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 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
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
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
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
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
Today, we’re diving into the Canada Emergency Business Account (CEBA) program. This initiative has been a financial lifeline for many, but with ever-evolving guidelines and deadlines, it can be a … Read more
Over the last few years, we have been pleased to provide our clients with a Dext Subscription as a part of our ongoing accounting services. However, Dext has recently announced a substantial increase in their subscription fees. Unfortunately, … Read more
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.
