Small business owners can use the increased Lifetime Capital Gains Exemption (LCGE) in 2026 to shelter up to $1,275,000 in capital gains when selling eligible businesses, reducing taxes and improving succession and exit planning with proper compliance and planning.
2026 tax changes bring lower personal tax rates, stable capital gains rules, and higher CPP and EI payroll costs. Small business owners should review tax planning, payroll, and deductions to stay compliant and protect profitability.
Start 2026 strong with smart tax planning, organized finances, and updated CRA guidelines. This guide highlights key strategies for individuals and businesses in Canada to optimize RRSP/TFSA contributions, manage taxes, and build a stable financial foundation for the year ahead.
As a CPA and accountant at Bhundhoo Tax in London, Ontario (the heart of the Forest City), I've consulted with hundreds of Canadian business owners over the years. Whether they're searching for an "accountant near me," a "virtual accountant," a fractional CFO, or expertise in com...
In the fast-paced world of Canadian business, scaling up sales often feels like the ultimate win. You've landed new clients, expanded your product line, and watched revenue climb month after month. But then reality hits: your bank account isn't reflecting that growth. Expenses are piling up, cash is...