In 2017, the rules relating to private corporations changed, reducing opportunities for corporations to save taxes through passive income investments. Since then, the government has cleared up some of the
A comprehensive guide to calculating Income Tax in Ontario: Looking for an Ontario Tax Calculator to to make sense of your income tax obligations? Look no further. Here’s a complete
Here’s everything you need to know about the capital gains exemption: Who doesn’t want to reduce their tax burden? Smart tax planning involves understanding the conditions that qualify you for
Everything you need to know about how to claim charitable donations when filing a tax return! Everyone is always asking how to claim charitable donations when filing a tax return.
When Do I Have to File My Personal Tax Return and My Company’s Tax Return? As there are monetary penalties and potential to lose benefits or returns by filing a
Am I entitled to deduct vehicle expenses? If you are self employed or own your own corporation, and you use your vehicle for work purposes, you are entitled to deduct
Selling Across Canada: What Rate of Goods & Service Tax (GST/HST) Do I Have to Collect? Businesses often request some clarification regarding how much GST/HST, or PST to collect when
Employee and an independent contractor – what is the difference, what are the tax advantages and how does the CRA make the assessment? Whether you are starting up a new business