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Top 4 Tax-Saving Strategies for Canadian Small Businesses & CCPCs (2026 Guide)

Lilly March 3, 2026

Updated January 2026 Estimated reading time: 4–5 minutes Running a successful small business in Canada — particularly in competitive markets like Vancouver — requires careful management of expenses, including corporate and personal income taxes. With ever-changing tax rules and a challenging economic environment, 2026 is the perfect time to revisit your tax planning stretegy.  In this guide, we outline four

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Understand CRA Interest and Penalties in a High-Interest Rate Environment

Lilly September 16, 2024

For years, corporate taxpayers paid very little attention to the bottom part of their annual corporate tax assessment notices.  That bottom part summed up late installment charges that are included in the final tax bill.  For years, installment interest charges hovered around 5% annualized so forgetting an installment or not paying the final balance owing on time had no material

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Higher Taxes All Around, More Tax Planning Opportunities All Around

Lilly September 1, 2024

Before the 2024 Federal Budget, all capital gains, earned personally or in a corporation taxed the same – 50 percent inclusion rate.  Post 2024 Federal Budget, all capital gains earned in a corporation taxed at an inclusion rate of 66.67 percent.  Capital gains earned personally is taxed at 50 percent inclusion rate for the first $250K and then increases to

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