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.
Selling on Amazon or Shopify? Here’s What Canadian Sellers Owe the IRS Read More »
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 »
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 »
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 »
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 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.
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.
Ontario realtors can now incorporate to access the 12.2% small business rate, but missing key deductions like vehicle expenses, home office, and commission rebates could cost you thousands.
Self-Employed Realtor Tax Deductions in Ontario: Complete Write-Off Guide for 2025 Read More »
The CRA’s 2025 mileage rate hit 70 cents per km and home office rules tightened—GTA realtors need to know which expenses work better under a PREC versus claiming them personally on a T1.
Home Office, Mileage, and Meal Deductions for Ontario Realtors: Personal vs PREC Rules Read More »
The 2025 flat rate is 72¢/km, but CRA requires Uber drivers to use actual expenses. Learn which method truly maximizes your tax deductions and how to track everything properly.
Most Uber drivers miss deductions worth $2,000+ annually. Beyond gas and car payments, phone bills, car washes, parking, and dozens of other expenses count if tracked properly.
Digital platforms now report driver income directly to CRA starting January 2025. Learn what Uber and Lyft drivers in the GTA must know to stay compliant and avoid costly audits.
Starting in 2025, the CRA can deny ALL your rental expense deductions if your short-term rental doesn’t comply with local licensing rules. Learn how to protect yourself and avoid paying tax on your gross rental income.
Can I Deduct My Rental Property Expenses If I Don’t Have a License in 2025? Read More »
The CRA requires Canadian businesses to keep financial records for six years, but many Ontario small business owners don’t know exactly what documents they need or how to store them properly. Learn the complete compliance checklist to avoid audits and penalties.
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 »
