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 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.
“We Forgot to File the 45(3) Election!” – A Canadian Taxpayer’s Close Call and What You Can Learn From It
Learn how a client narrowly avoided thousands in unexpected taxes after forgetting to file a 45(3) election when converting their rental property back to a principal residence. A must-read for homeowners and tax professionals.