Many business owners assume that golf counts as networking, and that means a business expense. Unfortunately, the CRA doesn’t see it that way. Here’s what you need to know before you try to claim those green fees or memberships on your tax return. ❌ Golf Green Fees Are Not Deductible According to the Canada Revenue Agency , golf is considered recreation , not business.That means: Green fees Golf cart rentals Golf club memberships Tournament entry fees …are all 100% non-deduct

Most business owners know the CRA only allows 50% of meals and entertainment expenses  as a deduction — but did you know there are situations where you can write off 100% ? Understanding the difference can save you money and protect you in the event of an audit. Here’s a breakdown of when you can (and can’t) claim the full amount. 💼 1. When Meals Are Part of What You Sell If food or entertainment is included in the price of a product or service you charge clients for , those

As a Canadian entrepreneur, knowing what you can and can’t deduct at tax time can save you thousands—and help you avoid getting flagged by the CRA. In this 2025 guide, we’ll break down common deductible expenses, highlight updates to CRA policy, and flag common audit red flags. Whether you’re a solopreneur or running a growing team, this guide will help you maximize your deductions with confidence. What Is a Tax Deduction? A tax deduction (also known as a write-off) reduces y

When it comes to managing your business finances, having the right support can make all the difference. I’ve seen firsthand how expert bookkeepers can transform the way a business operates. If you’re running a business and want to simplify your financial management, working with a local bookkeeping firm offers unique advantages. In this post, I’ll walk you through why choosing local professionals is a smart move, how they can help you grow, and what to expect from their servi

Growing a business in Canada today means more than just selling products or services. It requires smart financial management and clear accounting strategies. I’ve seen firsthand how adopting the right accounting approach can transform a business. Whether you’re just starting out or looking to scale, understanding these strategies will help you make better decisions and keep your finances in check. Let’s dive into some practical accounting strategies that can fuel your busines

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Managing payroll can be a significant challenge for many businesses. This essential task demands accuracy, timeliness, and strict compliance with tax laws. However, with the right payroll management tools, handling payroll doesn’t have to be complicated or stressful. Transform Your Payroll Process Over the years, I’ve witnessed how modern payroll solutions can revolutionize the way businesses manage their finances. These innovative tools offer numerous benefits, including: Ti

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When you start a business in Canada, you'll quickly encounter the need for a Business Number (BN) assigned by the Canada Revenue Agency (CRA). This BN is your business's unique tax identification and helps organize your various tax accounts. However, the BN is more than just a random number—it includes different program account identifiers that reveal the specific taxes and obligations tied to your business. In this blog, we'll explain the different codes on your CRA business

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This blog covers how to make your business "audit-proof" by simplifying the audit process.