FBAR and FATCA Checklist for Canadians
TL;DR ● An FBAR and FATCA checklist starts with confirming whether you count as a US person. ● FBAR (FinCEN Form 114) reports foreign accounts once the aggregate threshold is crossed. ● FATCA uses Form 8938, filed with the IRS, covering broader financial assets. ● RRSPs and TFSAs generally count as […]
Small Business Tax Deadlines in Canada
TL;DR ● Small business tax deadlines in Canada follow separate schedules for corporate, sales tax, and payroll. ● T2 returns are due six months after fiscal year-end; balance owing is due earlier. ● HST/GST filing frequency depends on revenue: monthly, quarterly, or annual.. ● Payroll remittance timing is set by your […]
Small Business Tax in Canada
TL;DR ● Small business tax in Canada spans corporate, sales, payroll, and personal filings. ● Eligible CCPCs access a reduced federal plus provincial small business rate. ● The T2 return is due six months after fiscal year-end. ● Year-round bookkeeping turns tax season into a formality, not a scramble. ● […]
Employer Payroll Obligations in Canada: T4s, Remittances, and What the CRA Expects
A CPA covers employer payroll obligations in Canada for 2026: source deductions, remittance deadlines, T4 filing, director liability, and the employee vs contractor trap.
Disability Tax Credit in Canada: Eligibility, How to Apply, and Credits You Might Be Missing (2026)
The disability tax credit in Canada is worth $1,905 federally in 2026. A CPA covers eligibility, Form T2201, the retroactive claim strategy, and related credits most people miss.
Should You Incorporate Your Rental Property in Canada? A CPA’s Honest Answer
Most landlords lose money incorporating rental property in Canada. A CPA explains the 38.3% specified investment business trap, when a corp actually works, and the transfer costs.
Pension Income Splitting in Canada: Rules, Eligible Income, and How Much You Save
Pension income splitting can save retired couples thousands per year. A CPA explains the rules, eligible income by age, Form T1032, and a worked example.
Canada’s Anti-Flipping Rule: The 365-Day Tax Trap and How to Avoid It (2026)
Canada’s anti-flipping rule taxes property sold within 365 days as business income, not capital gains. A CPA covers exemptions, assignment sales, and planning.
GST/HST Registration for Self-Employed Canadians: When to Register and Why You Might Want to Early
GST HST registration is mandatory at $30,000 in revenue but voluntary registration can save you money. A CPA explains the threshold, ITCs, and what happens if you register late.
CRA Notice of Objection: How to Dispute a Reassessment Step by Step
Disagree with a CRA reassessment? A CPA walks through the notice of objection process, deadlines, what to include, and what happens if the CRA denies your objection.
Estate Freeze in Canada: How Business Owners Lock In Value and Cut Tax on Death
An estate freeze in Canada locks your company’s current value into fixed-rate shares and shifts future growth to the next generation. A CPA explains Section 85 vs 86, freeze shares, and the 21-year trust rule.
Non-Resident Rental Income in Canada: Tax Obligations From Purchase to Sale
Non-resident rental income in Canada requires 25% withholding unless you file an NR6. A CPA walks through the full tax lifecycle from purchase to sale.