Understanding the Tax Implications of Holding Companies
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
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
If you’re a business owner, you’ve probably heard of the lifetime capital gains exemption that can apply to the sale of qualifying private company shares. If you and your family … Read more
If you’re a QuickBooks Online (QBO) user using Payments or Payroll direct deposit, you’ve likely received a request to submit business documentation. This isn’t a glitch—it’s part of a required … Read more
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
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
Running a business comes with many perks and rewards, and many expenses! From travel and meals with clients or your team, to basic supplies and subscriptions for software that you … Read more
Any business incorporated, amalgamated, or continued in Ontario, including foreign entities that carry on business in the province, are required to file an annual return with the government of Ontario … Read more
The deadline to file your personal tax return is approaching quickly! It is crucial to start organizing and gathering all the required paperwork so that you stay compliant and don’t … Read more
Dear valued clients, At CPA4IT Professional Corporation, our goal is always to improve our services and make your experience with us as seamless as possible. That’s why we’re excited to … Read more
As the deadline for filing family trust returns in Canada approaches, it is important for families to take action and ensure that they meet the deadline. Family trusts can offer … Read more