Balancing the Books
Insights and Tips for Navigating Business and Finance
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The 2026 lifetime capital gains exemption is $1,275,000. Here is how business owners qualify their shares, avoid the purification trap and plan for AMT.
Incorporating saves tax only on profit you leave in the corporation. Here is the 2026 Ontario math, the signs it
The documents Canadian lenders ask for, the ratios they calculate from your financial statements, government-backed options for newer businesses and
What separates a compilation, a review and an audit in Canada, who asks for each, how cost and timing change,
A line-by-line guide to reading your company’s balance sheet, with a sample statement for a small Canadian corporation, the ratios
If your corporation looks like an employee in disguise, the CRA can tax it at punishing rates. What a personal
A practical list of deductible rental expenses, how to tell repairs from improvements, how capital cost allowance works, and the
What a dental professional corporation is, who can own it, what it saves in tax, what changed for income splitting,
Which tips go through payroll, which do not, what Ontario law says about tip pools, and how to record card
Shopify deposits never match your sales report. A step-by-step method for reconciling payouts so revenue, fees, refunds and sales tax