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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.

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.

Compliance

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

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.

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.

Personal Tax

How the Dividend Tax Credit Works in Canada

Learn how the Dividend Tax Credit helps Canadian investors reduce taxes on dividend income and avoid double taxation.

Sales Taxes

PST Self-Assessment Explained - A Guide for BC Business Owners

What is PST Self Assessment all about, and what does it mean for your BC business?

Compliance

Audit Red Flags - Mistakes to Avoid in Your Business

Find out what you should to know about CRA audits, the mistakes that businesses commonly make, and how to avoid costly errors.

Bookkeeping

How to Hire a Bookkeeper for Your Busines: The Ultimate Guide

In this article, we’re diving into exactly what to look for in a bookkeeper, the benefits they bring, and how to find one that’s perfect for your business.

Corporate Tax