As a small business owner, the number of tax deductions you are entitled to is impressive. You simply need to be aware of them and start preparing your documents as soon as possible to ensure …
Your corporate taxes are based on your business’ net income, not the actual sales. The federal corporate tax rate, for small businesses is 11%, for up to $500 000 in net income. If your company’s …
Handling calls from the CRA can be an intimidating ordeal. You and other business owners are often afraid that managing these issues will take up time and energy away from your growing business. We’ve highlighted …
Dividing your personal and business income is always challenging particularly when it comes to taxes. Once your business is incorporated, it becomes an independent entity: capable of being taxed, liable for lawsuits and all other …
Filing your taxes is an unavoidable responsibility, as a business owner. Keeping your financial records organized throughout the year will definitely help to simplify this task. Here are a few valuable tips to ensure you …