Blog
Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
How to Prepare for Year-End Accounting in Canada
Practical steps to prepare for year-end accounting in Canada, including reconciliations, payroll, GST/HST, and document organization. Start early and avoid the scramble.
How to Record Owner Drawings in Canada: A Step-by-Step Guide
Owner drawings are common in Canadian small businesses but often recorded incorrectly. This guide explains the proper journal entries, tax consequences, and best practices for tracking drawings.
How to Write Off Bad Debt in Canada: A Practical Guide
Learn how to write off bad debt in Canada, including GST/HST adjustments, income tax deductions, and CRA requirements. Includes a real-world example for a contractor firm.
Contractor vs Employee in Canada: The CRA Test Explained
Misclassifying an employee as a contractor can lead to costly CRA reassessments. Learn the four-factor test and how to get it right.
How to Set Up Accounting for a New Business in Canada
A practical guide for Canadian small business owners and their accountants on setting up accounting from day one, including tax registration, bank feeds, and payroll.
How to Get a CRA Business Number: Registration Steps Explained
A practical guide to CRA business number registration in Canada, covering online and paper methods, required information, and common mistakes to avoid.
Taxable Benefits Canada Employer Guide 2026: What to Report to CRA
Understand which taxable employee benefits must be reported to CRA in 2026. This guide covers common benefits, valuation methods, and how Awditify simplifies payroll compliance.
Automobile Benefit Calculation Canada CRA: Employer Guide
Calculating automobile benefits under CRA rules can be complex. This guide walks through standby charge, operating cost benefit, and how to automate payroll integration with Awditify.
Tax Planning Workflow for Accounting Firms in Canada
A practical guide for Canadian accounting firms to build an efficient tax planning workflow using Awditify, covering deadlines, collaboration, and automation.
T4 and T4A Filing: Deadlines, Slips, and CRA XML Filing Guide
A complete guide to T4 and T4A filing in Canada, covering deadlines, slip preparation, CRA XML format, and common mistakes to avoid.
T2 Corporate Tax Return Canada: What Every Business Owner Should Know
Understand the T2 corporate tax return in Canada: who must file, key components, deadlines, penalties, and common tax credits. This guide helps business owners and accountants prepare accurate returns.
What Triggers a CRA Audit and How Good Records Protect You
A CRA audit can feel overwhelming, but understanding what triggers one and maintaining clean records significantly reduces your risk. This guide covers common red flags, documentation best practices, and what to do if you're selected.