Tax & Accounting with Peter Piluk

Linda Ockwell-Jenner interviews SBCN member expert: Peter Piluk, Creative Minds Accounting's founder, on small business tax tips. Peter emphasizes the correct tax order: current payroll taxes first, followed by HST, then income taxes. He warns against common mistakes like claiming non-eligible expenses (e.g., clothing) and stresses the importance of keeping digital and physical receipts. Peter shares that business owners can claim 61-62 cents per kilometre for mileage. He advises against DIY tax preparation if behind by more than two years and reassures that the CRA is manageable, not intimidating.