Insights - kdprofessional

Why Having Your Accountant Deal with the CRA Can Save You Time, Money, and Stress

September 30, 2026

Getting a phone call or a letter from the Canada Revenue Agency (CRA) can be stressful for any business owner. Many taxpayers do not know how to respond, what information to provide, or how to protect their interests during the

Tips on Dealing with the CRA: A Guide for Canadian Business Owners

September 22, 2026

For many business owners, receiving a phone call, letter, or audit request from the Canada Revenue Agency (CRA) can be very stressful. Understanding your rights and responsibilities can help you manage CRA interactions with confidence and avoid costly mistakes. Whether

Personal Services Business (PSB): What Incorporated Professionals Need to Know

September 16, 2026

Many professionals choose to incorporate to take advantage of the benefits that corporations can offer, including liability protection, tax planning opportunities, and business flexibility. But not every incorporated business receives the same tax treatment. If you have an incorporated business

Understanding Corporate Losses: What Every Business Owner Should Know

September 9, 2026

Many entrepreneurs assume that a loss year is simply bad news for their business. While no business wants to operate at a loss, there may be tax planning opportunities available when losses occur. Understanding how corporate losses work can help

Naming Your Business: What Every Entrepreneur Needs to Know

September 1, 2026

One of the most exciting parts of starting a company is choosing a name for your business. Your business name is often the first thing people will see. It is a key part of your brand, reputation, and long-term business

Corporate Obligations Every Canadian Business Owner Should Know

August 26, 2026

Incorporating your business provides many advantages such as limited liability, tax planning opportunities, and increased credibility. But many business owners are surprised to learn that incorporation also comes with many legal, financial, and administrative responsibilities.

Shareholders’ Meetings: What Every Corporation Needs to Know

August 18, 2026

Shareholders play a key role in the governance and direction of a corporation. And one of the most important ways for shareholders to exercise their rights is through the shareholders’ meetings. The shareholders’ meetings provide the opportunity to review the

Understanding Corporate Shareholders: What Every Business Owner Needs to Know

August 12, 2026

When incorporating a business in Canada, one of the key concepts you must understand is the role of shareholders. Shareholders are the owners of a corporation and they play a key role in its management and growth. Understanding shareholder rights

Understanding Your Corporation’s Share Structure: A Guide for Business Owners

August 5, 2026

When incorporating a business, many business owners focus on setting up operations, attracting customers, and earning revenue. But one of the most important decisions during incorporation is often overlooked: the share structure of the corporation. Your corporation’s share structure is

Duties and Liabilities of Corporate Directors and Officers: What Every Business Owner Needs to Know

July 28, 2026

Starting your own corporation is very exciting but incorporation comes with many legal responsibilities. You would be surprised to learn that becoming a director or officer of a corporation involves more than simply running your business. It also means taking