Explore Small Business Finance Topics

Discover our most popular topics for Canadian solopreneurs and small business owners. From income tax and GST/HST to QuickBooks tutorials and managing your business finances, these guides are designed to help you move from financial uncertainty to financial confidence.

Click on any topic and scroll down to see related articles.

📑Canadian Income Tax

Guidance on filing and planning your Canadian taxes, from T1 and T2 returns to instalments

📊Managing Business Finances

From cash flow to pricing and metrics — learn to manage your business finances with confidence.

🏢 Canadian Business Structure

Should you incorporate? Stay informed on sole proprietorships, corporations, and registrations.

💰 GST/HST & QST

Understand how to register, file, and maximize input tax credits while avoiding common mistakes.

🧾 Guides and Tutorials

Practical accounting processes like reconciliations, journal entries, and reporting.

📝 Deductions & Expenses

Learn which expenses are deductible and how to track them for maximum tax savings.

Quebec Taxes & Business

QST, Revenu Québec filings, Quebec payroll, and provincial rules every entrepreneur should know.

👤 Paying Yourself

Salary vs dividends, management fees, and how to pay yourself from your corporation or small business.

💻 QuickBooks Online & Tools

Tutorials, guides and time-saving tips for using QuickBooks Online effectively.

🏦 Money & Personal Finance

Personal finance strategies for entrepreneurs, from RRSPs to saving for taxes.


What to Do When your Tax Obligations are Overdue

What to Do When your Tax Obligations are Overdue

Small business owners have the added responsibility of ensuring that they are aware of, and comply with, a variety of tax obligations.  For some, this can be somewhat overwhelming, resulting in an accumulation of government notices, assessments, requests for information etc. that just add to stress levels.  While ignoring the problem, hoping that it will go away, may seem like an attractive option, it is important to note that the revenue agencies never forget.  They are also both able and willing to take extreme measures to collect upon what they perceive to be unpaid debts eg. Freeze your bank accounts.
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