Articles

A practical, Ontario-focused guide for pharmacists considering incorporation, covering tax benefits, regulatory requirements, and long-term planning considerations. Most pharmacists don’t think about incorporation until they

    CPP rates and thresholds continue to rise in 2026. This guide explains how CPP and CPP2 impact payroll, incorporated businesses, and professional corporations,

Incorporated physicians with substantial corporate wealth face unique estate and succession challenges. This article explains how strategies like estate freezes, holding companies, trusts, and insurance

    Salary and dividend decisions influence tax, CPP, RRSP room, and mortgage eligibility. This guide explains how incorporated professionals in Ontario can choose the

Pharmacists working as independent contractors often wonder if their services are subject to HST. This article explains how CRA classifies pharmacy services, what counts as

QuickBooks Online is Canada’s most popular accounting software, and for good reason. But it’s not your only option. Explore top Canadian accounting software alternatives, see

A Private Health Spending Account (PHSP), also called a Health Spending Account (HSA), lets incorporated business owners pay for medical and dental expenses through their

Many small business owners handle their own bookkeeping but struggle with accuracy. Errors in accounting entries can lead to CRA penalties, incorrect HST filings, and

Capital Cost Allowance (CCA) lets you deduct the cost of depreciable assets over time, helping reduce corporate tax and improve cash flow.

In this article, we break down the key CCA classes, how recapture and terminal loss work, and important rules for rental properties—plus a quick reference table for business owners.