Corporate Tax Checklist
1. Please go to your CPA4IT Client Zone to upload your corporate tax return information below in order for us to commence your tax return preparation (Please email your account manager to confirm … Read more
CPA4IT Professional Corporation
Salary vs. Dividends – What’s The Best Way To Pay Yourself?
If you’re a business owner contemplating the best way to remunerate yourself or seeking to optimize your tax strategy – understanding the differences between salary and dividends is crucial. We … Read more
How to Set Up A My Ontario Account
The Government of Ontario is changing the way users access secure government services. Services that previously used ONe-Key credentials are switching to a new My Ontario Account service. My Ontario … Read more
What Are The Benefits Of Setting Up A Holding Company?
Creating a holding company (Hold Co.) can be a strategic approach for business owners looking to transform wealth into a legacy. Primarily, a Hold Co. does not produce any goods … Read more
Top 3 Tools to Take Your Business to the Next Level
In today’s fast-paced digital world, businesses must continuously adapt to remain competitive. Whether you are a startup or an established enterprise, leveraging the right tools can significantly elevate your productivity, … Read more
John Tavares vs. CRA: A Landmark Case with Implications for NHL Contract Negotiations
In what is turning out to be a landmark legal battle, John Tavares, captain of the Toronto Maple Leafs, has taken the Canada Revenue Agency (CRA) to court over a … Read more
What Are The Benefits Of Incorporating My Business?
Incorporation is the legal process that transforms a business into a distinct legal entity, separate from its owners. The transformation grants your business its own rights, separate from your personal … Read more
Canada Revenue Agency Expands SimpleFile Program, but Skepticism Remains
Introduction to SimpleFile Expansion The Canada Revenue Agency (CRA) recently announced a significant expansion of its SimpleFile service, designed to simplify the tax filing process for Canadians with no prior … Read more
PBO: Capital Gains Tax Revenue Falls Short of Government Expectations
Falling Short of Projections The latest report from the Parliamentary Budget Officer (PBO) reveals a significant shortfall in the expected revenue from the recent increase in capital gains tax implemented … Read more
Top 10 Strategies to reduce PSC risk
1. Strong, Clear and Correctly Worded Written Contract • Written contracts have been given significant importance by Tax Court judges. • Landmark Wiebe Door tax court case criteria should be … Read more
