If you are starting your own small business and are seriously contemplating purchasing or replacing your accounting software you have undoubtedly heard ...
Ronika Khanna
Set up existing customers and suppliers If you already have customers/clients and suppliers you can set them up right away. For customers, you would go ...
Why you need opening balancesSave 80% on QuickBooks Online for the first 6 monthsWhen transitioning from a different accounting system, whether it is ...
Interest Rates for Late Tax FilingsDue to the increase in interest rates overall, the amount of interest charged on late or overdue balances for both CRA ...
Determine if you need to report small business tax incomeIf you earn income and you do not have an employer that provides you with a T4, you usually have ...
Zero Rated:Transactions classified as "Zero Rated" are taxable but at a 0% tax rate. This means that while no sales tax i.e. GST/HST or QST is charged to ...
How to file the CNESST Return at Year End (Declaration des Salaires)Employers with employees who are not directors/owners of the corporation, in ...
how to access the T5 slipThe first step is to obtain the T5 slip:Download a PDF at CRA’s website at the PDF link. Note that there is a fillable version ...
What is the difference between a salary and dividend?A salary is paid to the employee of a business while a dividend is paid to the shareholder of a ...
Save 80% on QuickBooks Online for the first 6 monthsRelated: How to file your T4 and RL-1 slips and summariesEfilingIf you are planning to efile, ensure ...