Insights
Practical tax and money answers for Canadian owners and professionals, written by the accountants who file the returns.
Shareholder Loans: The One-Year Repayment Rule Explained
Take money out of your corporation as a loan and the CRA may tax it as income. When the one-year repayment rule saves you, and when it does not.
Payroll Remitter Types and Due Dates
Quarterly, regular or accelerated: your remitter type sets when payroll deductions are due to the CRA. How CRA assigns it and the dates to know.
The Productivity Mega Deduction, Explained
Ottawa has proposed a full write-off for most new business assets bought on or after September 15, 2026. What is in, what is out, and what to check first.
Do You Need a GST Number to Sell on Etsy or Amazon in Canada?
The marketplace collecting tax at checkout does not settle your own registration. For a seller resident in Canada, the $30,000 threshold still applies, and how you cross it changes the date you owe from.
The Real Cost of Buying an Expensive Car in BC: PST, Luxury Tax and GST
A $130,000 car in BC costs $163,275 once PST, the federal luxury tax and GST are stacked. Here is the order they apply in, with the Province’s own examples.
Spousal RRSPs and the Three-Year Rule
A spousal RRSP shifts retirement income to the lower earner. Withdraw within three years of a contribution and the tax comes back to the contributor.
Are Lottery Winnings Taxable in Canada? No, and Here Is What Is
Lottery winnings of any amount are not taxable in Canada. What the winnings earn afterwards is, and that is where the actual tax planning sits.
Tax on RRSP Withdrawals: The Withholding Rates, and Why They Are Not the Whole Bill
10%, 20% or 30% is withheld on an RRSP withdrawal depending on the amount. That is not the tax you owe, and the difference surprises people every April.
Is There an Inheritance Tax in Canada? What Actually Gets Taxed
Canada has no inheritance tax and no estate tax. What is taxed is the deemed disposition on the final return, and the difference matters.
Filing Taxes Late in Canada: The Penalties, and the One Route That Caps Them
What the CRA charges when you file late, including the penalties most guides leave out, and how the Voluntary Disclosures Program changed on October 1, 2025.
Behind on Payroll Remittances: What the CRA Charges and What to Do
The CRA penalty ladder for late payroll source deductions, why this debt is treated more urgently than corporate tax, and how to get back in front of it.
The CRA Froze My Bank Account: What It Is and What to Do
Why the CRA can freeze a bank account without a court order, what a requirement to pay actually is, and the routes to getting the account released.