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Ontario business owners can pay family members through a corporation, but salaries must reflect real work and reasonable market rates. Learn the CRA’s “Stranger Test,” salary and dividend rules, TOSI risks, and documentation essentials to reduce audit risks and stay tax-compliant.
Years behind on corporate taxes? Learn how to file overdue T2 returns, avoid CRA penalties, and use the Voluntary Disclosures Program to get back on track. A practical step-by-step guide for London, Ontario and Canadian small business owners, with CPA tips to stay compliant.
Is your accounting setup still right for your business? Discover 7 warning signs, key CRA thresholds like GST/HST and payroll, and when to bring in a CPA. A practical tax planning and bookkeeping guide for London, Ontario small business owners.
Calendar vs. non-calendar year-ends can affect tax timing, cash flow, reporting, and business planning. Learn how Canadian corporations can choose a fiscal year-end that fits their operations, seasonality, management needs, and long-term financial strategy.
Learn how to make your small business financing-ready before you need a loan. Discover bookkeeping, financial statements, business credit, and compliance tips every Ontario entrepreneur needs to secure funding faster and avoid loan rejection.