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CRA to Default Business Correspondence to Online Mail – What You Need to Know
The CRA is moving to digital-by-default for most business correspondence starting May and June 2025. Learn how this change affects your business, how to avoid missed notices, and how to opt out if you prefer paper mail.
Mikhail Kolchanov, CPA
Jun 83 min read
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Introducing Client Portal
We are pleased to introduce our new secure Client Portal, designed to make exchanging documents with our office easier, safer, and more...
Mikhail Kolchanov, CPA
May 132 min read
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Tax Efficient Strategies to Save for Your First Home Down Payment
Discover tax-efficient strategies to save for your first home with tools like the FHSA, HBP, and First-Time Home Buyers' Tax Credit.
Mikhail Kolchanov, CPA
Dec 30, 20247 min read
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The GST/HST Quick Method Election for Small Businesses: A Simplified Tax Solution
The GST/HST Quick Method is a streamlined accounting option provided by CRA to simplify the GST/HST reporting process for small businesses.
Mikhail Kolchanov, CPA
Oct 31, 20244 min read
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Benefits of Corporate Owned Life Insurance
Holding life insurance through a small business corporation can provide several advantages that business owners might find compelling.
Mikhail Kolchanov, CPA
Oct 23, 20243 min read
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Record Keeping in the Modern Age
Record keeping has evolved with technology, offering cloud-based solutions that simplify compliance, improve accuracy...
Mikhail Kolchanov, CPA
Oct 8, 20245 min read
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Deducting Business Use of Home Expenses: A Guide for Entrepreneurs
Follow our guide and use our calculator to estimate your business use of home deduction.
Mikhail Kolchanov, CPA
Sep 24, 20243 min read
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Tax-Exempt Vehicle Allowance for Owners of Small Corporations in Canada
As the owner of a small corp. in Canada, you may be eligible to receive a tax-free vehicle allowance if you use your personal auto for bus..
Mikhail Kolchanov, CPA
Sep 19, 20243 min read
215 views
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Benefits of a Health Spending Account (HSA) for Incorporated Small Business Owners
A Health Spending Account (HSA) is a type of private health plan that incorporated businesses can use to cover a wide range of medical expen
Mikhail Kolchanov, CPA
Sep 5, 20244 min read
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Short-term Rental Accommodation Tax (effective April 1st, 2024) Winnipeg, MB.
The City of Winnipeg has implemented significant changes for short-term rental operators, effective April 1, 2024.
Mikhail Kolchanov, CPA
Apr 1, 20243 min read
78 views
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