How Long Should You Keep Tax Records in Canada?
Every tax season, the same question comes up: how long do I actually need to keep all of this? The shoebox of receipts from three years ago, the T4 slips from your first year in business, the invoice for that piece of equipment you bought and later sold, at what point can you safely let […]
Should Incorporated Professionals Pay Salary or Dividends? The 2026 Analysis for Ontario-Based Business Owners
If you operate through a Canadian-controlled private corporation (CCPC), one of the most consequential decisions you face each year is how to get money out of your corporation and into your hands. The two primary options are salary and dividends, and the right answer depends on far more than the tax rate alone. At Cassar […]
2026 Canadian Tax Deadlines
Your Complete Guide to Personal, Corporate and Filing Deadlines for the 2025 Tax Year Tax season has arrived. Whether you run a professional practice, manage a growing business, or simply want to stay on top of your personal filing obligations, knowing when things are due can save you real money. The Canada Revenue Agency (CRA) […]
The Most Wonderful Time of the Year: Year-End Review
*While this post is written under the assumption that your fiscal year end is December 31st, these concepts can be applied based on any fiscal year end date. If you own a small business, it is very important to plan how you can set yourself up for success for the year ahead. Most businesses know […]
Should I Pay Myself a Salary or Dividends?
One of the common questions we hear from our business owner clients is how they should structure their business to maximize their profits and minimize their tax obligation. If you own a business through a corporation, you have the choice to pay yourself a salary or dividends (or a combination of both). Salary […]
Support is on its way! – Canada’s COVID-19 Economic Response Plan (PART 2)
A Letter to Small Business Owners: Hope that you are all keeping well and safe as we progress through this crisis. We wanted to reach out to you again because you likely would have seen some of the Federal government’s announcements over the past few days as it attempts to bolster its Economic Response Plan for […]
Support is on its way! – Canada’s COVID-19 Economic Response Plan
A Letter to Small Business Owners: Hope that you are all doing well in spite of this COVID-19 crisis. What a situation this is… We just wanted to take a moment to let you know that we continue to be fully operational and are ready to assist you with any of your tax/accounting needs. We […]