When starting a business, it can be confusing and a little overwhelming to keep on top of the different types of tax filings that need to be submitted ...
Ronika Khanna
Advertising ExpensesWhile advertising is often used synonymously with marketing , in an accounting context it often refers specifically to actual ads ...
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 ...
For years, we have stressed the importance to our clients of making quarterly estimated tax payments. And unlike many tax preparers, we also do ...
Nancy McClelland
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 ...
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 ...