Choosing Your Corporate Year-End
Deciding Your Corporate Year-End When does the tax year start and end? For most people in Canada, the individual tax year is January to December, and the individual personal income … Read more
CPA4IT Professional Corporation
What is a Corporate Minute Book?
A corporate minute book forms part of the corporation’s permanent records. The minute book includes the Articles of Incorporation (and subsequent Articles of Amalgamation if applicable), the corporate by-laws, documents … Read more
How to Leverage Income Splitting?
What is Income Splitting? Income splitting is the strategy of moving income from a family member in a higher personal income tax bracket to a family member in a lower … Read more
Everything You Need To Know About T4/T5 Deadlines
As the T4, T4A, and T5 deadlines approach in Canada, it’s important to ensure that all necessary tax documents are filed on time. The deadline for filing these Canada tax … Read more
The What Why and How of Payroll Source Deductions Remittance
Payroll source deductions are amounts that an employer is required to withhold from an employee’s pay and remit to the government on behalf of the employee. These deductions include federal … Read more
10 Resolutions to Amplify Your Company’s Value in 2024
As we enter the dynamic landscape of 2024, it’s crucial to set your sights on enhancing the value and resilience of your business. To help you achieve this goal, we’ve … Read more
A Guide To Personal Real Estate Corporations
Across Canada, several provinces allow real estate agents to establish personal real estate corporations (PREC). As of the end of 2020, Ontario has become the most recent province that allows … Read more
Corporate Tax Return vs Annual Returns
We would like to start by clarifying the following: an Annual Return is NOT a Corporate Tax Return. A corporate tax return is a mandatory corporate filing that requires … Read more
Everything New With Microsoft’s CoPilot
In the rapidly advancing world of artificial intelligence (AI), Microsoft’s AI model CoPilot stands out as a game-changer. This blog post will explore the latest developments in CoPilot, highlighting how … Read more
Tax Hikes and Tax Cuts in 2024
In the ever-evolving landscape of Canadian tax laws, staying informed about the latest changes is crucial for both individuals and businesses. As we step into a new year, several significant amendments … Read more