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Small business compliance for Canadian businesses means meeting your business’s tax obligations by complying with the tax rules and regulations that the Canada tax department has implemented. While most business owners have no problems accepting their tax responsibilities they are often challenged with the complexity surrounding the tax laws. As a result they can end…
A Canadian tax payer has many different potential tax credits available to them, but in order to receive these they have to qualify for each one according to the regulations that govern them. Included in these are donations to charities which do not include the gift of money but other items of worth. For example,…
Many businesses had a difficult time during the ice storm, and are still trying to recoup from both the potential physical damage it may have caused to their establishments, as well as playing havoc with the operation and administrative sectors of their business. For some that had tax obligations to attend to through this time…
There are a lot of people that work from home, and have a small business on the side. A lot of women enjoy selling products on a commission basic like Arbonne or Avon. For those that are really enthusiastic about this they can make themselves some decent money. However, it also puts them into a different tax…
As Canadians we all look at ourselves as being in the same boat when it comes to our tax obligations, yet each of our tax situations is unique to us based on our circumstances. Often we hear about people who seem to be living well yet they boast about never having to pay taxes…
As tax time draws near no doubt you are giving your tax affairs some thought. This past year there has been a lot of emphasis on off shore accounts that were not being claimed and basically it centers around tax evasion. This has caused the CRA to update their T1135 form regarding foreign investments.…
Getting ready for your 2013 taxes may not be an easy task for you, if you have not been completely organized throughout your business year when it comes to keeping your financial records in order. You may be in need of some Toronto Bookkeeping Services that are going to make your tax obligations far more simple and…
As we are now in the tax season you really have to take a close look at your tax obligations and what is required of you. If you are involved in foreign investments then you need to be particularly diligent about reporting using the Form 1135, as the CRA will no doubt be closely…
