Notes on tax and record-keeping
Clear explanations of the things that quietly cost people money at tax time.
Tax · 2 min read
The two tax dates that matter, and the one people get wrong
Most people know April 30. Fewer know that being self-employed moves your filing date but not your payment date, which is where the interest comes from.
Business · 2 min read
Should you incorporate? The honest answer is usually 'not yet'
Incorporation gets recommended far earlier than it should. Here is the arithmetic that actually decides it, and the costs nobody mentions up front.
Tax · 3 min read
The $30,000 GST threshold catches people mid-year
It is not an annual test you check each January. It is a rolling one, and how fast the obligation lands depends on which way you crossed it.
CRA · 2 min read
A CRA letter arrived. What to do in the first week
Most CRA correspondence is a routine review, not an audit. How you answer the first letter shapes everything that follows, so it is worth answering carefully.
Bookkeeping · 2 min read
Two years behind on the books: how catch-up actually works
Falling behind is common and recoverable. What it costs depends almost entirely on how the records were kept while nobody was looking.