Insights And Resources

Practical guidance on taxes, payroll, and financial strategy for small business owners.

Sales Tax

September 1, 2024

Your Essential Guide to GST/HST Registration

Learn when GST/HST registration becomes mandatory, the benefits of registering voluntarily, common mistakes to avoid, and how complete the process with the CRA.

Personal Tax

January 6, 2024

2025 Tax Deadlines: What Canadians Should Know

Stay on top of Canada's 2025 tax deadlines for personal returns, corporate T2s, GST/HST, T4 slips, T5 slips, and RRSP contributions.

Sales Tax

September 18, 2023

Understanding the GST/HST Place of Supply Rules in Canada

Find out how Canada's place of supply rules determine which GST/HST rate to charge when selling goods and services to customers in different provinces.

Corporate Tax

August 30, 2023

Capital Losses And Non-Capital Losses: What’s The Difference?

Learn the difference between capital losses and non-capital losses, how to carry them back or forward, and how each type reduces your tax bill.

Corporate Tax

August 19, 2023

Decoding Eligible And Non-Eligible Dividends

Understand eligible vs non-eligible dividends in Canada, including gross-up rates, dividend tax credits, and how the integration principle prevents double taxation.

Accounting

January 27, 2023

Income Statement 101: Everything You Need to Know

Learn what an income statement is, how to read its key components, and how to use ratios like gross margin and return on equity to assess your business performance.

Accounting

January 13, 2023

What Is A Balance Sheet And How To Understand It?

Learn what a balance sheet is, understand the key components, and use ratios like the current ratio and debt-to-equity ratio to assess your business's financial health.

Bookkeeping

November 17, 2022

7 of The Best Benefits From Outsourcing Bookkeeping

Save time and money by outsourcing your bookkeeping. Discover 7 key benefits, from better financial records to smoother year-end filing process.

Bookkeeping

November 10, 2022

8 Signs You May Need to Hire a Bookkeeper

Is your bookkeeping falling behind? Learn the 8 warning signs that it's time to hire a bookkeeper and get your finances back on track.

Bookkeeping

October 28, 2022

What’s the Difference Between Bookkeepers and Accountants?

Not sure whether you need a bookkeeper or an accountant? Learn what each role does, their qualifications, and how they help your business succeed.

Personal Tax

August 31, 2022

RRSP Or TFSA: What’s The Best Way To Save Your Money?

Compare RRSPs and TFSAs to find the best savings strategy for your situation. Learn how your marginal tax rate today vs retirement determines which account wins.

Payroll

July 22, 2022

Dividends vs. Salary – What’s The Best Way To Pay Yourself As A Business Owner?

Compare paying yourself dividends vs salary. See the tax costs, pros, cons, and which option puts more money in your pocket.

Sales Tax

July 6, 2022

Use The GST/HST Quick Method To Save Tax And Time

The GST/HST quick method simplifies filing and ca reduce the tax you owe. Learn eligibility rules, remittance rates,, and how it compares to the regular method.

Corporate Tax

July 1, 2022

Buying Or Leasing A Company Vehicle In Canada

Compare the tax implications of buying and leasing a company vehicle in Canada, including CCA classes, lease limits, GST/HST input tax credits, and personal use rules.

Corporate Tax

June 4, 2022

Eligible Business Expenses In Canada

Discover which business expenses are tax-deductible. Covers advertising, home office, meals, vehicle costs, salaries, travel, and more.

Payroll

May 30, 2022

Contractor vs Employee? Making the Right Decision for Your Business

Learn how Canada's 6-factor test determines contractor vs employee status, the regulatory difference between each, and when to request a CRA ruling.

Corporate Tax

May 14, 2022

What Is A Section 85 Rollover?

A section 85 rollover lets you transfer eligible property to a corporation on a tax-deferred basis. Learn the rules, elected amounts, and T2057 filing requirements.

Payroll

October 13, 2021

Taxable Benefits In Canada: What You Should Know As An Employer

Learn which employee benefits are taxable, how to calculate vehicle and other benefits, and how to report them correctly on T4 slips.

Corporate Tax

September 13, 2021

Important Things To Know About Your Corporate Income Tax Return

Learn the T2 filing deadlines, CRA interest and penalties, instalment requirements, and available tax credits to keep your corporation compliant.

Bookkeeping

July 6, 2021

12 Helpful Bookkeeping Tips For Small Businesses

Practical bookkeeping tips for small businesses. Learn how to choose software, stay organized, automate tasks, and keep up with tax deadlines.

Personal Tax

June 17, 2021

Understanding The Taxation Of Cryptocurrency In Canada

Understand how the CRA taxes cryptocurrency, including capital gains and business income, staking, mining, GST/HST obligations, and T1135 reporting.

Corporate Tax

May 11, 2021

The Advantages And Disadvantages Of Incorporating

Thinking about incorporating your business? Learn the key advantages like limited liability and lower taxes, plus the real costs and complexity involved.

Corporate Tax

April 19, 2021

The Benefits And Risks Of Your Shareholder Loan Account

Learn how shareholder loan accounts work, the ITA rules and exceptions, interest requirements, and how a debit balance can affect your LCGE eligibility.

Rattray CPA helps to simplify the lives of small business owners through cloud accounting technology and expert financial guidance.

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