A practical technical guide to IFRS vs US GAAP for Canadian businesses dealing with U.S. investors, lenders, parent companies or transaction counterparties — covering revenue recognition, lease accounting, development costs, financial instruments and SEC considerations.
Small Business
Selling on Amazon or Shopify? Here’s What Canadian Sellers Owe the IRS
Canadian sellers on Amazon and Shopify may owe US sales tax, state income tax, and IRS filings — even without a US address. Here’s what GTA-based e-commerce sellers need to know about cross-border tax obligations.
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Common Bookkeeping Mistakes That Trigger CRA Audits (And How to Avoid Them)
Bookkeeping mistakes can quietly trigger a CRA audit. Learn the most common errors Canadian business owners make and how to avoid them with help from Syed CPA Professional Corporation.
Common Bookkeeping Mistakes That Trigger CRA Audits (And How to Avoid Them) Read More »
Working for a US Company While Living in Ontario: Your Canadian Tax Guide
Living in Ontario while working for a US company? Learn how CRA taxes your foreign income, what the US-Canada tax treaty means for you, and whether you owe CPP, HST, or need to file in both countries.
Working for a US Company While Living in Ontario: Your Canadian Tax Guide Read More »
Salary vs. Dividend: Which Is Better for Ontario Small Business Owners in 2026?
Trying to decide between salary and dividends as an Ontario small business owner in 2026? Learn the tax pros and cons of each approach and why the right answer usually lies in the mix.
Salary vs. Dividend: Which Is Better for Ontario Small Business Owners in 2026? Read More »
Employee vs. Independent Contractor in Canada: How CRA Decides and What It Costs to Get It Wrong
CRA uses a multi-factor test to decide if a worker is an employee or contractor — and misclassification can trigger costly reassessments. Here’s what Ontario business owners need to know.
Ontario Small Business Deduction: Are You Getting the Full 12.2% Combined Tax Rate in 2026?
Ontario CCPCs can pay as little as 12.2% combined tax on active business income — but passive income, associated corporations, and other CRA rules can silently reduce that benefit. Here’s what to watch for in 2025.
Passive Income Inside Your Corporation: How It Can Quietly Kill Your Small Business Deduction
If your Ontario CCPC earns passive income over $50,000, your small business deduction could be quietly shrinking. Here’s how the rules work and what you can do about it.
Simplified Home Office Deduction for 2026: How Can You Claim Up to $500
The CRA’s simplified home office deduction continues in 2026, allowing GTA business owners and self-employed individuals to claim up to $500 without detailed receipts. Learn who qualifies and how to maximize this valuable tax benefit.
Simplified Home Office Deduction for 2026: How Can You Claim Up to $500 Read More »
