Run the Numbers

Tax insights for Canadian business owners.

Real tax strategies, CRA updates, and wealth-building knowledge — written plainly, no jargon.

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Corporate Tax

Closing a Corporation in Canada: The Tax and Filing Checklist

Closing a Canadian corporation? Use this practical tax checklist for final T2 returns, CRA accounts, GST/HST, payroll, shareholder balances, dissolution, and records.

5 min readJuly 26, 2026Read article →

34 articles

What a Small Business Bookkeeping System Should Include in Canada
Small Business

What a Small Business Bookkeeping System Should Include in Canada

Learn what a Canadian small business bookkeeping system should include, from records and receipts to GST/HST, payroll, reconciliations, and CRA-ready support.

8 minJuly 20, 2026
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How Much Salary Should I Pay Myself From My Corporation?
Tax Tips & Planning

How Much Salary Should I Pay Myself From My Corporation?

Learn how incorporated Ottawa Canadian business owners can choose a practical salary amount using CPP, RRSP room, payroll, dividends, cash flow, and shareholder loan considerations.

8 minJuly 17, 2026
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What to Do If Your Corporation Has Unfiled T2 Returns in Canada
Corporate Tax

What to Do If Your Corporation Has Unfiled T2 Returns in Canada

Behind on corporate tax filings? Learn what to do if your Canadian corporation has unfiled T2 returns, including CRA deadlines, penalties, payment planning, and cleanup steps

7 minJuly 16, 2026
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GST/HST Registration for Self-Employed Canadians: When the $30,000 Rule Applies
Small Business

GST/HST Registration for Self-Employed Canadians: When the $30,000 Rule Applies

Self-employed in Canada? Learn when GST/HST registration is required, how the $30,000 small supplier threshold works, and what to do if you registered late.

8 minJuly 14, 2026
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How to Move Money From an Opco to a Holdco in Canada
Small Business

How to Move Money From an Opco to a Holdco in Canada

Moving cash from your Opco to your Holdco? Ottawa CPA Majdi Ibrahim explains intercorporate dividends, Part IV tax, RDTOH, and how to do it properly.

10 minJuly 11, 2026
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Personal Expenses Paid by Your Corporation: Shareholder Benefit Risks
Corporate Tax

Personal Expenses Paid by Your Corporation: Shareholder Benefit Risks

Used the corporate card for personal expenses? Ottawa CPA Majdi Ibrahim explains what happens, how it's classified, and how to clean it up.

10 minJuly 8, 2026
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Renting Out Part of Your Home in Canada: Tax Guidance for Homeowners
Rental-Properties

Renting Out Part of Your Home in Canada: Tax Guidance for Homeowners

Renting out a basement or spare room? Ottawa CPA Majdi Ibrahim explains deductions, principal residence exemption, CCA risks, and change-in-use rules.

5 minJuly 3, 2026
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Mid-Year Bookkeeping Cleanup Checklist for Small Business Owners
Small Business

Mid-Year Bookkeeping Cleanup Checklist for Small Business Owners

Messy books? Ottawa CPA Majdi Ibrahim's mid-year bookkeeping checklist covers GST/HST, shareholder loans, payroll, and tax planning.

10 minJuly 2, 2026
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Airbnb and Short-Term Rental Taxes in Canada: What Ottawa Operators Need to Know
Rental-Properties

Airbnb and Short-Term Rental Taxes in Canada: What Ottawa Operators Need to Know

Running an Airbnb in Ottawa? CPA Majdi Ibrahim explains income tax, GST/HST, the deduction denial rule, and what non-compliant rentals really cost.

10 minJune 30, 2026
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Rental Income and Taxes in Canada: What Ottawa Landlords and Property Investors Need to Know
General Tips

Rental Income and Taxes in Canada: What Ottawa Landlords and Property Investors Need to Know

Rental income, T776, CCA, Airbnb HST, and CRA audits — Ottawa CPA Majdi Ibrahim explains what every Canadian landlord needs to know about taxes.

