Instalment payments explained
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Time to read: 2 minutes
As your business grows and your income increases, the CRA will request you start making instalment payments for your taxes.
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How does the dividend gross-up work? Aka why am I being taxed more than I was actually paid?
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Time to read: 1 minute
Once you have a corporation, your taxes get a bit more complicated – even for simple things like paying yourself. Read on to learn how dividends work.
Read MoreWhat’s new for your 2023 taxes?
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Time to read: 2 minutes
There’s a lot of changes for your 2023 taxes – some big, some small. We’ll help you figure them out here.
Read MoreFAQs about First Home Savings Accounts (FHSAs)
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Time to read: 5 minutes
With First Home Savings Accounts (FHSAs) being so new, we compiled our list of top questions for you.
Read MoreWhen should I incorporate?
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Time to read: 3 minutes
Incorporating can be a great decision for a lot of people, but it’s a big decision. Incorporating too early can actually make you pay more in taxes, though. We’ll help you decide when’s the right time for you.
Read MoreWhat's new for 2022 and 2023
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Time to read: 3 minutes
There have been a lot of tax changes for 2022, and there are some exciting developments for 2023. Read on for more.
Read MoreOntario Staycation Tax Credit
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Time to read: 1 minute
This new credit is a great way to recover some of the costs of your Ontario vacations. It provides up to $200 for individuals or $400 for families. It’s a one-time credit that’s only in effect for stays during 2022.
Read MoreCanada Dental Benefit
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Time to read: 2 minutes
The Canada Dental Benefit is a new program to help children under 12 afford dental care. It provides up to $650 tax-free to eligible families with a household income under $90,000.
Read MoreTax-Free First Home Savings Account (FHSA)
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Time to read: 4 minutes
The Tax-Free First Home Savings Account (FHSA) is one of the biggest tax changes in years. It combines the benefits of a TFSA with an RRSP, and can be a key tool for first-time home buyers.
FHSAs are expected to launch in mid-2023. Keep in mind, the rules are still being finalized and this is just a summary.
Read MoreHardest-Hit Business Recovery Program and Local Lockdown Program
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Time to read: 1 minute
The Hardest-Hit Business Recovery Program and the Local Lockdown Program are successor programs to the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS) programs.
Read MoreCanada Worker Lockdown Benefit
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Time to read: 2 minutes
The Canada Worker Lockdown Benefit was introduced in November 2021 to provide income support to workers whose employment is interrupted by specific government-imposed public health lockdown scenarios and who are unable to work due to such restrictions.
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Tax changes you can expect for 2020
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Time to read: 4 minutes
2020 was a whirlwind year for most of us. Here are the key changes for your 2020 tax return, tailored for you healthpreneurs.
Read MoreRRSP vs. TFSA – what’s better for me to invest in?
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Time to read: 4 minutes
RRSPs and TFSAs are both great options for saving money on your taxes. Here’s a quick primer on the differences between the two.
Read MoreShould my partner and I file our taxes as common law?
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Time to read: 2 minutes
Sometimes clients ask us about the pros and cons of filing together, and wonder if they should file taxes as common law with their partner. You may be surprised to find out that when it comes to marital status and filing together, there's actually no choice. This post explains common law status for tax purposes.
Read MoreWhy do I owe taxes if I still have tuition credits left? Aka how tuition credits work
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Time to read: 3 minutes
In your first few years after graduation, you’ll have tuition credits to help lower your taxes. Some people think if they have tuition credits left, they won’t owe any tax when they file their tax return. Others are shocked to find an amount owing - one they didn’t plan for - when they file their tax return. This post will help you plan for your first few tax returns, so there’s no surprises come April!
Read MoreCanada Emergency Rent Subsidy
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Time to read: 2 minutes
The government has finalized details of the new Canada Emergency Rent Subsidy, and the accompanying Lockdown Support program, which is the replacement program for the Canada Emergency Commercial Rent Assistance program. The new Rent Subsidy is a generous program, but the rules are complex. Read on for all the details!
Read MoreEverything you need to know about the new CERB transition programs
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Time to read: 3 minutes
As some government support programs end, others are opening up. We’ve summarized everything you need to know about the income support available now that CERB has ended.
Read MoreNew GST/HST changes for osteopaths
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Time to read: 2 minutes
The CRA has released new guidance on how GST/HST applies to osteopathy. Read on for more details!
Read MoreNew CERB transition benefits
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Time to read: 2 minutes
The government has announced some big new programs to help people transition from the Canada Emergency Response Benefit (CERB), as that program winds down.
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