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.
Are Fines and Penalties Tax Deductible for a CCPC in Canada?
If you run a Canadian-Controlled Private Corporation (CCPC), most government fines and penalties are not tax deductible. Learn what’s allowed and what isn’t.
Corporate Donations and Taxes in Canada: A CCPC Owner’s Practical Guide
How charitable donations work for Canadian CCPCs, what qualifies for a deduction, donation limits, carryforwards, and common mistakes business owners should avoid.
Chart of Accounts Challenges for Canadian Business Owners and How to Navigate Them
Learn how Canadian business owners can overcome chart of accounts challenges, streamline bookkeeping, and stay CRA compliant with expert CPA guidance.
Supplies Not Eligible for the GST/HST Quick Method (CRA Rules Explained)
The GST/HST quick method can simplify tax reporting, but not all supplies qualify. Learn which supplies are excluded under CRA rules and when you must remit the full amount of GST or HST.
Can You Deduct Work Suits or Commuting Costs on Your Canadian Taxes?
Are work suits, dry cleaning, or commuting to the office tax deductible in Canada? Learn what the CRA allows for employees and self-employed individuals.
Affordable Bookkeeping Services in Ontario for Small Businesses
Affordable bookkeeping services in Ontario for small businesses and professionals. CPA-led bookkeeping, HST filing, payroll, and financial reporting designed to keep you compliant and stress-free.
Are Club Dues Tax Deductible in Canada? What Business Owners Need to Know
Many Canadian business owners incorrectly deduct club dues. Learn when golf, gym, and business association memberships are deductible under CRA rules—and how to avoid costly tax mistakes.
Affordable Tax Filing Services in Toronto: 2026 Guide for Small Businesses and Individuals
A 2026 guide to affordable tax filing services in Toronto. Learn how Ali Asghar CPA helps small businesses and individuals file taxes accurately and save money.
Meals and Entertainment Expenses in Canada: What Business Owners Can Deduct
Guide for Canadian business owners on meals and entertainment expense deductions. Learn CRA rules for 50% and 100% deductible expenses and how proper bookkeeping can save you money.
Top 5 Affordable Bookkeeping Services in Toronto (2026 Guide)
A 2026 guide to the top 5 affordable bookkeeping services in Toronto, including CPA-led bookkeeping solutions for small businesses.
Renting a Parent’s Home After Long-Term Care: Capital Gains Tax in Canada
If a parent moves into long-term care and you rent out their home, capital gains tax may apply. Learn how the 45(2) election can protect the principal residence exemption.
What to Do in Your First Year as a New Business Owner in Canada
Starting a new business in Canada? Here’s a first-year financial checklist covering budgeting, GST registration, and tax tips for new sole proprietors and corporations.
Top-Rated Bookkeeping Services in Toronto: Streamline Your Finances with Expert Help
Find Toronto’s top bookkeeping services to streamline your business finances. Ali Asghar CPA offers accurate and reliable bookkeeping tailored to your needs.
Understanding the Small Business Deduction (SBD) for Canadian Corporations
Learn how the Small Business Deduction (SBD) reduces taxes for Canadian-controlled private corporations (CCPCs). Understand eligibility rules, associated companies, and investment income limits.
What Canadian Corporations Can (and Can’t) Deduct: A Simple Guide for Business Owners
Learn which expenses your Canadian-controlled private corporation (CCPC) can legally deduct and which ones the CRA denies. Expert guidance from Ali Asghar CPA in Toronto.
Top 5 Personal Tax Preparation Services in Toronto
Looking for reliable personal tax preparation services in Toronto? Discover the top 5 trusted firms, including Ali Asghar CPA, that make filing taxes easy, accurate, and stress-free.
Top 5 Corporate Tax Preparation Services in Toronto
Finding the right corporate tax service in Toronto can be overwhelming. Here’s a guide to the top 5 corporate tax preparation services that help businesses stay compliant and save money.
Top 5 Bookkeeping Services in Toronto: Streamline Your Business Finances
Looking for reliable bookkeeping services in Toronto? Discover the top 5 companies that can help your business manage finances, payroll, and taxes efficiently.
Do You Have to Pay Taxes on Airbnb Income in Canada? Why Airbnb Is Asking for Your SIN (2025 Guide)
Airbnb hosts in Canada must report their income, and in 2025 Airbnb is legally required to collect SIN numbers under new CRA platform reporting rules. Learn how taxes, GST/HST, and deductions work for short-term rentals — and what hosts need to do to stay fully compliant.
What Happens When You Convert Your Principal Residence Into a Rental Property?
When you convert your home into a rental, the CRA treats it as a deemed sale — potentially triggering capital gains. Learn how the subsection 45(2) election can help you defer tax and preserve your principal residence status.