increase was cancelled . The capital gains