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Tips, guides, and insights on bookkeeping, accounting, payroll, and growing your Canadian business.
Shareholder Loans Tax Implications Canada: The One-Year Rule
Understand the CRA one-year rule for shareholder loans, the interest benefit, exceptions, and how to track advances so they don't turn into a taxable surprise.
Corporate Tax Return T2 Deadlines Canada 2026
Learn the corporate tax return T2 deadlines in Canada for 2026, including the difference between filing and balance-due dates, and how to avoid late penalties.
GRIP (General Rate Income Pool) in Canada Explained
Understand the General Rate Income Pool (GRIP) in Canada: its purpose, calculation, impact on eligible dividends, and common mistakes. Includes a worked example for an Ontario contractor firm and practical tips for CPAs.
RDTOH: Refundable Dividend Tax on Hand Canada Guide
A comprehensive guide to refundable dividend tax on hand (RDTOH) in Canada. Understand calculation, eligible vs non-eligible dividends, and how Awditify helps track and automate RDTOH for your clients.
Immediate Expensing Deduction Canada 2026: What You Need to Know
The immediate expensing deduction in Canada lets eligible businesses deduct the full cost of qualifying property. In 2026, the limit for CCPCs falls to $600,000. This guide explains the rules and how to claim.
Small Business Deduction in Canada Explained (2025 Guide)
The small business deduction (SBD) helps eligible Canadian corporations reduce their tax rate on active business income. This guide covers who qualifies, how the calculation works, and common mistakes to avoid.
T2 Short Form vs Long Form: Canada Corporate Tax Guide
Understand the difference between T2 short form and long form in Canada. This guide explains eligibility, schedules, and filing tips for your corporate tax return.