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Welcome to the Avalon blog.

As part of our ongoing effort to support new and small business owners, we regularly publish articles that aim to resolve common questions and problems.

Business Travel Write-Offs in Canada: What’s Allowed and What’s Not

What travel expenses are eligible for Canadian businesses? Learn what is legit and what could get you into trouble.

Corporate Tax

Paul Sharpe, CPA, CA

2025 Tax Deadlines Canada: When Are Corporate and Personal Taxes Due?

Corporate Tax

Paul Sharpe, CPA, CA

Ownr Review: Easily Incorporate a Business in Canada with Ownr

Building a Business

Paul Sharpe, CPA, CA

How Much Will Bookkeeping and Accounting Cost for My Small Business?

Accounting

Paul Sharpe, CPA, CA

Shareholder Loan: Understand it and Avoid Trouble with the CRA

Corporate Tax

Paul Sharpe, CPA, CA

Should I Incorporate? The Pros and Cons of Incorporating your Business

Building a Business

Paul Sharpe, CPA, CA

Employee Gifts - Tax Implications of Giving Gifts to Staff

Payroll

Paul Sharpe, CPA, CA

Salary Vs. Dividends: How to Pay Yourself from Your Corporation

Corporate Tax

Paul Sharpe, CPA, CA

Holding Company in Canada: What is it for?

Corporate Tax

Paul Sharpe, CPA, CA

CEBA Loan Repayment Deadline and Guide

Finance

Paul Sharpe, CPA, CA

How Personal Taxes Work in Canada

Personal Tax

Paul Sharpe, CPA, CA

How to use the CRA My Business Account

Compliance

Paul Sharpe, CPA, CA

Canadian Small Business Bookkeeping Guide

Bookkeeping

Paul Sharpe, CPA, CA

Free Bookkeeping Template - Bookkeeping in Excel or Google Sheets

Bookkeeping

Paul Sharpe, CPA, CA

Payment Methods for Small Businesses in Canada

Finance

Paul Sharpe, CPA, CA

ALL ARTICLES

All Categories

Corporate Tax

Business Travel Write-Offs in Canada: What’s Allowed and What’s Not

What travel expenses are eligible for Canadian businesses? Learn what is legit and what could get you into trouble.

Corporate Tax

Real Life Pay Strategies for Canadian Business Owners

Real life tax planning strategies for Canadian business owners. Find out how to efficiently you pay yourself and if you should you incorporate your business.

Finance

Float Corporate Card Review - A Top Choice for Small Businesses in Canada

A thorough review of the Float Financial Corporate card. A flexible and modern corporate card and spend management system for small businesses in Canada.

Compliance

Tax Installments Explained - A Guide for Canadian Business Owners

In this article, we break down exactly what tax installments are, who needs to pay them, and how to stay on top of them.

Payroll

Complete Payroll Guide for Canadian Employers

In this article, we’ll walk through what payroll really involves, how to set it up, and some of the best tools to make your life easier.

Bookkeeping

Bookkeeping Mistakes to Avoid for Canadian Businesses

Breaking down the most common bookkeeping mistakes we see all the time, and more importantly, how to avoid them.

Compliance

CRA Penalties and Interest Explained (And How to Avoid Them)

In this article, we’re breaking down CRA penalties and interest - what they are, when they’re applied, how they’re calculated, and most importantly, how to avoid them.

Building a Business

What to Do After Incorporating Your Business in Canada

Incorporation Checklist - from setting up financial systems to registering for tax accounts, there are a few key tasks to check off to ensure your business runs smoothly after incorporation.

Finance

Why You Need a Separate Bank Account for Your Business

Want to save time and keep more money in your pocket? It all starts with your bank account. Let's break down the the benefits of having a separate bank account for your business.

Technology

Xero vs QBO - Which is Best for Canadian Business Owners?

Xero vs QBO - We compare pricing, features, ease of use, integrations, customer support, and tax compliance, from the perspective of Canadian business owners.