---
title: Toro Accounting Blog | CRA (3)
description: CRA | Toro Accounting blog for accounting and tax topics in Canada, (3)
---

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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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# 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.

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[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(8).png)](https://toroaccounting.ca/blog/es/blog/allowable-business-loss-canada)

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

## [📉 Allowable Business Investment Loss (ABIL) in Canada](https://toroaccounting.ca/blog/es/blog/allowable-business-loss-canada)

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

 Feb 22, 2026, 6:32:10 PM

How It Works and How It Can Reduce Your Taxes Investing in small businesses can offer significant op...

[Read more](https://toroaccounting.ca/blog/es/blog/allowable-business-loss-canada)

[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(7).png)](https://toroaccounting.ca/blog/moving-expenses-deduction-in-canada)

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

## [🚚 Moving Expenses Deduction in Canada](https://toroaccounting.ca/blog/moving-expenses-deduction-in-canada)

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

 Feb 22, 2026, 6:15:19 PM

How to Claim Moving Costs on Your T1 Return Did you move this year for work, business, or school? Yo...

[Read more](https://toroaccounting.ca/blog/moving-expenses-deduction-in-canada)

[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(6)-2.png)](https://toroaccounting.ca/blog/child-care-expenses-in-canada)

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

## [👶 Child Care Expenses in Canada](https://toroaccounting.ca/blog/child-care-expenses-in-canada)

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

 Feb 22, 2026, 4:51:18 PM

What Parents Need to Know for Tax Season If you’re a working parent in Canada, child care can be one...

[Read more](https://toroaccounting.ca/blog/child-care-expenses-in-canada)

[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(5)-1.png)](https://toroaccounting.ca/blog/23200-legal-fees)

[Tax](https://toroaccounting.ca/blog/tag/tax), [CRA](https://toroaccounting.ca/blog/tag/cra), [Deductions](https://toroaccounting.ca/blog/tag/deductions)

## [⚖️ Legal Fees & Other Deductions – Line 23200 on the T1 Return](https://toroaccounting.ca/blog/23200-legal-fees)

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

 Feb 22, 2026, 4:32:45 PM

What Can You Claim in Canada? When filing your personal tax return (T1), many taxpayers overlook Lin...

[Read more](https://toroaccounting.ca/blog/23200-legal-fees)

[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(4)-1.png)](https://toroaccounting.ca/blog/investment-advice-accounting-fees)

[Tax](https://toroaccounting.ca/blog/tag/tax), [CRA](https://toroaccounting.ca/blog/tag/cra), [Deductions](https://toroaccounting.ca/blog/tag/deductions)

## [Deductions for Investment Advisory & Accounting Fees](https://toroaccounting.ca/blog/investment-advice-accounting-fees)

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

 Feb 22, 2026, 4:26:54 PM

Many Canadians pay for investment advice, portfolio management, and accounting services — but not ev...

[Read more](https://toroaccounting.ca/blog/investment-advice-accounting-fees)

[![](https://toroaccounting.ca/hubfs/Untitled%20design%20(3)-1.png)](https://toroaccounting.ca/blog/student-loan-interest-tax-credit-in-canada)

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

## [Student Loan Interest Tax Credit in Canada](https://toroaccounting.ca/blog/student-loan-interest-tax-credit-in-canada)

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

 Feb 22, 2026, 2:53:35 PM

A Smart Way to Reduce Your Taxes After Graduation If you’ve taken out student loans to finance your ...

[Read more](https://toroaccounting.ca/blog/student-loan-interest-tax-credit-in-canada)

[![](https://toroaccounting.ca/hubfs/Toronto%20Trillium.jpg)](https://toroaccounting.ca/blog/dtc)

[CRA](https://toroaccounting.ca/blog/tag/cra), [Disability Tax Credit](https://toroaccounting.ca/blog/tag/disability-tax-credit), [DTC](https://toroaccounting.ca/blog/tag/dtc)

## [The Disability Tax Credit (DTC) in Canada – How to Apply and What Forms You Need](https://toroaccounting.ca/blog/dtc)

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

 Feb 17, 2026, 7:31:00 PM

Living with a disability can create additional financial challenges. To help offset some of these co...

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

[![](https://toroaccounting.ca/hubfs/Lifelong%20Learning%20Plan.jpg)](https://toroaccounting.ca/blog/the-rrsp-llp)

[CRA](https://toroaccounting.ca/blog/tag/cra), [Life-long Learning Plan](https://toroaccounting.ca/blog/tag/life-long-learning-plan)

## [The RRSP Lifelong Learning Plan (LLP) in Canada](https://toroaccounting.ca/blog/the-rrsp-llp)

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

 Feb 17, 2026, 5:33:28 PM

Going back to school can be one of the best investments you make in your future. Whether you're upgr...

[Read more](https://toroaccounting.ca/blog/the-rrsp-llp)

[![](https://toroaccounting.ca/hubfs/Copy%20of%20T2%20CRA%20my%20Payment.jpg)](https://toroaccounting.ca/blog/ontario-trillium-benefit-otb-and-the-ontario-energy-and-property-tax-credit-oeptc)

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

## [Ontario Trillium Benefit (OTB) and the Ontario Energy and Property Tax Credit (OEPTC)](https://toroaccounting.ca/blog/ontario-trillium-benefit-otb-and-the-ontario-energy-and-property-tax-credit-oeptc)

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

 Feb 17, 2026, 4:33:25 PM

Filing taxes can feel complicated — especially when it comes to provincial benefits. Two important c...

[Read more](https://toroaccounting.ca/blog/ontario-trillium-benefit-otb-and-the-ontario-energy-and-property-tax-credit-oeptc)

[![](https://toroaccounting.ca/hubfs/Family.png)](https://toroaccounting.ca/blog/2026-tax-deadlines)

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

## [2026 Canadian Tax Filing Deadlines (for 2025 Tax Year): Key Dates You Need to Know](https://toroaccounting.ca/blog/2026-tax-deadlines)

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

 Jan 26, 2026, 12:11:26 PM

Tax season can feel overwhelming, especially if you’re not familiar with how the Canadian tax system...

[Read more](https://toroaccounting.ca/blog/2026-tax-deadlines)

[First](https://toroaccounting.ca/blog/tag/cra) [Prev](https://toroaccounting.ca/blog/tag/cra/page/2) [1](https://toroaccounting.ca/blog/tag/cra) [2](https://toroaccounting.ca/blog/tag/cra/page/2) [3](https://toroaccounting.ca/blog/tag/cra/page/3) [4](https://toroaccounting.ca/blog/tag/cra/page/4) [5](https://toroaccounting.ca/blog/tag/cra/page/5) [Next](https://toroaccounting.ca/blog/tag/cra/page/4) [Last](https://toroaccounting.ca/blog/tag/cra/page/5)

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## **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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