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The $30,000 GST/HST Trap: Why "Staying Small" Can Cost Ontario Business Owners More Than Registering
Staying under Ontario's $30,000 GST/HST threshold often costs more than registering does. Here's when voluntary registration pays off — and how to time it.

BTS Financial Services
5 days ago4 min read


How to Get CRA Penalties and Interest Cancelled With a Taxpayer Relief Request
A CRA penalty landed on our client for a slip he never received — even though the CRA already had it on file. Here's how a taxpayer relief request got the penalty and interest cancelled in full, and how the process works for you.

BTS Financial Services
Aug 183 min read


Salary or Dividends? How Incorporated Business Owners Should Decide
Salary or dividends is one of the most common questions incorporated business owners ask, and one of the most commonly oversimplified. "Just take dividends, they're taxed better" is advice that was true for some owners in some years, but it isn't a rule, and following it blindly can leave money on the table or create problems down the road. Salary or dividends: what each one gives you What salary gives you that dividends don't RRSP contribution room, which is built from earne

BTS Financial Services
Aug 32 min read


Mid-Year Tax Review: 5 Things Business Owners Should Check in July
Once the spring filing deadline passes, most business owners stop thinking about taxes until the new year. That's understandable, but it also means a lot of small mistakes and missed opportunities quietly pile up over the summer, which is exactly why a mid-year tax review is worth doing. It's one of the best times to take stock, because there's still enough of the year left to fix a problem before it becomes an expensive one. Why a mid-year tax review matters Here are five th

BTS Financial Services
Jul 262 min read


Effortless Tax Preparation for Individuals: Tax Preparation Essentials
Tax season doesn’t have to be stressful. With the right approach, preparing your taxes can be simple, organized, and even empowering. This guide walks you through the essentials of tax preparation in Canada — from gathering your documents and understanding deductions to choosing the right filing method and knowing when to seek professional help. Whether you’re filing your first return or looking to improve your process, you’ll find practical tips to make tax season smooth and

BTS Financial Services
Jan 134 min read


The Importance of Managing Your Small Business Finances
Managing your small business finances helps you stay organized, avoid surprises, and make smarter decisions. Learn simple, practical ways to keep your cash flow, bookkeeping, and taxes under control as your business grows.

BTS Financial Services
Dec 23, 20254 min read


Year-Round Tax Advice for Smart Planning
Effective tax planning is a year-round process. This article explains how proactive tax advisory services help Canadian individuals and businesses minimize tax, manage cash flow, and stay compliant with CRA requirements.

BTS Financial Services
Dec 15, 20254 min read
How to Pay Less Tax in Canada: A Practical Guide for Individuals
Learn how Canadian individuals can legally maximize tax savings with RRSPs, TFSAs, credits, income splitting, and smart deductions. Simple, practical tax strategies to reduce your tax bill in 2025.

BTS Financial Services
Dec 7, 20253 min read
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