WE ARE CURIOUS

TIPS & TOOLS

We ask questions, perform research and analyze data to increase our knowledge and understanding: We strive for constant and never-ending improvement.

Incorporation

Too often business owners take the advice of a friend and go online to incorporate. Be aware online registries do not give advice. Decisions have to be made as to how to distribute the shares to the shareholders, the importance of keeping a minute book, how to choose your year-end, or the ongoing obligations of a corporation.

Cloud Accounting Guide

The cloud is a technology term that is thrown around heavily these days, but do you know what cloud accounting is? And more importantly, do you know how cloud-based accounting services can help your business?

Taxation Of Non-canadian Citizens Working In Canada

Individuals resident in Canada are subject to Canadian income tax on worldwide income. Relief from double taxation is provided through Canada’s international tax treaties, as well as via foreign tax credits and deductions for foreign taxes paid on income derived from non-Canadian sources.

Personal Service Business (PSB) Risk Assessment

PSB risk is the greatest tax risk facing the independent contracting market. A personal services business pays a much higher tax rate and is not eligible to deduct as many expenses. Are you at risk of being deemed a personal service business? Take our FREE risk assessment and find out now.

Employee vs. Contractor

This classifier requires you to complete a short questionnaire about the facts of your scenario. We ask up to 30 questions about facts that have been found to influence whether or not a worker is an employee or an independent contractor for employment law purposes. Once you answer all questions, we will compute the likelihood of a worker being classified as an employee or independent contractor (or, if relevant, dependent contractor), comparing your scenario to all previous cases.

Sole Proprietor vs Corporation

Our Corporation calculator lets you work out the potential tax savings you could achieve by Incorporating.

This Calculator will compare the estimated taxes that if you operated as a Sole Proprietor versus the estimated taxes if you operated as a Corporation. Use this calculator to learn the estimated tax savings of choosing one form of organization over the other.

Northstarrs

Transform Your Life & Career with Northstarrs: The Ultimate Personal & Business Growth Program.

Get Ready to Boost Your Skills with Our Exciting Collection of New Training Programs! These bite-sized audio and video segments are easy to follow and perfect for learning on the go.

Explore our available options below and enhance your skills!

 

FridA.I

Meet Andre.I, our AI presenter who is ready to help you enhance your business skills through digital courses developed by AI, taking the learning experience to another level.

The Pay Less Tax Guide

Unlock the power of smart tax planning with our comprehensive guide, ’10 Steps to Reduce Your Taxes.’ This invaluable resource reveals the key strategies to minimize your tax liabilities and keep more money in your pocket. Download it now to gain a deeper understanding of how to make your finances work for you. Start your journey to financial freedom today!” with us.

The Incorporation Guide

“Embrace the path to entrepreneurial success with our expert guide, ‘Incorporation Guide’ This resource is your roadmap to launching a successful business venture. Learn about the benefits of incorporation, the steps to get started, and key insights to set your business on the right track. Download your guide below now and take the first steps toward turning your business dreams into reality.”

The PREC Guide

Transform Your Life & Career with Northstarrs: The Unlock the full potential of your real estate career with our comprehensive ‘PREC Guide’ (Personal Real Estate Corporation) Formation. With the introduction of Ontario’s Trust in Real Estate Services Act, 2020, real estate professionals now have the opportunity to form Personal Real Estate Corporations (PRECs). This revolutionary change allows for self-employed revenue to be paid into a PREC, providing high tax benefits.

Quickbooks Online

Connect your bank accounts, credit cards, PayPal, and more to automatically download all your income and expenses.

Dext Account

Dext-Receipt Bank is an easy automation app for collecting, processing and publishing receipts and invoices.

You didn’t go into business to do paperwork. Dext-Receipt Bank tracks, reads and stores your receipts and invoices on the go, so you can focus on what matters.

Xero

Know how you’re doing financially with daily updates from your bank accounts and credit cards that show up on the Xero dashboard and in reports.

Book A Free Consultation

Got questions? We’ve got answers! Use the link below to book a time to chat with one of our experts.

Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.