Capital Gains and Losses A disposal of investments, which are not in the ordinary course of a taxpayers business, would be classified as a capital gain ...
Ronika Khanna
What is a t2125? If you are an unincorporated business owner doing your taxes, you are required to report the revenues/sales generated from your ...
Record Keeping and OrganizationEnsuring that you maintain all your documents in an organized fashion is in some ways the most important task that a ...
What is CPP/QPP?The Canada/Quebec Pension Plan is a retirement plan for all Canadian workers that earn employment or self employment income. Every year ...
Gifts given to customers are tax deductible, however, there are certain qualifications that you should keep in mind:You need to demonstrate that the ...
how do you register for a federal Payroll Account?Whether you have a sole proprietorship, partnership or a corporation, you will first have to ensure ...
What is the Gig Economy?The gig economy, popularized by Uber, refers to work that is flexible and usually incorporates digital apps or platforms. ...
Conferences/Conventions/Seminars:Only 2 events per year are deductible as a business expenses.Per guidance from CRA re convention expenses with respect ...
If you are starting your own small business and are seriously contemplating purchasing or replacing your accounting software you have undoubtedly heard ...
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 ...