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The Small Business Accountants
You Just Inherited Money: What to Do First
Coming into an inheritance can feel like a gift and a weight at the same time. Before you make any big moves, take a breath. Here is a calm, step-by-step look at what to do first with money you inherit in Canada, from taxes to smart next steps.
Why a Critical Illness Insurance Top-Up Could Make a Big Difference
Many Canadians have some critical illness coverage through work, but it often isn’t enough. A top-up can help families, employees, and business owners bridge the gap, offering peace of mind, flexibility, and protection when it’s needed most.
Corporate Life Insurance Planning
Corporate-owned life insurance helps business owners protect their company, manage taxes, and plan for retirement or succession. This article explores how it can fund buy-sell agreements, cover capital gains tax, reward key executives, and support business continuity—all while building tax-advantaged value inside the corporation.
Financial Checklist for New Parents in Canada
A new baby changes everything, including your money. Between sleepless nights and tiny socks, a few financial steps can help protect your growing family. Here is a simple checklist of what to set up, update, and start when a baby joins your home.
What Is Participating Whole Life Insurance?
Participating whole life insurance is a permanent policy that does more than protect your family — it builds cash value and pays dividends over time. Learn how it works, who it’s for, and how it compares to other types of life insurance.
What Is Life Insurance and How Does It Work?
Life insurance doesn’t have to be confusing. Learn how it works, the difference between term and permanent coverage, and how to decide how much protection your family may need.
Tax Lines to Look Out For on Your 2025 Canadian Tax Return
The 2025 tax year brings a lower federal tax rate, higher contribution limits, and several eliminated credits. From the new Canada Disability Benefit to changes in CPP2 and capital gains rules, here are the key lines to watch when filing your 2025 Canadian tax return.
2026 Canada Money Facts
2026 Canada Money Facts – Get the latest TFSA, RRSP, FHSA, CPP, OAS, and RESP limits. Stay informed on savings, pensions, and benefits for the year ahead!
Alberta Budget 2026
Alberta’s 2026 Budget maintains current income tax rates but introduces new levies and higher education property taxes. Here is a clear summary of the key measures affecting families, business owners, and taxpayers.
Tax-Free Savings Account vs Registered Retirement Savings Plan
Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs) are two of the most effective tools Canadians can use to save tax-efficiently. While TFSAs offer tax-free growth and flexible access, RRSPs provide tax-deductible contributions and tax-deferred growth. Understanding how each account works — and how withdrawals affect taxes and benefits — can help you decide when to use one, the other, or both.