Taxation

A grant agreement can require an audit that ONCA does not. Why the funder’s requirement governs, how the grant itself can change your ONCA status a year later, and who is legally permitted to sign the report in Ontario.

One business limit shared across associated corporations, and a grind that starts at $10 million of taxable capital. How two companies you thought were separate end up splitting one $500,000 limit — and what to check before year-end.

The half-year rule, the available-for-use test and the current state of enhanced first-year CCA. What buying a machine on December 30 is actually worth against your 2026 corporate tax — and when it is worth nothing.

The Bank of Canada announces on October 28, 2026 alongside a Monetary Policy Report. What the decision changes for a corporate operating line, a shareholder loan and a year-end plan — and what it does not.

The cleanup that decides whether your year-end costs $1,500 or $6,000. Fourteen items to close before you hand the books over, with the 2026 deadlines and penalty amounts each one protects.

2026 Key Facts — Crypto Capital Gains Inside a Corporation Capital gains inclusion rate: 50% — the proposed increase to two-thirds was cancelled and is not law Additional refundable tax…

Crypto donations are legal for Ontario charities but trigger CRA gift-receipting rules, ONCA prudent-investor duties on holding vs. converting, and a governance decision most boards haven’t made yet. By Bader A. Chowdry, CPA, CA, LPA.

The Arthur Wishart Act creates an audit-or-review obligation for a franchisor’s disclosure document, but franchisee-level statement requirements come from a different source entirely: the franchise agreement and the lender, not the Act. By Bader A. Chowdry, CPA, CA, LPA.

Ontario’s annual return is separate from your CRA T2 filing, has its own deadline and fee, and missing it repeatedly can lead to involuntary dissolution. What’s actually required and how to avoid the compliance trap. By Bader A. Chowdry, CPA, CA, LPA.

When ASPE 3063 requires a private company to test a long-lived asset for impairment, how the two-step recoverability test works, and why impairment losses can’t be reversed once recognized. By Bader A. Chowdry, CPA, CA, LPA.