Accounting and tax tips for Canadian businesses Hands on laptop keyboard

Accounting and Tax Tips for Canadian Businesses

Stay up to date with the latest accounting and tax tips for Canadian businesses. At TMP, our expert team shares insights, strategies, and updates on corporate taxation, cross-border planning, deductions, digital currency, and more. Whether you’re an entrepreneur, CFO, or financial advisor, our articles offer practical guidance to help you navigate Canada’s evolving tax landscape.

Explore our blog for updates on topics like corporate tax law changes, digital asset regulations, and international tax planning. Our goal is to empower you with relevant financial knowledge to grow your business confidently.

CA Blogs Post
Diagram: one question, "Does a bare trust have to file a T3 return and Schedule 15?", with three answers of equal size hanging from it. Taxation year ending in 2023 — only if CRA made a direct request. Ending on or after 31 Dec 2024 and before 31 Dec 2026 — no, not subject to the trust reporting rules. Ending on or after 31 December 2026 — certain bare trusts must file a T3, including Schedule 15; this one is marked "in force". No answer is drawn larger or heavier than the others.
Bare Trust T3 Filing in Canada: Do You Have to File for 2026?
Diagram: three equal paths labelled no-calculation, prior-year and current-year converge on one block reading September 15, 2026. The no-calculation path is marked as the amount printed on your CRA instalment reminder.
CRA Tax Instalments in Canada: The September 15 Deadline, the $3,000 Rule and What Interest Costs You (2026)
A single empty armchair alone in a bare room, tinted teal, beside the figure 44.5% in Ontario — the combined federal and Ontario corporate tax rate on personal services business income.
Personal Services Business (PSB) in Canada: The 44.5% Tax Trap for Incorporated Contractors (2026)
A CRA review letter shown as the document in hand, badged "review", with audit and reassessment set aside as separate things, above the CRA's own statement that a review is not a tax audit.
CRA Review Letter: What to Do When the CRA Asks for Your Receipts
Diagram showing a non-resident's $1,200,000 Canadian property sale split 75% released at closing and 25% ($300,000) held back, passing through a section 116 certificate of compliance before the funds are released.
Non-Resident Selling Property in Canada: Section 116, the 25% Withholding and Your Clearance Certificate
Diagram of a $100,000 capital gain split in half — a teal taxable 50% ($50,000) added to income and taxed, and a gold tax-free 50% ($50,000) set aside — with a ribbon reading 50% inclusion rate unchanged for 2026.
How Capital Gains Are Taxed in Canada: The 50% Inclusion Rate Explained (2026)

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Miami Office
305-204-0095
1221 Brickell Ave Suite 900, Miami, FL 33131
Markham Office
905-237-6424
675 Cochrane Dr East Tower 6th Floor, Markham, ON, L3R 0B6
Toronto Bay Street Office
416-333-1116
401 Bay Street, 16th Floor Toronto, ON, M5H 2Y4
New York Office
212-651-9101
555 Madison Ave 5th Floor Manhattan,
NY 10022
Toronto King Street West Office
416-333-1116
100 King Street West, Suite 5600, Toronto, ON, M5X 1C9