10 minJune 25, 2026
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Small Business Deduction and Passive Income: What Incorporated Business Owners Should Know
Small Business

Small Business Deduction and Passive Income: What Incorporated Business Owners Should Know

Passive income reducing your small business deduction? Ottawa CPA Majdi Ibrahim explains the AAII grind, thresholds, and how to plan around it.

10 minJune 24, 2026
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Eligible vs. Non-Eligible Dividends in Canada: What Business Owners Should Know
Corporate Tax

Eligible vs. Non-Eligible Dividends in Canada: What Business Owners Should Know

Eligible or non-eligible dividends? Ottawa CPA Majdi Ibrahim explains the gross-up, dividend tax credit, GRIP, and why eligible isn't always better.

10 minJune 22, 2026
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Corporate Year-End Tax Planning Checklist for Canadian Small Business Owners
Corporate Tax

Corporate Year-End Tax Planning Checklist for Canadian Small Business Owners

Corporate year-end approaching? Ottawa CPA Majdi Ibrahim's checklist covers salary, bonuses, dividends, shareholder loans, CCA, and key deadlines.

10 minJune 20, 2026
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How to Pay Yourself From a Corporation in Canada
Small Business

How to Pay Yourself From a Corporation in Canada

Salary, dividends, or shareholder loans? Ottawa CPA Majdi Ibrahim explains all the ways to pay yourself from a corporation and what each one means.

10 minJune 19, 2026
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Personal Services Business Rules in Canada: Why Incorporated Contractors Need to Be Careful
Small Business

Personal Services Business Rules in Canada: Why Incorporated Contractors Need to Be Careful

Incorporated contractor in Canada? Ottawa CPA Majdi Ibrahim explains personal services business rules, PSB tax consequences, and how to assess your risk.

10 minJune 18, 2026
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Holding Company vs Operating Company in Canada: When Does a Holdco Make Sense?
Wealth Planning

Holding Company vs Operating Company in Canada: When Does a Holdco Make Sense?

Thinking about a holding company? Ottawa CPA Majdi Ibrahim explains when a holdco makes sense, the mechanics, and real costs.

10 minJune 18, 2026
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Shareholder Loans in Canada: What Incorporated Business Owners Need to Know
Small Business

Shareholder Loans in Canada: What Incorporated Business Owners Need to Know

Shareholder loans explained. Ottawa CPA Majdi Ibrahim covers the one-year repayment rule, series of loans trap, deemed interest, and cleanup options.

10 minJune 17, 2026
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Behind on Your Taxes? How to Catch Up (And What CRA Actually Does)
Catch-up Taxes

Behind on Your Taxes? How to Catch Up (And What CRA Actually Does)

Behind on taxes or unfiled returns? Ottawa CPA Majdi Ibrahim explains CRA penalties, payment plans, taxpayer relief, and voluntary disclosures.

10 minJune 17, 2026
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Capital Gains Tax in Canada: What Small Business Owners and Investors Need to Know
Wealth Planning

Capital Gains Tax in Canada: What Small Business Owners and Investors Need to Know

Ottawa CPA Majdi Ibrahim explains capital gains tax in Canada, including ACB, principal residence rules, LCGE, corporations, and tax-loss selling.

10 minJune 17, 2026
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Salary vs. Dividends for Incorporated Business Owners: What Actually Makes Sense
Tax Tips & Planning

Salary vs. Dividends for Incorporated Business Owners: What Actually Makes Sense

Salary or dividends from your corporation? Ottawa CPA Majdi Ibrahim explains RRSP room, CPP, shareholder loans, and how to choose the right mix.

10 minJune 16, 2026
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How to Read Your Notice of Assessment (Ottawa CPA Guide)
General Tips

How to Read Your Notice of Assessment (Ottawa CPA Guide)

Confused by your CRA Notice of Assessment? Ottawa CPA Majdi Ibrahim explains each section, your RRSP room, and the 90-day objection deadline.

5 minJune 16, 2026
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Do You Need an Accountant? 5 Signs (Ottawa CPA Guide)
General Tips

Do You Need an Accountant? 5 Signs (Ottawa CPA Guide)

Wondering if it's time to hire an accountant? Ottawa CPA Majdi Ibrahim shares 5 signs your tax situation has outgrown DIY software.

