Tax Tips & Resources | Accounting Masters Group Inc.

Bookkeeper vs. Accountant: Which Does Your Small Business Need?

Not sure whether you need a bookkeeper, an accountant, or both? Here's the difference between the two roles and what makes sense for your Ontario small business.

August 10, 2026·6 min read

Read

CRA & Audits

Received a Letter From the CRA? What to Do Next

Not every CRA letter means you're being audited. Here's how to tell what a notice actually means, confirm it's genuine, gather the right documents, and know when to bring in an accountant.

August 3, 2026·11 min read

Read

Choosing an Accountant

How to Choose the Right Accountant in Burlington and the Surrounding Area

The right accountant does more than file a return once a year. Here's what to look for — CPA credentials, industry experience, communication, fees and more — before you hire one in Burlington, Oakville, Mississauga, Milton or Hamilton.

July 24, 2026·10 min read

Read

Tax Planning

Capital Gains in Canada: What the 2024 Inclusion Rate Change Means for You

The federal government proposed raising the capital gains inclusion rate in 2024. Here's what changed, who it affects, and what to consider before selling appreciated assets.

March 10, 2025·5 min read

Read

Corporate

Incorporating in Ontario: When It Actually Makes Sense (and When It Doesn't)

Incorporating sounds appealing — but the tax savings only work if you're leaving money in the company. Here's the honest math behind the decision.

March 1, 2025·7 min read

Read

Personal Tax

Home Office Expenses in Canada: What You Can Claim in 2025

The CRA's temporary flat-rate method ended after 2022. For 2023 onwards, only the detailed T2200 method applies. Here's exactly what you can and can't deduct.

February 18, 2025·5 min read

Read

Self-Employment

10 Tax Deductions Self-Employed Canadians Commonly Miss

Self-employment comes with real tax advantages — if you know what you can claim. These are the deductions most small business owners leave on the table.

February 3, 2025·7 min read

Read

Small Business

HST/GST Registration in Ontario: When You Must Register and When to Do It Early

The $30,000 threshold isn't the whole story. Voluntary registration can save you money from day one, and waiting too long creates penalties. Here's what you need to know.

January 28, 2025·6 min read

Read

Personal Tax