Insights & Advice for Business Owners
Welcome to my Blog — your go-to resource for small business financial insights across.
Whether you're a startup navigating cash flow or an established company looking to streamline your accounting, tax preparation & bookkeeping processes, you'll find valuable content designed to support your success.
As a CPA and QuickBooks Pro Advisor, I’m here to break down complex topics into clear, actionable advice tailored for entrepreneurs.
Bookmark this page and check back weekly for fresh content on accounting, taxation, bookkeeping, financial management, software integration, and more.
What to Do If You Don’t Receive Form T2200 for Your Work-from-Home Expenses
Can’t get Form T2200 from your employer? Discover your options for claiming home office expenses, including the CRA flat rate method and compliance tips.
Canada Caregiver Credit: What You Need to Know and How to Claim It
Need the Canada Caregiver Credit? Find out who qualifies, how much you can claim, and which CRA forms and documents you’ll need.
RRSP Over-Contributions: What They Mean and the CRA Forms You’ll Need
Contributed more than your RRSP limit? Understand CRA penalties, deadlines, and the key forms—T1-OVP, T3012A, T746, RC2503—you’ll need to resolve it.
Understanding Canadian Paystubs: Why Your Paycheque Looks Different Than Expected
Learn how to read your Canadian paystub, understand deductions, and check your net pay accurately.
Should You Incorporate Your Business in Canada? Key Tax Considerations
Many Canadian business owners wonder if they should incorporate. This blog explains the tax deferral benefits, rules, and when incorporation makes financial sense.
Shareholder Loans in Canada: What Business Owners Need to Know
Many business owners think they can borrow from their corporation indefinitely. Learn how shareholder loans in Canada work, repayment rules, and the tax consequences of not paying them back on time.
Personal Services Business (PSB) in Canada: Are You Really an Employee in Disguise?
Are you at risk of being classified as a Personal Services Business (PSB) in Canada? Discover CRA rules, tax consequences, and strategies to protect your contracting income.
FHSA Canada: How First-Time Homebuyers Can Save for Their Dream Home
Learn how Canada’s First Home Savings Account (FHSA) helps first-time homebuyers save faster with tax-free growth and withdrawals. Tips, eligibility, and strategies for buying your first home.
Why Multi-Entity Businesses Struggle with Financial Reporting (And How to Fix It)
Many businesses with multiple subsidiaries struggle to get accurate, timely financial reports. Learn why consolidation reporting is essential and how CPA-led services can simplify your group-level financials.
Dividend Income in Canada: Getting Paid Smarter
Dividends are profit-sharing payments from companies to shareholders. Learn how eligible, non-eligible, and foreign dividends are taxed in Canada, where to report them on your T1 return, and why they’re a smart tool for building long-term wealth.
Top 7 Tax Deductions Every Self-Employed Professional in Toronto Should Know
Being self-employed in Toronto? Don’t miss out on valuable CRA tax deductions. Learn the top 7 write-offs for freelancers, contractors, and gig workers to save money and avoid tax surprises.
How to Handle Shareholder Buyouts in a Canadian Private Company: A Complete Income Tax Decision Tree
Understand the key income tax rules when a shareholder is bought out in a Canadian private company. Explore share redemptions, private sales, and related-party transactions through our clear decision tree.
How Can I Keep My Business Afloat During a Recession?
Learn how to survive and thrive during an economic downturn. This guide covers managing cash flow, focusing on core customers, boosting efficiency, and staying competitive in a recession.
From Burn Rate to Boom: How to Stretch Every Dollar in a Startup
This guide shows startup founders how to reduce burn rate, prioritize smart spending, and stretch every dollar while keeping growth on track. Includes real-world tips on budgeting, negotiating, and financial runway management.
Navigating Tips and Gratuities in Canada: A Guide for Employers and Employees
This guide explains how tips and gratuities are treated in Canada, including when they are pensionable under CPP, insurable under EI, and taxable. Learn the difference between controlled, direct, and declared tips, and what employers and employees need to know for proper reporting.
Top Accounting Firms in Downtown Toronto: Trusted Experts for Your Business
Downtown Toronto is home to top-tier accounting firms that help businesses manage finances, taxes, and growth. We spotlight the best—featuring Ali Asghar CPA as a trusted advisor for entrepreneurs and professionals alike.
Missed the T2091 Deadline? Here's What It Means for Your Principal Residence Sale
Selling your principal residence? Don’t forget Form T2091. Late filing can lead to penalties and reassessment—even if no tax is owed. Learn how to fix missed filings and protect your exemption with help from a Tax Accountant.
Stretching Startup Dollars: From Burn Rate Panic to Financial Power
Burn rate can be a silent killer—or a strategic advantage. Learn how startups can stretch every dollar, cut waste, and build financial power with the help of a Fractional CFO. From lean budgeting to runway forecasting, this guide unlocks the smartest ways to scale sustainably.
Kickstart Your Startup with a CFO Consultant: The Smartest Move Founders Rarely Make
Every founder knows how to hustle—but few realize early enough the power of financial strategy. Learn how partnering with a CFO consultant can elevate your startup’s game with smarter decision-making, investor-ready forecasting, and scalable support that fits your early-stage needs
Five Costly Finance Mistakes Startups Make—and How to Dodge Them with a Fractional CFO
Startups don’t fail because of bad ideas—they fail because of financial missteps that creep in unnoticed. From tangled cash flow to scaling too fast, this article unpacks five common financial mistakes startups make—and how a Fractional CFO can offer strategic, scalable support. Learn how to turn financial chaos into clarity.