Corporate Tax Return Filing in Canada
Filing corporate tax returns is a crucial responsibility for businesses operating in Canada. Whether you’re a small business owner or managing a larger corporation, understanding your obligations under Canadian tax law can help you avoid penalties and ensure compliance. Here’s everything you need to know about corporate tax return filing in Canada. Who Needs to […]
Tax Filing for Amazon Sellers in Canada
As an Amazon seller in Canada, navigating the complexities of tax compliance is essential to running a successful e-commerce business. From income tax to sales tax obligations, understanding the rules and regulations can help you avoid penalties and optimize your financial standing. This guide provides an overview of key tax considerations for Amazon sellers operating […]
Personal Tax Guide in Canada
In this article, you’ll learn how your money is taxed, and the types of income and deductions that allow you to reduce that tax. Personal Taxes guide in Canada How Personal Taxes Work in Canada In this article, you’ll learn how your money is taxed, and the types of income and deductions that allow you to reduce […]
Shareholder Loan: Understand it and Avoid Trouble with the CRA
This article will dive into the following topics: What is a Shareholder Loan? In general, your shareholder loan represents the balance of funds that you have contributed to the corporation. Or on the flip side, it also represents the funds that you have withdrawn from the company. You can loan money to your company by […]
Tax For Online Business Canada By CPA Accountant in Mississauga, Oakville, Toronto
Many companies today have a presence online or they are conducting business completely online. While that’s great for increasing sales and profits, it does pose many tax issues. This article discusses current issues related to tax for online businesses in Canada. Country of Tax for Online Business Canada – Accountant Mississauga Oakville Toronto The first […]
A Lesson In Record Keeping for Taxes in Canada
The Income Tax Act requires you to keep all documents supporting your business activity; in an audit, the CRA will demand them. Record Keeping for Taxes in Canada Keep Everything According to the Income Tax Act, taxpayers must keep “records and books of account … together with every account and voucher necessary to verify the information contained therein” for a period […]