Jun 23, 2026 | Canadian Tax Topics
In Short The Quick Method of calculating and filing GST/HST is a CRA-approved alternative to the default Detailed Method or the Simplified Method GST/HST calculation. Instead of tracking GST/HST Collected on Sales minus GST/HST ITCs, a flat percentage rate set by CRA...Jun 23, 2026 | Canadian Tax Topics
In Short There are three ways to calculate GST/HST in for-profit businesses in Canada. CRA allows businesses to use one of these three methods to calculate their GST/HST return: The Detailed Method The Simplified Method, or The Quick Method All three are acceptable to...Jun 21, 2026 | Canadian Tax Topics
If you’ve ever looked at your GST/HST return and felt a flicker of panic because the amount you owe CRA is nowhere close to what you collected from customers, you’re not alone. A lot of business owners assume GST/HST is a straight pass-through: collect it,...Jun 20, 2026 | Canadian Tax Topics
This guide is intended for educational purposes and does not replace professional tax advice. This guide explains how GST/HST works in Canada, how you calculate what you owe, and how penalties and interest apply so you can understand the system before filing. SECTION...Sep 18, 2024 | Canadian Tax Topics
The Canada Pension Plan (CPP) is a mandatory federal program that requires both employees and employers to contribute an equal percentage of the employees’ pensionable earnings to fund retirement pensions, disability, and death benefits. Contributions are based...Sep 18, 2024 | Canadian Tax Topics
NOTE: This blog uses specific CPP terminology and discusses the new structure of Canada Pension Plan contributions. For a better understanding, explanations of terms are provided throughout the blog where they first appear. Looking for an explanation for employees /...