Canada's Small Business Deduction in 2026: How to Qualify for the 9% Rate
Canada's small business deduction taxes the first $500,000 of CCPC active business income at 9% federal — if you pass the control, income, and grind tests.
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Canadian tax and CRA compliance for small businesses, the self-employed and anyone with income or property in Canada
Canada's Capital Gains Inclusion Rate Is Still One-Half: Selling a Business or Rental in 2026
Canada cancelled the two-thirds capital gains inclusion rate on March 21, 2025, but kept the $1.25M lifetime exemption — roughly $1,275,000 indexed for 2026. Here are the QSBC tests, CCA recapture, and 45(2)/45(3) elections that decide your bill.
B.C.'s 7% PST on Professional Services: The October 1, 2026 Compliance Guide
On October 1, 2026, British Columbia applies 7% PST to accounting, architectural, engineering, security, and non-residential real estate services — with engineering taxed on only 30% of the fee (2.1% effective). Here is who must register, how the paid-vs-provided transition rules treat September and October billing, which exemptions need documentation, and the chart-of-accounts setup that keeps the liability separate.
Quebec Just Cut Your Small Business Tax Rate to 2.2%: What Incorporated Owners Must Do Before Year-End
Quebec's Information Bulletin 2026-3 cuts the provincial small business rate from 3.2% to 2.2% for taxation years beginning after April 29, 2026, lowering the combined rate on the first $500,000 of active business income to 11.2% and saving a qualifying CCPC up to $5,000 a year. Calendar-year corporations wait until 2027, the 5,500 remunerated-hours test still applies, and a matching increase in non-eligible dividend tax changes the salary-versus-dividend math.
Canada Canceled Its Digital Services Tax: How to Claim Your Share of the $647 Million Refund and Fix Your Books
Canada repealed its 3% Digital Services Tax and the CRA is returning about CAD $647 million — $289 million in cash and $358 million offset against other tax debts. Direct filers get automatic refunds with interest; Amazon and Etsy sellers who paid the DST pass-through surcharge get no CRA claim and must reconcile and reclassify those fees themselves.
Ontario Just Cut Its Small Business Tax Rate to 2.2%: What the July 1, 2026 Change and CRA's New Schedule 23A Mean for Incorporated Canadian Owners
Ontario cut its small business rate to 2.2% on July 1, 2026 and CRA added Schedule 23A for provincial allocation. Learn who qualifies for the 88% combined rate base, how to apportion active business income, and the bookkeeping that keeps the return from bouncing.
Canada's New Bare Trust Reporting Rules Under Bill C-15: Who Actually Has to File for the 2026 Tax Year
Bill C-15 makes bare trust reporting mandatory in Canada for tax years ending on or after December 31, 2026, with T3 and Schedule 15 filings due March 31, 2027. Covers which small-business arrangements count as bare trusts, the narrow $50,000/three-month exemption, and penalties up to 5% of trust property value.
Wagepoint's WagePro+ Partner Tiers: What Payroll Referral Incentives Mean for Your Small Business
Wagepoint's WagePro+ program (July 2026) gives accounting firms up to 20% discounts, matched co-marketing funds, and automatic tier upgrades from 1 to 500 payroll clients — here's how those incentives can shape the payroll recommendation you get, and five questions to ask your bookkeeper before signing up.
Form T2125 in 2026: How Canadian Sole Proprietors File Business Income, CPP, and NETFILE Without Triggering a CRA Review
Form T2125 turns a Canadian sole proprietor's invoices and receipts into taxable net business income on the T1 return. For 2026, gig platforms report earnings directly to the CRA, self-employed CPP totals nearly $9,300 at the earnings ceiling, and the June 15 filing extension still leaves payment due April 30.
Newfoundland and Labrador Is Cutting Its Small Business Tax Rate to 1% — What the Phased Cut Means for Your Corporation
Newfoundland and Labrador's April 2026 budget phases its small business corporate tax rate from 2.5% to 1.0% by 2028, retroactive to January 1, 2026 — dropping the combined federal-provincial rate from 11.5% to 10.0%. Here's the year-by-year math, the dollar savings at the $500,000 limit, and the planning moves worth reviewing.
The CRA Already Has Your Gig Income Data: Canada's Platform Reporting Rules, Explained
Since 2024, Part XX of Canada's Income Tax Act requires Uber, Airbnb, Etsy, and other platforms to report sellers with 30+ transactions or over $2,800 CAD directly to the CRA — including names, SINs, gross payouts, and fees. With two reporting cycles now on file and penalty relief expired, here's who gets reported, what data the CRA matches against your return, and how to reconcile before the next January 31 deadline.
Ontario Cuts Its Small Business Tax Rate to 2.2%: What CCPC Owners Should Check Before Year-End
Effective July 1, 2026, Ontario cut its small business corporate tax rate from 3.2% to 2.2% and raised its eligible income limit from $500,000 to $600,000. Calendar-year CCPCs must prorate to a blended ~2.7% for 2026, and the unchanged $500,000 federal limit creates a new $100,000 band taxed at 17.2% — here's what to verify before your fiscal year closes.