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An image of a small business owner in Markham who is reviewing the CRA’s interpretation of Capital Dividends under General Anti-Avoidance Rule (GAAR) November 6, 2025

The CRA’s Interpretation of Capital Dividends Under General Anti-Avoidance Rule (GAAR)

The Canada Revenue Agency (CRA) offers several tax benefits to individuals, trusts, and corporations that file their returns and pay taxes.

Tax
An image of a small business owner in Markham that is looking at tax solutions for their Principal Residence October 16, 2025

Know How Principal Residence Exemption Can Bring Tax Savings on the Sale of a House

Buying a house is one of the biggest purchases an average household makes in their lifetime and selling it is equally big. You don’t want…

Tax
An image of a small business owner in Markham who recently hired KSSP Partners LLP to help them with their bookkeeping requirements. October 2, 2025

Breaking Misconceptions About Outsourcing Bookkeeping

One of the most underrated responsibilities in any business is bookkeeping. While accounting garners a great deal of respect, bookkeeping is often taken lightly, although…

Bookkeeping
An image of a high end restaurant representing the hospitality industry in Markham Ontario Canada September 18, 2025

Why Does Your Hotel Needs an Accountant Specializing in Hospitality?

Every business has unique financial and business requirements and challenges. While the basic accounting is the same, the three financial statements of profit and loss,…

Hospitality
An image of a father and son who just spoke with their tax advisor at KSSP Partners LLP in Markham about his OAS and how it will impact his estate plan. September 4, 2025

How Much Taxable Income You Can Earn Before OAS Clawback

Retirement is a big life decision that has mental, emotional, financial, and tax implications. Everyone, from low to high-income earners, goes through it. The Canada…

Tax
An image of a small business owner who has just recently hired KSSP Partners LLP in Markham as a fractional CFO for his start up business. August 14, 2025

Understanding the Role of a Fractional CFO in Business Finance

Nurturing a small business is more difficult than running an established corporation. The reason behind this is that you have to put in the same…

Business Consulting
An image of a local markham cloud accountant who is helping her client with their bookkeeping tasks. August 7, 2025

Is Bookkeeping Easy? The Long Task List of Bookkeepers

Running a growing business is a collective effort. You, as the owner, are the heart and soul of the company. Then there’s the operations team,…

Bookkeeping
An image of a farm in Durham Region that has just insured their crops against Farm Losses July 17, 2025

Everything Farmers Should Know About Farm Losses

The agricultural business is different from other businesses, as all its revenue is skewed toward the harvest season. If the crops are destroyed due to…

Accounting
Two young business owners in Markham who have just started discussing their succession plan July 4, 2025

What Do You Need: Succession Planning or Estate Planning?

Estate Planning and Succession Planning – two terms that are often confused as one, and for good reason. Both deal with the same thing in…

Business Succession
An image of a small business accountant discussing the business of agriculture with her client in Durham region June 19, 2025

How Accounting and Taxation Works for Agriculture?

Agriculture, be it farming or fishing, is a business. It earns money by selling goods. However, the nature of its operations is unique in many…

Accounting

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