NowCPA — Chartered Professional Accountants
The NowCPA Blog

Money stuff, made simple

Plain-English answers on tax, bookkeeping, incorporation, and running a business in Canada.

Tips to Do Your Own Bookkeeping: 7 Small Step Business Guide
Bookkeeping December 15, 2025

Tips to Do Your Own Bookkeeping: 7 Small Step Business Guide

7 practical bookkeeping tips for Canadian small business owners who do their own books—software, reconciling, P&L reviews, and when to delegate.

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Canada Summer Jobs 2026: Quick Guide for Private Business Owners
Payroll December 3, 2025

Canada Summer Jobs 2026: Quick Guide for Private Business Owners

Canada Summer Jobs (CSJ) is a federal wage-subsidy program that helps private businesses with 50 or fewer full-time employees hire youth for the summer.

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Xero or QuickBooks Online (QBO): Which One Fits Your Business Best?
Software November 15, 2025

Xero or QuickBooks Online (QBO): Which One Fits Your Business Best?

Comparing Xero vs QuickBooks Online (QBO) for Canadian businesses—features, pricing, bank feeds, payroll, and how to choose the right accounting software.

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Tips and Gratuities in Alberta: 8 Facts Every Employer & Employee Should Understand
Payroll October 15, 2025

Tips and Gratuities in Alberta: 8 Facts Every Employer & Employee Should Understand

Tips and gratuities can motivate staff and attract talent, yet bring income swings, admin complexity, and awkwardness in some fields.

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Understanding Living Out Allowance (LOA) for Contractors
Construction September 30, 2025

Understanding Living Out Allowance (LOA) for Contractors

How Living Out Allowance works for Canadian contractors—2025 CRA and NJC rates, special work site vs. remote rules, and tips to stay audit-safe.

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How to Register for CRA My Account in 5 Minutes
CRA September 15, 2025

How to Register for CRA My Account in 5 Minutes

A step-by-step guide to registering for CRA My Account in about five minutes, including what you need, how to verify your identity, and how to set up MFA.

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Top 10 CRA Business Questions Answered: A Simple Guide For Alberta Business Owners
Tax July 31, 2025

Top 10 CRA Business Questions Answered: A Simple Guide For Alberta Business Owners

NowCPA answers 10 of your most commonly asked CRA business questions about navigating taxes and compliance for your business in Alberta.

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Can I Buy a Car in My Corporation? Your Guide to Buying a Company Vehicle
Tax April 2, 2025

Can I Buy a Car in My Corporation? Your Guide to Buying a Company Vehicle

The short answer? Only if it makes financial sense. Everything you need to know about buying a company vehicle. In this article, we break things down and answer the burning question: Can I Buy a Car in My Corporation?

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What Is My Business Number
Tax March 19, 2025

What Is My Business Number

What Is My Business Number

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CPA vs Accountant: What's the True Difference?
Working with a CPA March 5, 2025

CPA vs Accountant: What's the True Difference?

We break down the real differences between a CPA vs accountant and discuss how it impacts you as a business owner.

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Am I a Good Leader? Your Leadership Self Assessment
Business February 19, 2025

Am I a Good Leader? Your Leadership Self Assessment

It doesn't matter how long you've been in the game - all leaders need a reality check every now and then. We get down to business and help you answer 'Am I a Good Leader?' with a thought-provoking,10-question leadership self assessment.

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How to Incorporate in Alberta: Your Crash Course on Incorporation
Incorporation February 4, 2025

How to Incorporate in Alberta: Your Crash Course on Incorporation

Your simple how-to guide on how to incorporate in Alberta (it's easier than you think!). We break down incorporating a business in Alberta.

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Do I Need an Accountant? When to Hire an Accountant (& When to DIY)
Working with a CPA January 15, 2025

Do I Need an Accountant? When to Hire an Accountant (& When to DIY)

Can I handle financials solo, or do I need an accountant? We discuss when it's acceptable to go the DIY route and how to know when to get help.

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Home Office Expenses Made Simple
Tax January 8, 2025

Home Office Expenses Made Simple

Learn how to properly claim internet, phone, utilities, and more. We break down home office expenses and business use of home expenses.

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Pricing Strategies for Small Businesses: 5 Steps to Success
Business November 15, 2024

Pricing Strategies for Small Businesses: 5 Steps to Success

Effective pricing is a strategic necessity. We break down pricing strategies for small business to help you leverage your pricing for maximum results.

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Incorporation vs Sole Proprietorship
Incorporation October 29, 2024

Incorporation vs Sole Proprietorship

We break down the basics of incorporation vs sole proprietorship as simply as possible so you can make the decision that's best for your business. We also discuss tax deferral, income smoothing, and more.

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Corporate Bookkeeping 101
Bookkeeping October 8, 2024

Corporate Bookkeeping 101

We break down corporate bookkeeping to help you streamline your business. Serving all of Alberta, our Medicine Hat bookkeepers and CPAs have you covered.

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Hidden Costs in Construction
Business October 8, 2024

Hidden Costs in Construction

Avoid hidden costs in construction and protect your business from unwanted surprises. NowCPA is here to help small businesses succeed.

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Should I Become an Accountant?
Working with a CPA July 8, 2024

Should I Become an Accountant?

For students wondering about becoming an accountant and asking the big question: Should I become an accountant? Fear not, we're here to help.

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Corporate Tax Obligations
Tax February 13, 2024

Corporate Tax Obligations

We break down income tax filing requirements, corporate income tax rules, and other corporate tax obligations for business owners in Alberta.

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CRA Tax Payments
Tax February 7, 2024

CRA Tax Payments

Knowing how to pay your business taxes is essential to the organization of your business. We break down CRA tax payments and how to pay CRA, and define common terms (such as TXBAL vs TXINS) so you can become an expert.

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What Are Business Tax Instalments How to Pay Business Tax Instalments
Tax February 1, 2024

What Are Business Tax Instalments How to Pay Business Tax Instalments

We break down business tax instalments and answer questions such as: What are business tax instalments? Why am I required to pay tax instalments? How do CRA instalment payments work?

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Salary vs Dividends
Tax December 21, 2023

Salary vs Dividends

Do you know how to pay yourself from a corporation? You have two options: Salary vs dividends. In this article, we break it down so you can decide.

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