Finance, Tax, and CRA Compliance
Canadian auto shops face GST/HST, payroll, capital cost allowance on equipment, and the specific CRA scrutiny that comes with cash-heavy small businesses. This category covers bookkeeping setup, tax-efficient owner compensation, equipment financing, and the CRA audits independent shops most often face. Written with input from accountants who specialize in trades businesses.
15 articles in this category.
Back to all articlesManaging GST/HST Remittances: A Survival Guide for Busy Mechanics
Master GST/HST remittances for your auto shop. Learn filing deadlines, input tax credits, registration thresholds, and best practices to avoid penalties.
Salary vs. Dividends for Auto Shop Owners: The Tax Strategy That Matters
Auto shop owners choose between salary and dividends for tax savings. Salary generates CPP contributions and RRSP room. Dividends offer tax-preferred treatment. Learn which strategy works best for your business in 2026.
Filing T4s for Your Family Business: Common Pitfalls and Best Practices
Master T4 filing for your auto shop family business. Learn deadlines, common errors, and best practices to avoid CRA penalties.