Corporation Tax Filing in Canada: A Comprehensive Guide
In Canada, understanding and navigating the intricacies of corporation tax filing is crucial for businesses to remain compliant with the law while maximizing their financial efficiency. This article aims to provide you with a comprehensive guide to help demystify the process of corporation tax filing in Canada. Understanding Corporation Tax Corporation tax, also known as […]
QuickBooks Online Bookkeeping Service in Canada
QuickBooks Online, a powerful cloud-based accounting software, is revolutionizing the way Canadian businesses manage their finances. In this article, we’ll delve into the benefits of QuickBooks Online bookkeeping services tailored for businesses in Canada. QuickBooks Online Bookkeeping Service in Canada Why QuickBooks Online Bookkeeping? The Benefits of QuickBooks Online Bookkeeping Service in Canada: How QuickBooks […]
CEBA Loan Repayment Deadlines Extended
The Canada Emergency Business Account (CEBA) was introduced at the height of the pandemic to help out small businesses forced to close or limit their operations due to public health measures. The program offered interest-free loans backed by the federal government. A business could apply for up to $60,000 through the program — up to $20,000 […]
Eligible vs Non Eligible Dividends in Canada
In Canada, eligible and non-eligible dividends refer to the different tax treatment of dividends received from Canadian corporations. The key distinction lies in the source of the funds used to pay the dividends. Lets find difference in Eligible vs Non Eligible Dividends; The tax treatment of dividends is important for individual investors, as it affects […]
How to determine your tax residency in Canada
To determine whether you’re a resident or non-resident, use the Canada Revenue Agency’s criteria to assess your ties with Canada. Because determinations are made on a case-by-case basis, there are no universally applicable rules to determine your tax residency status in Canada. However, your country of residence will usually be the one that you have the closest ties […]
Guide to Tax Return filing for Medical Residents in Canada
Navigating tax returns can be a daunting task for anyone, but for medical residents in Canada, it can be particularly challenging due to the unique financial circumstances they face. In this comprehensive guide, we will delve into the intricacies of tax return filing for medical residents in Canada, providing essential information and tips to help […]