A weekly, plain-English summary of accounting, tax, and AI news for small business owners and individuals in Canada and the US.
Each week I review announcements from the CRA, Department of Finance Canada, the IRS, CPA Canada, and major accounting software providers, and explain what actually matters for owner-managed corporations, self-employed professionals, newcomers, and cross-border taxpayers in Toronto, ON. For step-by-step rules and official sources, read my evergreen guides: Year-End Tax Planning for Corporations (2026), Payroll Year-End Guide for Ontario Employers, Tax Guide for US Citizens in Canada, Newcomer Tax Checklist, and CRA Audit Guide.
Blog posts are available in English, Russian, and Ukrainian.
Managing CRA business debts online, new CRA payment options, two-year CRA audits, BC's paused PST on accounting services, new IRS correction programs for retirement plans and IRAs, CPA Canada's AI survey, and more, explained for small business owners.
Read the postNew CRA rules on revising CCA claims, a federal consultation on charity rules, the 2027 US Social Security wage base, automatic IRS adoption credit refunds, AI bookkeeping in QuickBooks Canada, and more, explained for small business owners.
Read the postBare trust filing clarifications, bigger SR&ED limits, the proposed Productivity Mega Deduction, new AICPA guidance on AI in audits, and more, explained for small business owners.
Read the post