The Importance of Tracking GST as a Sole Proprietor (Before It Becomes a Problem)
Sole Proprietor, Bookkeeping, Corporate Taxation Arnason Accounting & Co. Sole Proprietor, Bookkeeping, Corporate Taxation Arnason Accounting & Co.

The Importance of Tracking GST as a Sole Proprietor (Before It Becomes a Problem)

For Canadian sole proprietors, proper GST tracking isn’t optional—it’s essential. Whether you’re using Excel or QBO, the way you handle it can either keep your finances clean or lead to surprise bills and missed credits.

This post breaks down why GST tracking matters, common pitfalls to avoid, and simple habits that can save you time, money, and stress—before things pile up in the fall.

This blog breaks down the why behind proper GST tracking, the common mistakes that catch people off guard, and a few dead-simple habits that will help you get on top of it (without needing to become an accountant). Summer’s the perfect time to clean it up before things get wild in the fall. Let’s dive in.

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CRA Mail Is Going Digital: What Canadian Business Owners Need to Know
Sole Proprietor, Bookkeeping, Corporate Taxation Arnason Accounting & Co. Sole Proprietor, Bookkeeping, Corporate Taxation Arnason Accounting & Co.

CRA Mail Is Going Digital: What Canadian Business Owners Need to Know

The CRA is moving to online-only mail for businesses starting October 2024 — meaning important notices like tax assessments and reminders will no longer arrive by paper. Learn what’s changing, how to stay compliant, and what steps you need to take to avoid missing key deadlines.

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