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It can be really difficult to know how to classify your truck driving services when it comes to the expectations of the Canada Revenue Agency. Perhaps you are an independent driver who provides transport services for multiple companies. You have no business name or business number. Or maybe you take on long haul contracts through…
It wouldn’t be a mistake to say that most businesses especially those in the small to medium category, welcome almost any type of help they can get to grow their business. If this is help that is being offered by the CRA though is going to be a warmly received? It goes without saying that…
As a small time Toronto business owner, no doubt you would receive good tax news from our government with open arms. When we read statements like a new tax move could save small businesses more than $550 million over the next two years it really seems impressive. This is referring to the Small Business…
For the new business owner it can be quite a task hiring the new employee. For some it is a matter of seeing what skills an individual possesses and making the decision from there. What is forgotten is that setting up the employee/employer accounts with the proper government agency is time consuming and demands…
Nobody wants to think about their taxes until tax time but here we are in the last quarter of the year already and for some they are scrambling around to see how they can make it so the current year will have less of an impact on them come tax filing time. This is the…
You may not be familiar with the term house flipping, but if you have purchased a second residence and sell it within a specific time frame then it may become something that you are soon going to experience because of its potential tax implications. Most probably you realize that if you do sell this second…
Sometimes tackling your tax obligations can put you in a situation where knowing a little can get you into more trouble than not knowing anything. You may have some basic understanding about some tax matters like transferring property so you can lower your tax obligations, but you don’t have enough knowledge to know that this…
As a small or new business owner you are now faced with a lot of administrative tasks. Included in these is your obligation to the CRA, which goes beyond just your yearly tax remittance. If you have employees then you have a set amount of rules that you must follow diligently regarding the…
