Articles
Practical tax and accounting guidance for individuals, professionals and business owners in Ontario.
GST & HST Overview
GST & HST Overview Rates HST Rates (Current) The HST is a combined federal and provincial sales tax, applicable in certain provinces where the…
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Vehicles For Business
Vehicles For Business Vehicle Deduction Limits (2025) For businesses and self-employed individuals using their vehicles for work, the CRA allows certain deductions based on…
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Savings and Pension Plans
Savings and Pension Plans RRSP Contribution Limits (2025) The RRSP contribution limit is based on a percentage of your previous year’s earned income, up…
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Personal Income vs Incorporating
Personal Income vs Incorporating When deciding between paying personal taxes versus incorporating your business in Canada, it’s important to weigh the tax implications of…
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Capital gains Taxation
Capital gains Taxation In Canada, capital gains tax is applied to the profit from the sale of investments or assets like stocks, real estate…
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CPP ENHANCEMENT
Effective January 1st, 2024, the Canada Revenue Agency (CRA) has implemented significant changes to the Canada Pension Plan (CPP) by the with the aim…
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Underused Housing Tax
Effective January 1, 2022, The Canadian Government has implemented an annual 1% tax on the value of vacant or underused residential real estate owned…
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