Featured Articles

Should You Invest in Cryptocurrency Personally or Through Your Corporation?

crypto tax planning

As cryptocurrency investing in Canada continues to grow, many incorporated professionals – especially consultants, IT specialists, and entrepreneurs – are asking an important question:
Is it better to invest in crypto personally or through my corporation?
Read More

Written by MadanCA Team on October 28, 2025 @ 12:02 pm
Filed under:

All Articles Posts

Quick Method of HST Collection

Calculating HST payable in Ontario is a requirement for most small businesses. Thankfully, there is a simple way to do this – the Quick Method.

Hits: 12 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Tax Strategies for Newlyweds

This short article is called tax tips for newlyweds. If you recently got married and have a hangover from the bill, this article is certainly for you.

Tagged In:  
Hits: 28 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Top 5 Misconceptions and Myths About Canadian Taxes for Non-Residents

This short article is called ‘Canadian Taxes for Non Residents and the Top Five Myths’.  I am going to clear up some misconceptions and myths, so let’s get started.

Hits: 32 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Key Federal Budget Changes for Small Businesses

What are the top changes in the 2013 Federal Budget that business owners should know about? Read this article to find out.

Hits: 52 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

How to Prepare GIFI – Tax Financial Statements for T2

Are you a do-it-yourself kind of person, and want to prepare the T2 Corporate Tax Return on your own? If yes, then watch this video on “How to Prepare the GIFI (i.e. tax financial statements) for the T2 Corporate Tax Return.” This video starts from where we left off at the end of my previous … Continue reading How to Prepare GIFI – Tax Financial Statements for T2

Tagged In:  
Hits: 150 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

How to Prepare Financial Statements

In this article called, “How to Prepare Financial Statements”, I am going to walk you through, step by step, how to prepare financial statements for your business or corporation.

Hits: 84 |  
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
0 Comments | Continue reading

Top tax-saving tips for IT contractors and consultants.

An excellent tax saving strategy for independent contractors is to learn of and apply all tax deductions that are available for reducing taxable income. This article indicates numerous deductible expenses that can result in substantial tax savings for self-employed individuals.

Hits: 2962 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Reasons IT consultants and contractors should incorporate.

Many IT consultants and independent contractors are operating as sole-proprietors without considering the benefits of incorporation, according to an informal survey by Accountants for IT Consultants. Not only are they paying higher taxes, they are also exposing their personal assets to potential legal liabilities. This article will cover the key reasons why it is beneficial … Continue reading Reasons IT consultants and contractors should incorporate.

Hits: 5492 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
2 Comments | Continue reading

Is it better to take a Salary or Dividend?

Whether to take a salary or dividend from the corporation is a complicated decision that a small business owner usually has to make. This article indicates advantages of both alternatives so you can decide which option is beneficial for you! Advantages of taking Salary Increase your RRSP contribution limit By taking a salary from your … Continue reading Is it better to take a Salary or Dividend?

Tagged In:  
Hits: 2040 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

US tax issues for Canadian online businesses explained.

As a U.S. tax accountant in Canada, I have come across many Canadian online businesses that sell to U.S. customers who completely ignore the IRS (Internal Revenue Service). The U.S. is a global hub for international business. The result? America has one of the world’s most complicated tax codes with hidden traps everywhere. As such, … Continue reading US tax issues for Canadian online businesses explained.

Hits: 785 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Free Online Tax Assessment

Save on Personal Taxes with this Incredible tool!

Save on thousands of dollars every year on personal taxes with this Incredible, FREE tool!

SAVE TAX NOW

Pin It on Pinterest

Share This