Digital Receipts and the CRA: Electronic Record Keeping Rules
The CRA fully accepts digital receipts and electronically stored records for tax purposes - you do not need to keep…
Expense Tracking & Accounting Tips
Our blog is where we share tips, stories, and strategies to make managing receipts, expenses, and reports easier. Whether you’re a freelancer, entrepreneur, or small business owner, you’ll find practical advice to save time, cut stress, and stay in control.
Making Tax Digital 2026: Complete Guide for Self-Employed and Small Businesses
Making Tax Digital (MTD) is the biggest change to the UK tax system in a generation. Starting from 6 April…
Making Tax Digital for Self-Employed: What You Need to Do Before April 2026
If you are self-employed in the UK with gross income over £50,000, Making Tax Digital for Income Tax starts on…
Making Tax Digital for Income Tax: ITSA Requirements and Deadlines
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is the specific branch of MTD that applies to…
Making Tax Digital Software: Best MTD-Compatible Tools for 2026
Making Tax Digital requires you to use compatible software to keep digital records and submit quarterly updates to HMRC. With…
Making Tax Digital Penalties: The New Points-Based System Explained
Making Tax Digital introduces a completely new penalty system - replacing the old fixed fines with a points-based approach. Understanding…
Home Office Expenses CRA: Complete Deduction Guide for 2026
If you work from home as a self-employed Canadian - whether you are a freelancer, consultant, or small business owner…
Small Business Tax Deductions Canada: Complete Checklist for 2026
Running a small business in Canada means tracking every deductible expense to minimize your tax bill. The CRA allows you…
Independent Contractor Taxes Canada: Complete Guide for Freelancers
Working as an independent contractor in Canada means you are responsible for your own taxes – there is no employer…
CRA Penalties for Missing Receipts and Poor Record Keeping
Missing receipts during a CRA audit is one of the most stressful situations a small business owner or freelancer can…
How Long to Keep Receipts in Canada: CRA Record Retention Rules
How long do you need to keep your business receipts and records in Canada? The short answer is six years…
Self-Employed Tax Deductions Canada: What You Can Claim in 2026
As a self-employed Canadian, every legitimate business deduction reduces both your income tax and your CPP contributions. Unlike employees who…