Articles: Tax Preparation

Last updated: 2026-03-30 11:25:25 Saskatchewan Budget 2026: 5 Things You May Actually Care About Saskatchewan’s 2026 budget is out. And like most government budgets, it’s filled with technical language that doesn’t always translate into day-to-day decisions for small business owners, farmers, and families. So instead of breaking down everything, here are five updates that may actually … Read more

Last updated: 2026-03-30 11:14:37 Ontario Budget 2026: What It Means for Business Owners, Farmers, and Families  Ontario’s 2026 budget is out, and while there are not sweeping tax changes across the board, there is one update that stands out right away: a proposed reduction in the small business tax rate.  Beyond that headline, the broader story is … Read more

Last updated: 2026-03-30 11:14:04 Manitoba Budget 2026: What It Means for Business Owners, Farmers, and Families Manitoba’s 2026 budget is out. And if you were expecting major tax changes, there aren’t many. Instead, this is a steady, support-focused budget — with continued advantages for small businesses, ongoing support for agriculture, and a few incremental affordability measures for households. … Read more

Last updated: 2026-03-02 13:55:05 What Your Accountant Wishes You’d Bring to Your Tax Appointment Tax season has a way of creeping up on business owners. Between managing operations, watching input costs, planning for weather, and thinking about the year ahead, organizing tax documents can feel like one more task on an already full plate. But here’s … Read more

Last updated: 2025-11-06 14:13:57 The 2025 Federal Budget, Building Canada Strong, is focused on three big goals: Building more homes Upgrading infrastructure Supporting businesses All while the federal government pledges to tighten its fiscal belt. For small business owners, farmers, and entrepreneurs, Budget 2025 brings both new opportunities and a few policy resets that could shape … Read more

Last updated: 2025-09-11 12:18:04 As we wind down another challenging year of dealing with historic inflation, the last thing you want to think about is taxes. However, with profit margins tighter than ever, this is exactly the right time to take steps to minimize your tax burden. For incorporated businesses, this starts with understanding your income … Read more

Last updated: 2025-07-15 14:02:42 What is a tax write-off? A tax write-off is simply another way of saying “tax deduction.” With a tax write-off, you can deduct a large number of expenses approved by the Canada Revenue Agency, all of which help to significantly reduce your taxable business income. For example, if you make $100,000 a year … Read more

Last updated: 2025-06-30 11:35:18 In an attempt to save money at tax time, small business owners often ask: “Can I do my own corporate taxes?” The short answer is: Yes, of course you can! However… … it’s important to know what you are getting yourself into, because DIY business tax filing can end up costing far … Read more

Last updated: 2025-06-18 08:46:51 If you need to purchase a major capital asset, such as a building, machinery, or equipment to use in your farming business, consider buying it before the end of the fiscal year. Doing so can help you claim tax depreciation, or capital cost allowance (CCA), which reduces your taxable income.  What is … Read more