It doesn't matter what size business you have, there'll be books to keep. Do you know if you need a bookkeeper or an accountant? Many people don't know the difference. Because the terms have no legislative meaning in Canada, anyone can call themselves ...
Your small business has been growing (or you are just starting) and you could be wondering when you should make the leap... and incorporate it.There are pros and cons to doing this and if you do it too early, it may not be worth it. Now, if your business ...
Do you avoid sending in your taxes? Or, did you somehow, just forget? Here are some good reasons to submit them, even if you're a bit behind.It's not the end of the world that you missed a deadline (or a few!) The Canada Revenue Agency (CRA) is really ...
The pandemic has many people working away from their normal place of business. If you are using your home as a temporary work space, you may qualify for a flat rate $500 tax deduction on your 2021 return. You will have to meet certain criteria in order ...
Are you registered for the CRA's MyAccount?The Canada Revenue Agency's My Account is a secure portal that lets you view your personal income tax and benefit information, as well as manage your tax affairs online.It's available 21 hours a day, 7 days a ...
