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.
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.
Share Sale or Asset Sale? Which Wins (from Vendor & Buyer Perspectives)
When selling a business, the choice between a share sale and an asset sale affects taxes, liabilities, and future deductions. Discover which option benefits vendors and purchasers, and understand key concepts like LCGE, CCA recapture, and purchase price allocation.
How Much Does a Fractional CFO Cost?
Learn how much fractional CFO services cost, what affects pricing, and how to know if this part-time financial leadership model is right for your business.
Canada Caregiver Credit and Disability Tax Credit: A Complete Guide for Canadian Families
Learn how Canadian families can claim the Canada Caregiver Credit (CCC) and Disability Tax Credit (DTC). Step-by-step guide on eligibility, required documentation, and maximizing tax benefits.
Top 5 Fractional CFO Services in Toronto
Discover the Top 5 Fractional CFO services in Toronto. From cash flow forecasting to financial strategy, find out which firms—including Ali Asghar, CPA—can help your business grow with clarity and confidence.
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.