---
title: Toro Accounting Blog | CRA
description: CRA | Toro Accounting blog for accounting and tax topics in Canada,
---

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[![Toro Financial Inc. dba Toro Accounting](https://toroaccounting.ca/hs-fs/hubfs/Logo-Square%20(500%20x%20200%20px)-1.png?width=450&height=150&name=Logo-Square%20(500%20x%20200%20px)-1.png)](https://toroaccounting.ca/en?hsLang=en)

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    - [1st Tax Filing](https://toroaccounting.ca/en/steps-for-filing-t1)
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[Book a Free Consultation](https://toroaccounting.ca/en/book-consultation?hsLang=en)

# The Blog

Discover tax tips for small business owners and self-employed individuals in Canada. From claiming expenses to understanding tax residency, find valuable insights to optimize your business finances.

Search for any topic on our blog

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[![](https://toroaccounting.ca/hubfs/immigrant%20(3).jpg)](https://toroaccounting.ca/blog/td-1-2026)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [How to Fill Out the TD1 and TD1ON Forms in Ontario](https://toroaccounting.ca/blog/td-1-2026)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 Jun 30, 2026, 12:52:02 PM

When you start a new job in Canada, your employer will usually ask you to complete two tax forms: th...

[Read more](https://toroaccounting.ca/blog/td-1-2026)

[![](https://toroaccounting.ca/hubfs/immigrant%20(2).jpg)](https://toroaccounting.ca/blog/es/blog/canada-groceries-and-essentials-benefit)

[HST-GST Credit](https://toroaccounting.ca/blog/tag/hst-gst-credit), [CRA](https://toroaccounting.ca/blog/tag/cra), [Tax Credits](https://toroaccounting.ca/blog/tag/tax-credits)

## [Canada Groceries and Essentials Benefit: The New Benefit Replacing the GST/HST Credit](https://toroaccounting.ca/blog/es/blog/canada-groceries-and-essentials-benefit)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 Jun 5, 2026, 9:10:07 PM

The Canada Groceries and Essentials Benefit, also known as the CGEB, is a new Government of Canada b...

[Read more](https://toroaccounting.ca/blog/es/blog/canada-groceries-and-essentials-benefit)

[![](https://toroaccounting.ca/hubfs/immigrant%20(1).jpg)](https://toroaccounting.ca/blog/how-to-check-your-cra-benefits-and-credits-online)

[CRA](https://toroaccounting.ca/blog/tag/cra), [Tax Credits](https://toroaccounting.ca/blog/tag/tax-credits)

## [How to Check Your CRA Benefits and Credits Online](https://toroaccounting.ca/blog/how-to-check-your-cra-benefits-and-credits-online)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 Jun 5, 2026, 8:38:50 PM

Many Canadians may be eligible for government benefits and credits but are not sure where to check t...

[Read more](https://toroaccounting.ca/blog/how-to-check-your-cra-benefits-and-credits-online)

[![](https://toroaccounting.ca/hubfs/AI-Generated%20Media/Images/Tax%20Season%20Workspace%20with%20Spreadsheet%20and%20Coffee%20Mug.png)](https://toroaccounting.ca/blog/rc151)

[CRA](https://toroaccounting.ca/blog/tag/cra), [Newcomer](https://toroaccounting.ca/blog/tag/newcomer)

## [How to Fill Out Form RC151 Online: GST/HST Credit and Canada Carbon Rebate for New Residents of Canada](https://toroaccounting.ca/blog/rc151)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 15, 2026, 11:10:12 PM

If you recently became a resident of Canada, you may need to complete Form RC151 to apply for the GS...

[Read more](https://toroaccounting.ca/blog/rc151)

[![](https://toroaccounting.ca/hubfs/Closing.jpg)](https://toroaccounting.ca/blog/closing-corporation)

[Corporation](https://toroaccounting.ca/blog/tag/corporation), [CRA](https://toroaccounting.ca/blog/tag/cra), [Business](https://toroaccounting.ca/blog/tag/business)

## [What to Consider Before Closing Your Corporation in Canada](https://toroaccounting.ca/blog/closing-corporation)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 12, 2026, 10:37:09 PM

Closing a corporation is not as simple as stopping operations, closing the bank account, or no longe...

[Read more](https://toroaccounting.ca/blog/closing-corporation)

[![](https://toroaccounting.ca/hubfs/Instalment%20(2).jpg)](https://toroaccounting.ca/blog/cra-mfa)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [CRA Multi-Factor Authentication: What It Is and How to Set It Up](https://toroaccounting.ca/blog/cra-mfa)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 10, 2026, 3:27:22 PM

If you use CRA My Account, My Business Account, or Represent a Client, you will be asked to use mult...

