Contractor Tax Hub:
Insights on Accounting and Taxation
How to Connect Your Bank Account to QuickBooks
Learn how to connect your bank account to QuickBooks Online, automatically import transactions, and simplify bookkeeping. Step-by-step guide for contractors and small businesses.
How Contractors Can Avoid Surprise Tax Bills in Canada
Learn how contractors in Canada can avoid surprise tax bills with better bookkeeping, tax planning, expense tracking, and GST/HST management.
How Tax Write-Offs Work for Contractors in Canada: Simple Guide
Learn how tax write-offs work for contractors in Canada. Understand which business expenses may be deductible, how they lower taxable income, and how to keep proper records for CRA compliance.
Bookkeeping Services for Contractors in Canada: What to Look For
Learn how bookkeeping services help contractors in Canada stay organized, track profit, manage GST, avoid tax surprises, and choose the right bookkeeping support
Bookkeeping and Accounting Matter for Self-Employed Contractors
Learn why bookkeeping and accounting matter for self-employed contractors in Canada. Track profit, manage GST, claim deductions, and avoid surprise tax bills.
How to Add a CRA Authorized Representative
Adding an authorized representative to your Canada Revenue Agency (CRA) business account allows an accountant, bookkeeper, or another trusted individual to access and manage tax-related matters on your behalf. This process is essential for business owners who want to streamline tax filings, correspondence, and account management.
Contractor Vs. Employee
If you’re currently an employee and considering incorporating, here’s what usually changes — and why many contractors make the switch.
T5018 Slip: Who Files, What Counts, and the $500 Rule
T5018 explained for Canadian construction: the $500 per-sub threshold, the 6-month deadline, the cross-reference, and the $25-per-day penalty.
GST Registration for Tradespeople: The $30K Rule
GST registration for tradespeople — when you cross the $30,000 threshold, the Quick Method election, and the ITC math on tools and trucks.
Trade Vehicle Deduction: Class 10 vs 10.1 + the Mileage Log
Trade vehicle deduction in Canada: Class 10 vs 10.1, the $39,000 cap, lease vs buy, business-use mileage, and the CRA 12-month log rule.
The Personal Services Business Trap for Contractors
Personal Services Business rules for incorporated Canadian tradespeople — the four-factor test, the SBD-denial hit, and how to stay out of the trap.
When to Incorporate as a Contractor: Beyond $100K
When to incorporate as a tradesperson — the $100K rule, WorkSafeBC reclassification, prime contractor liability, and what limited liability really shields.
WorkSafeBC for Subcontractors: Registration, CUs, Prime Rule
WorkSafeBC for BC subcontractors — registration, Classification Units, the prime contractor rule, and the worker-vs-sub test that catches everyone.
