Get the best guidance on how to deduct business-related driving expenses from your annual tax return.
Everything you need to know about the 2024 CRA Deduction Limits and Mileage Rates
Find out more about how the CRA handles payments and how to report concerns and tax scams.
Read on to find out how the roll-out of the changing Canada Pension Plan (CPP) enhancement could affect your income and retirement.
CRA forms and tax slips are available starting in February. Read on to find out what forms you need to file your tax return and when you can get started.
Learn more about how to retire early in Canada, including advice on investing in index funds and adopting a frugal lifestyle.
Learn about where technology is heading in 2019, and how upcoming changes might affect you and your small business.
Learn about self-employment tax rate, mileage, payment deadlines, and how to calculate deductions. Now is the time before their due date.
Are you one of thousands AirBnB hosts? Learn what Canadians need to know about reporting Airbnb income, and what expenses they can claim.
How to determine if you need to file your income tax return this year, and figure out your residency status as a Canadian living abroad.
If you have children under the age of 18, you're eligible for the Canada Child Benefit (CCB). Find out more how this cash boost for parents works.
If you use office space at home, you can deduct expenses to lower your taxes. Learn the tax deductions for home-based businesses and any changes in 2019.
A social enterprise is a for-profit or non-profit organization that seeks to achieve a social mission, which is different from a charity.
Learn more about how changes in the Canada income tax rate could affect your tax bill, and why it's important to know what tax bracket you're in.
In 2019, the CRA is making changes to CPP contributions, employment insurance premiums, and the small business tax rate. Learn about this year's big changes
Learn about how commercial property tax applies when you buy, lease, or sell real estate. Find out if you can claim any deductions to offset commercial property tax, and how land transfer tax is levied.
Taxable income for corporations is filed at the federal and provincial and territorial levels. Read about corporate tax deductions, tax brackets, and more.
This article covers the different types of fixed assets you use in your business to increase sales and profits and lower expenses and costs.
If you have skills in high demand, you could start a consulting business. Find out what consultants do and how to become a marketable expert advisor.
How to determine the value of a small business for sale, purchase or investment. Learn what kind of formula professionals use in small business valuation.
Women-owned small businesses can qualify for SBA loans. Check out these Canadian small business loans and grants specifically aimed at women entrepreneurs.
Running a small business isn't easy. We explain how to make your business run smoothly and efficiently, so you can focus on your customers and your brand.
If you use a home office to earn income, you may be able to deduct some of your expenses on your income tax return.
Learn how to leverage Pinterest making it useful for growing your small business, promoting your brand and generating more sales.
Here are the 2019 Canadian federal tax rates and brackets. You can also find the Provincial tax rates and brackets in this post.
SMART goals can help you reach your business objectives by reminding you of what you're going to do and how you're going to do it. Here's how to do it.
A helpful guide on how to decide a worker's employment status (employee vs self-employed) in the province of Quebec if your business hires workers.
If you recently started a small business, you may wonder how to make it grow. Keep reading for ideas on how to develop small business growth strategies.
If you lease a car for business purposes, your lease payments are tax deductible. Learn the benefits of leasing a car and how to deduct a car lease payment.
Read up on how to calculate profit margin, gross and net profit margin, all of which can provide good insight into a business.
Summer is a good time to kick off growth with your small business. Here are 7 ideas you can use to boost foot traffic to your business during the summer.
Bankruptcy is an important financial decision you may have to make one day. Here's what to know about the pros and cons before you declare bankruptcy.
Groupon Merchant for small business owners can be beneficial but it may have some downsides. Here's what you should know.
Driving a company car comes with costs and deductible expenses. Read on to find out what tax you have to pay, and what expenses you can claim in 2018.
Thinking of starting a family as a self-employed Canadian? Learn more about Canada's Employment Insurance Program to qualify for maternity leave benefits.
Canadians have several different options available for funding retirement. Here are the key retirement saving routes.
This article explains the difference between T4 and T4A tax slips. Self-employed or receipt of pension or scholarship income during the year should be reported on CRA tax slip T4A.
Calculate business mileage in 2018 in order to lower your taxable income. Here's what you need to know to comply with the CRA.
Expert tips for staying productive and sane while working from home.
If you are self-employed, you could qualify for working tax credits if your working income is low. Learn more about the CRA Working Income Tax Benefit WITB.
We've come up with a list of the best travel jobs that will allow you to explore the world while you work, no matter what your skills may be.
Canadian residents must declare all business income for tax purposes. Here is essential information you need to know before filing your taxes with the CRA.
If you're self-employed, the CRA lets you claim the expense of a home office to lower your tax bill. Here are rules for deducting your business-use-of-home expenses.
From registering your business to setting up an emergency fund, this article covers what you need to know when going from employed to self-employed.
If you're a business owner, be sure to know the difference between hiring employees and contractors because being an employer has tax implications.
It's difficult to find great employees who will add value to your business. Here are proven tips to find employees for your small business.
The self-employed can claim multiple deductions from the CRA. Here's what you need to know before filing your taxes.
The sole proprietor process in Canada doesn't have to be confusing. Here's how to register and start working as a sole proprietor.
These invoicing tips for freelancers will help you get you paid sooner. Less time playing bill collector means more time focused on growing your business.
These self-employed productivity tips will help you finish assignments, meet deadlines and grow your business. Best of all, they're all easy-to-follow.
These home office alternatives for freelancers and self-employed could be the place to grow your business. See if this is right for you.
We break down the pros and cons of working from home, from a coffee shop or a coworking space. See what's best for your self-employed business.
Are you an employee or self employed? Know the factors the CRA considers for categories of employment and how it impacts your taxes.
You can boost self-employed income with these 5 tips. It all boils down to earning more, spending less and taking advantage of taxes.
Self-Employed workers can deduct mileage to reduce their tax bill. Learn about the CRA rules so you can save at tax time.
How do you know if messages or calls from the CRA are genuine? Find out how to contact the CRA and what to do if you get a phone call demanding payment.
Canada's inheritance tax laws are complicated. Much depends on the status of the deceased's estate. Check out our information on income tax on inheritance.
If your business sells goods or services online to Canadian customers, you may need to charge sales tax for eCommerce transactions. Here are the rules.
Self-employed persons in Canada can take advantage of a number of tax deductions. Learn about potential deductions and how to make calculating it easier.
If you drive for work, you can claim allowable motor vehicle expense on your next CRA tax return. This article explains how to claim vehicle expenses.
Did you forget to file your 2018 Canadian taxes? This article covers the top things to keep in mind if you are thinking of filing a late tax return.
If your employer provides you with a vehicle or a vehicle allowance, you need to track your personal drives to figure out the taxable benefit. This article tells you how!
Self-employed individuals who use their vehicles for business purposes can deduct a portion of their vehicle-related expenses - including car repairs.
As a sole proprietor in Canada, know the rules about registering your business and business name. Get some CRA tips on running a sole proprietorship.