Tax
Uber and Rideshare Driver Taxes in Canada: HST, Expenses and T2125
Uber drivers need HST from the first fare, report profit on Form T2125 and pay by April 30. Book a call and get your rideshare taxes filed right.
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Olivia Chen
Bringing six years of Canadian tax experience, Olivia Chen supports individuals and businesses with tax preparation, corporate filings and compliance. Her articles explain tax credits, reporting requirements and CRA updates in clear language. She also covers accounting and trust matters, helping readers understand their obligations and prepare for important financial decisions.
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Tax
Medical Expense Tax Credit in Canada: What Counts, Thresholds and How to Maximize It
Paying medical bills in Canada? Claim eligible costs above the 2026 threshold of $2,890 or 3% of net income. Book a free tax review with Bestax.
Trust Setup
Employee Ownership Trust in Canada: Sell Your Business to Your Team
Sell your business to your employees through an EOT and shelter the first $10 million of the gain, now permanent under Bill C-30. How the sale works, the tax breaks, the conditions and when an EOT fits.
Corporate Tax
How to File a T2 Corporate Tax Return in Canada (2026 Guide)
A plain English, step by step guide to filing your T2 corporate tax return in Canada. Deadlines, schedules, e-filing, penalties and expert help from Bestax.
Accounting
Bookkeeper Vs Accountant Vs CPA In Canada: Who To Hire
Compare bookkeepers, accountants and CPAs in Canada, including roles, costs, deadlines and when your business needs each one.
Tax
Quebec Sales Tax: GST, QST Rate, and New QST Changes Explained
Quebec sales tax is made up of two separate taxes: the 5% federal Goods and Services Tax (GST) and the 9.975% Quebec Sales Tax (QST). Together they add a combined 14.975% to the price of most taxable
Tax
Self-Employed Taxes in Canada: Complete Guide
Self-employed taxes in Canada are the income tax and Canada Pension Plan contributions you pay on the profit from your own business, reported on your personal tax return using Form T2125 . If you earn
Tax
Departure Tax Canada 2026: How Much You'll Pay When Leaving Canada
Canada's departure tax in 2026 is not a flat exit fee, it is a capital gains tax triggered when you stop being a tax resident, calculated as if you sold most of your worldwide property on the day you
Tax
Taxation of Rental Income in Canada: Tax Rates, Deductions and Filing Rules for 2026
Rental income in Canada is taxed as ordinary income at your marginal federal and provincial tax rates after you subtract eligible expenses, so what you actually pay depends on your total income and th
Tax
What Is Line 10100 on Tax Return in Canada?
Line 10100 on your Canadian tax return is where you report your total employment income for the year, your salary, wages, tips, commissions, bonuses, gratuities, and honoraria. For most people, it is
Tax
How to Apply for the Disability Tax Credit in Canada (2026)
The Disability Tax Credit (DTC) is a non‑refundable federal tax credit for Canadians with severe and prolonged impairments in physical or mental functions. Its purpose is to reduce income tax payable,
Tax
Luxury Tax in Canada (2026 Rules, Vehicle Threshold, Calculation & Exemptions)
Canada’s federal luxury tax (formally the Select Luxury Items Tax ) is administered by the Canada Revenue Agency (CRA). It came into force on 1 September 2022 and was initially applied to high‑priced
Accounting
What Is GST/HST Credit and Who Is Eligible in 2026? Complete Canada Guide
If you’re wondering what the GST/HST credit is and who is eligible in 2026 , the answer is simple: it is a quarterly, tax‑free payment provided by the Canada Revenue Agency (CRA) to help low‑ and mode
Tax
How Much Foreign Income Is Tax Free in Canada? (Residents & Non-Residents)
Here is something that trips up a lot of people every tax season. They worked abroad, received money from another country, or moved to Canada mid-year, and now they are sitting with a pile of question
Accounting
How Tax Refunds Work in Canada (2026): Step-by-Step Calculation Guide
Every spring, millions of Canadians file their tax returns, hoping to see a refund. Most treat it like a surprise bonus, something CRA is sending as a gift. But a tax refund from Canada is not a gift.