[Read more](https://toroaccounting.ca/blog/cra-mfa)

[![](https://toroaccounting.ca/hubfs/AI-Generated%20Media/Images/Tax%20Season%20Workspace%20with%20Spreadsheet%20and%20Coffee%20Mug.png)](https://toroaccounting.ca/blog/canada-training-credit)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [Canada Training Credit](https://toroaccounting.ca/blog/canada-training-credit)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 9, 2026, 4:21:49 PM

If you paid for tuition, courses, or professional training in Canada, you may be able to claim more ...

[Read more](https://toroaccounting.ca/blog/canada-training-credit)

[![](https://toroaccounting.ca/hubfs/Instalment.jpg)](https://toroaccounting.ca/blog/cra-instalments)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [Why the CRA May Require Tax Instalments](https://toroaccounting.ca/blog/cra-instalments)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 6, 2026, 1:16:57 PM

If you owe taxes regularly in Canada, the Canada Revenue Agency (CRA) may require you to make tax in...

[Read more](https://toroaccounting.ca/blog/cra-instalments)

[![](https://toroaccounting.ca/hubfs/Penalty.jpg)](https://toroaccounting.ca/blog/es/blog/balance-cra-personal)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [How to Check Your Balance Owing on CRA My Account (Personal Taxes)](https://toroaccounting.ca/blog/es/blog/balance-cra-personal)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 5, 2026, 10:13:23 PM

If you have already filed your tax return in Canada and want to know whether you owe taxes, have ins...

[Read more](https://toroaccounting.ca/blog/es/blog/balance-cra-personal)

[![](https://toroaccounting.ca/hubfs/Toronto%20Trillium%20(3).jpg)](https://toroaccounting.ca/blog/cra-penalty-relief)

[CRA](https://toroaccounting.ca/blog/tag/cra)

## [How to Request Interest and Penalty Relief from the CRA](https://toroaccounting.ca/blog/cra-penalty-relief)

[Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) 

 May 4, 2026, 6:21:12 PM

If the Canada Revenue Agency (CRA) has charged interest or penalties on your account, you may be abl...

[Read more](https://toroaccounting.ca/blog/cra-penalty-relief)

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## **Download Our** **Free Small** **Business Guide**

 

[Download](https://toroaccounting.ca/hubfs/Small%20Business%20Guide%20(English)%20Compressed.pdf?hsLang=en)

 

 

 

## **About Us**

At Toro Accounting, we specialize in offering custom bookkeeping and accounting services for small businesses and entrepreneurs in Canada. Based in Toronto, our goal is to simplify your financial obligations so you can focus on what really matters: growing your business.

## **Contact Us**

Do you have questions or need help with your business finances? We're here to help! Get in touch with us through the following channels:

📧 **Email:**  
[office@toroaccounting.ca](mailto:office@toroaccounting.ca)

📞 **Phone:**  
+1 (647) 947-3715 

## Worksheets:

[Sole Prop or Self Employed Bookkeeping Worksheet](https://toroaccounting.ca/hubfs/Forms/TOROFINANCIAL-Sole-P-Bookkeeping.xlsx?hsLang=en)

[Corporate Tax Worksheet](https://toroaccounting.ca/hubfs/Forms/TOROFINANCIAL-Corporate-Bookkeeping.xlsx?hsLang=en)

## Links:

<https://toroaccounting.ca/hubfs/Forms/TOROFINANCIAL-Corporate-Bookkeeping.xlsx?hsLang=en>[Authorize Representative (Personal)](https://toroaccounting.ca/en/authorize-representative?hsLang=en)

<https://toroaccounting.ca/hubfs/Forms/TOROFINANCIAL-Corporate-Bookkeeping.xlsx?hsLang=en>[Authorize Representative (Business)](https://toroaccounting.ca/blog/authorize-toro-financial-business-cra-account)

## Forms:

[Personal Tax Forms](https://toroaccounting.ca/en/personal-tax-form?hsLang=en)<https://toroaccounting.ca/en/create-my-business-plan?hsLang=en>

[Business Plan Forms](https://toroaccounting.ca/en/create-my-business-plan?hsLang=en)

[Self-Employed Tax Forms](https://toroaccounting.ca/en/sole-prop-worksheet?hsLang=en)

[Corporate Tax Forms](https://toroaccounting.ca/en/corporate-tax-return-worksheet?hsLang=en)

[Corporation Registration Forms](https://toroaccounting.ca/en/registration-corporation?hsLang=en)

[Employment Expenses Forms (T777)](https://toroaccounting.ca/en/employment-expenses-t777?hsLang=en)

[Moving expenses form](https://toroaccounting.ca/moving-expenses-claim-form-t1-m?hsLang=en)

---

[![Toro Financial Inc. dba Toro Accounting](https://toroaccounting.ca/hs-fs/hubfs/Logo-Square%20(500%20x%20200%20px)-1.png?width=450&height=150&name=Logo-Square%20(500%20x%20200%20px)-1.png "Toro Financial Inc. dba Toro Accounting")](https://torofinancial.ca?hsLang=en)

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