Insights & Updates

Tax & Accounting Knowledge Centre

Plain-English guidance on filing, deductions, bookkeeping and CRA correspondence, written by the team that does this work every day in Toronto.

When Should You Incorporate Your Small Business?

The income level where incorporation starts to pay off, what it costs, and when staying a sole proprietor is the better call.

Who has to register, how to choose a reporting period, claiming input tax credits, and the filing mistakes that trigger CRA penalties.

Expense tracking, quarterly instalments, RRSP timing and CPP planning for freelancers, contractors and gig workers.

What a Notice of Assessment, reassessment, information request or demand to file actually means — and how to respond to each.

Ten steps to close your books cleanly: reconciliations, GST/HST, receivables, payroll, inventory, CCA and year-end statements.

Tell us about your situation and we will point you to the right answer. The first consultation is free, in person in Scarborough or online.