Lorena Boda CPA Professional Corporation

07/13/2026

Tax planning is one of the most effective ways to reduce your tax liability. Whether you are a self-employed individual, a start up or a growing business, the right structure and right advisor are incredibly important to position your business for success.

Learn how tax planning can reduce your small business tax liability. Discover effective tax-saving strategies, deductions, credits, and financial planning tips to improve profitability and ensure compliance in Canada.

06/24/2026

Although buying or selling a business could be an exciting time, or necessary in some situations, the careful planning of the transaction in advance should not be underestimated. The buyer and the seller, often times, have different goals. Depending on how the transaction is structured, significant tax consequences and considerations may apply.

Understand key tax considerations when buying or selling a Canadian corporation, including structuring, capital gains, due diligence, and planning strategies for success.

06/19/2026

Every year, I get asked from a tax planning perspective, how can I reduce my corporate taxes?

Canadian corporations can reduce tax liabilities and improve cash flow with proactive tax planning. Strategies such as income splitting, optimizing salary vs. dividends, maximizing capital cost allowance (CCA), and leveraging available tax credits can make a significant difference. Don't wait until year-end—effective tax planning is a year-round process that helps your business keep more of what it earns. Strategically planning the timing of expenses and overall well management of expenses are key to keeping a business successful, in addition to growth strategies. From a tax planning perspective - these are surface level tax planning strategies and many credits, unfortunately, are very situational specific and do not apply in many cases.

The BIG tax savings happen when there are specific life triggering events, or planning for the overall structure, growth and succession of the business: selling the business, splitting up from current partners, adding new partners to a business, transferring the growth of the business to your kids, eliminating intercompany loans, preparing for the sale of real estate, etc.

At Lorena Boda CPA Professional Corporation, we're happy to assist with all your accounting and tax needs. Please reach out at [email protected] or at 905-281-0009.

06/12/2026

When done well, strategic tax planning is the engine that drives the business growth and wealth for generations to come.

Ask me about family trusts, structuring active businesses and passive companies and what are the benefits for holding specific structures. Plan for the future and most definitely well in advance of specific life triggering events!

Discover how professional tax advisory services help Canadian businesses grow through smarter tax planning, compliance, cash flow optimisation, and strategic financial decisions

06/02/2026

Are you maximizing every tax-saving opportunity available?

As tax rates continue to climb, strategic tax planning is becoming increasingly important for professionals, business owners, and investors.

Key areas to review include:

✔️ Maximizing RRSP contributions to reduce taxable income
✔️ Tax-efficient investing and capital gains planning
✔️ Charitable donation tax credits
✔️ FHSA contributions for eligible homebuyers
✔️ Holding investments in the most tax-efficient accounts
✔️ Corporate tax planning for incorporated professionals and business owners

A well-executed tax strategy can potentially save thousands in taxes annually while helping build long-term wealth.

The difference between paying taxes and planning taxes often comes down to understanding the opportunities available before year-end.

06/01/2026

Businesses have ongoing annual corporate tax filings responsibilities. A successful business takes proactive steps to ensure common corporate tax filings mistakes are avoided or prevented.

At Lorena Boda CPA Professional Corporation, we’re happy to assist with all your accounting and tax needs.

Discover common corporate tax filing mistakes that lead to CRA penalties. Learn how to avoid errors, stay compliant, and improve tax accuracy in Canada.

05/29/2026

Corporations have Canadian tax filings and reporting obligations, even when the operations become inactive, and even when companies fall behind. And yes, the government will go after them, and continuously remind them to file, and even issue arbitrary assessments in some situations.

At Lorena Boda CPA Professional Corporation, we’re happy to assist with all your accounting and tax needs.

Here’s our guide for filing a corporate tax return for an incorporated business.

Learn how to file a T2 corporate tax return in Canada. Step by step guide covering deadlines, documents, deductions, and compliance requirements.

04/22/2026

Business owners are incredibly driven and focused to make their dreams come true and become successful. That’s the beauty of entrepreneurship. And when the growth comes, it is important to partner up with the right professionals to set up the most advantageous structure and for continuous tax advice and support. Separate active assets from passive assets used to grow your wealth. Ongoing creditor protection and access to the lifetime capital gains exemption. Plan for the next generation’s future.

Discover how to structure your Canadian corporation for maximum tax efficiency. Learn strategies to reduce taxes, optimize income, and stay compliant in 2026.

04/16/2026

Whether you’re a small business or a large corporation, corporate tax planning has become increasingly complex, and yet, so necessary to position you for success and growth.

In the ever evolving financial and regulatory landscape of Canada, corporate tax planning has become more critical than ever. With new tax reforms, digital economy adjustments, and increased scrutiny from authorities, businesses must proactively manage their tax strategies to remain competitive and....

04/15/2026

📢 Ontario Personal Tax Deadline Reminder
Friendly reminder:
🗓️ April 30, 2026 is the deadline to file your 2025 personal income tax return and pay any balance owing.
💼 Self-employed? You have until June 15, 2026 to file—but any taxes owing are still due April 30 to avoid interest.