Tax
Does Canada Have Inheritance Tax? How It Really Works in 2026
Someone close to you passes away. You are set to receive money or property from their estate. A friend tells you not to worry, Canada has no inheritance tax, so you owe nothing. You relax. Then, a few
Tax
What Are Taxable Benefits in Canada?2026 Guide for Employees & Employers
You checked your T4 slip and your reported income is higher than what actually landed in your bank account all year. That is not a printing error. What you are looking at is a taxable benefit, a dolla
Corporate Tax
Top 7 Smart Year-End Corporate Tax Planning Strategies for Business in Canada
Canadian entrepreneurs often rush to assemble paperwork just weeks before their corporation’s fiscal year‑end. However, proactive tax planning strategies in Canada can reduce your corporate tax bill a
Accounting
What is Alternative Minimum Tax (AMT) in Canada and How It Works?
You can do everything “by the book” and still get hit with a surprise bill. That bill is often the alternative minimum tax . Here is the hook. AMT is a second tax calculation. You pay it only if it co
Tax
What Is Funds Transfer Pricing in Canada and How to Calculate It (Complete FTP Guide)
Financial institutions operate by channeling funds from depositors to borrowers while managing liquidity, interest‐rate risk and profitability. Funds transfer pricing (FTP) is the internal mechanism b
Compliance
How to Check if You Have Unclaimed Cheques from the CRA
Most people do not expect money to be hiding in plain sight, yet this is exactly what is happening with unclaimed cheques issued by the Canada Revenue Agency (CRA). As of October 2025, the CRA reporte
Trust Setup
What Is a Bare Trust in Canada? Rules and 2026 Reporting Changes
A lot of Canadians are exposed to CRA penalties and do not even know it. The problem is simple: bare trust rules get missed in “normal” life setups. The 2026 reporting changes matter because the CRA i
Tax
What Is Income Splitting in Canada and How Can It Help Maximize Tax Savings?
Canada’s tax system is progressive. As your income rises, the tax rate on your next dollar often rises too. Federal tax rates are set by the federal government and administered by the CRA, and provinc
Tax
What is the Arm’s Length Principle in Transfer Pricing in Canada
Transfer pricing has become a defining issue for companies with cross‑border operations. Canada’s arm’s length principle is at the core of the transfer‑pricing rules that determine whether the pricing
Press Releases
2025 Canada Federal Budget Highlights: Important News for Business and Tax Updates
If you run a business in Canada , the new 2025 federal budget report is the new update you should be aware of. It’s all about investing in the future, your future, while the tax rules tilt to make tha
Tax
Annual Return Filing Requirements for Corporations in Ontario
Maintaining a corporation in Ontario isn’t just about paying taxes and keeping shareholders happy, it also requires keeping your corporate information current with the provincial government. One of th
Tax
What happens if you Miss Tax Deadline in Canada
The Canada tax due date for filing 2024 income tax returns was April 30, 2025. This was also the tax payment deadline. Those who missed this date may have paid the price. Filing late could have led to
Tax
How to File HST Returns in Ontario (Online & Offline)
Filing your HST return in Ontario can be tiring, but it doesn't have to be. Understanding the process is key to staying compliant with the Canada Revenue Agency (CRA) and avoiding penalties. This blog
Tax
How Long to Keep Tax Records in Canada
Filing your taxes in Canada means dealing with a lot of paperwork. After your return is filed, a big question comes up: how long do I need to keep my tax documents? In this blog, we’ll walk you throug
Tax
HST/GST Credit Increase 2026: How Much You’ll Get and Who Qualifies
Feeling pressure at checkout? Groceries, gas, and rent still cost a lot, and many Canadians are still looking for relief. The good news is that the GST/HST credit amounts for the July 2025 to June 202
Tax
What is HST Number in Ontario and How to get?
In Canada, most goods and services are taxed. This includes a tax called the Goods and Services Tax (GST) and in some provinces, it’s combined with the provincial tax to create the Harmonized Sales Ta
Tax
How to Register for HST in Ontario - Register in 2 Simple Steps
If you run a business in Ontario, you may need to register for the Harmonized Sales Tax (HST). This tax combines the federal Goods and Services Tax (GST) and the provincial sales tax into one. In Onta
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