5 minJune 16, 2026
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What to Bring to Your First Accountant Meeting (Ottawa CPA Guide)
General Tips

What to Bring to Your First Accountant Meeting (Ottawa CPA Guide)

Booking your first meeting with an accountant? Ottawa CPA Majdi Ibrahim explains what's actually useful to bring — and what isn't required.

5 minJune 16, 2026
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Year-End Tax Checklist for Small Business (Ottawa CPA Guide)
General Tips

Year-End Tax Checklist for Small Business (Ottawa CPA Guide)

7 things to check before December 31. Ottawa CPA Majdi Ibrahim covers RRSPs, tax-loss selling, donations, and year-end planning.

5 minJune 15, 2026
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5 CRA Tax Deadlines for Small Businesses (Ottawa CPA Guide)
General Tips

5 CRA Tax Deadlines for Small Businesses (Ottawa CPA Guide)

Ottawa CPA Majdi Ibrahim explains 5 CRA deadlines small businesses should know — and why due to file and due to pay are not always the same.

5 minJune 15, 2026
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5 Tax Myths Small Business Owners Believe (And What's Actually True)
Tax Tips & Planning

5 Tax Myths Small Business Owners Believe (And What's Actually True)

Common small business tax myths, debunked. Ottawa CPA Majdi Ibrahim separates fact from fiction on deductions, incorporation, and audits.

5 minJune 15, 2026
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RRSP vs. TFSA: The Basics for Small Business Owners
General Tips

RRSP vs. TFSA: The Basics for Small Business Owners

RRSP or TFSA? Ottawa CPA Majdi Ibrahim explains the basics for small business owners, including salary, dividends, and RRSP room.

5 minJune 15, 2026
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Questions to Ask Before Hiring an Accountant (Ottawa CPA Guide)
General Tips

Questions to Ask Before Hiring an Accountant (Ottawa CPA Guide)

Hiring an accountant? Ottawa CPA Majdi Ibrahim shares practical questions small business owners should ask before choosing the right fit.

5 minJune 15, 2026
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From Resident to Staff Physician: A Tax Checklist for Your First Year in Practice (Ottawa CPA Guide)
Wealth Planning

From Resident to Staff Physician: A Tax Checklist for Your First Year in Practice (Ottawa CPA Guide)

New staff physician billing OHIP? Ottawa CPA Majdi Ibrahim explains instalments, CPP, deductions, GST/HST, and incorporation timing.

15 minJune 14, 2026
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How Much Does Bookkeeping Cost for a Small Business in Canada? (Ottawa CPA Guide)
General Tips

How Much Does Bookkeeping Cost for a Small Business in Canada? (Ottawa CPA Guide)

Wondering what drives bookkeeping costs? Ottawa CPA Majdi Ibrahim explains the key factors for small businesses and incorporated owners.

10 minJune 12, 2026
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Should I Incorporate My Business? A Practical Guide for Self-Employed Canadians (Ottawa CPA)
Wealth Planning

Should I Incorporate My Business? A Practical Guide for Self-Employed Canadians (Ottawa CPA)

Should you incorporate in Canada? Ottawa CPA Majdi Ibrahim breaks down tax deferral, PSB risk, and a practical decision framework for contractors.

15 minJune 12, 2026
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Behind on Taxes? Canada's Voluntary Disclosure Program Explained by an Ottawa CPA
Catch-up Taxes

Behind on Taxes? Canada's Voluntary Disclosure Program Explained by an Ottawa CPA

Behind on taxes in Canada? The updated VDP may reduce penalties. Ottawa CPA Majdi Ibrahim explains unprompted vs. prompted and how to qualify.

10 minJune 11, 2026
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The Ultimate Self-Employed Tax Checklist for Canadians: What to Gather Before June 15 (Ottawa Edition)
Tax Tips & Planning

The Ultimate Self-Employed Tax Checklist for Canadians: What to Gather Before June 15 (Ottawa Edition)

Self-employed in Canada? CPA-reviewed checklist for the June 15, 2026 deadline. Income, expenses, GST/HST & more — by Majdi Ibrahim, CPA Ottawa.

10 minJune 11, 2026
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