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…
Most often small businesses that are thinking about incorporating their business will consider the potential tax breaks as their first priority. While this is important, other factors should be considered as well. It costs money to incorporate your Company and it takes a bit of a time commitment for this . Also, if you…
If you are not quite sure what category your business fits into then you want to take a close look at what the CRA considers as a Personal Services Business or (PSB). As an incorporated business this is really important to you that you are not classified as this, because it would mean that you…
The Canada Revenue Agency (CRA) makes every effort to put out bulletins and pamphlets for individuals and businesses to better understand the tax laws, and the public’s obligations to these laws. Like any rules and regulations the actual laws for taxation in Canada are complex and difficult to understand for the general public. This is…
