Resources
Straight answers, in plain English.
Written for owners of Canadian corporations: what to do when you’re behind with CRA, and how to keep the books in shape once you’re caught up.
Catch-up & CRA
Unfiled returns, CRA letters, penalties, and the way back to current.
Behind on GST/HST? How to catch up on missed returns
What happens when a business stops filing GST/HST, how penalties, interest and input tax credits work, and how to catch up on missed returns.
CRA notional assessment: what it means and how to replace it
Why CRA assessed your corporation for income you never reported, how a notional assessment under s.152(7) works, and how the real return replaces it.
How much does it cost to catch up on corporate taxes in Canada?
What a corporate tax and bookkeeping catch-up costs in Canada, what drives the price, and why waiting costs more. Cayde catch-ups: about $2,000 a year.
How to catch up on years of unfiled corporate tax returns
Step-by-step guide for Canadian corporations years behind on T2s, GST/HST and bookkeeping: what to do first, what order to file in, what CRA expects.
The Voluntary Disclosures Program, in plain English (2025 rules)
How the CRA Voluntary Disclosures Program works since the October 1, 2025 changes: who qualifies, prompted vs unprompted, and how much relief you get.
What CRA actually charges when your T2 is late
The failure-to-file penalty, the repeat-failure rate, arrears interest, and why an unfiled corporate year never closes.
You received a Demand to File. What happens next.
What a CRA demand to file means, the three things it changes, and the order to deal with it in.
Bookkeeping & year-end
Keeping the books in shape once you’re caught up.
The chart of accounts: a practical guide for Canadian small businesses
What a chart of accounts is, how to set one up in QuickBooks Online or Xero, the accounts a Canadian corporation needs, and mistakes that cost you at year-end.
DIY bookkeeping or a professional? How to decide
When doing your own books works, what it really costs when it doesn’t, and the signs a Canadian corporation should hand bookkeeping to a professional.
Financial statements, explained for Canadian business owners
The balance sheet, income statement, cash flow statement and notes in plain English, plus what CRA, lenders and your T2 return need from them.
Bookkeeper, accountant or CPA: who does your corporation need?
What bookkeepers, accountants and CPAs each do in Canada, which titles are regulated, and which one a small corporation actually needs, and when.
Industry guides
Rules that apply to particular kinds of businesses and organizations.
Not-for-profit accounting in Canada: six things to get right
Bookkeeping and accounting for Canadian not-for-profits and charities: restricted funds, ASNPO statements, T2, T1044 and T3010 filings, and board reporting.
Should you form a personal real estate corporation (PREC) in Manitoba?
Manitoba real estate agents can incorporate as a PREC. How it defers tax, how the split income rules limit family dividends, and when it’s worth the cost.
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