Insights
The Wasaga Financial Blog
Practical bookkeeping, payroll, and tax guidance for Canadian small businesses and freelancers.
Year-End Checklist for Canadian Small Businesses
A short checklist to work through before your fiscal year closes, so your bookkeeper or accountant isn't chasing you down in the new year.
May 20, 2026T1 vs T2: What's the Difference for Small Business Owners?
Sole proprietors and incorporated business owners file very different tax returns. Here's what sets a T1 and a T2 apart, and how to choose the right structure.
April 2, 2026Understanding CRA Payroll Remittance Schedules
Regular, threshold 1, or threshold 2 remitter? Your CRA payroll remittance schedule depends on your average monthly withholding amount.
March 10, 2026GST/HST Filing: Quarterly vs Annual — Which Is Right for You?
Your GST/HST filing frequency affects cash flow and administrative overhead. Here's how to choose the right schedule for your business.
February 3, 20265 Bookkeeping Habits That Save Small Businesses Money at Tax Time
Small, consistent bookkeeping habits throughout the year make tax season faster, cheaper, and far less stressful for busy small business owners.
January 14, 2026