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
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
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
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
The Office of the United States Trade Representative is committed to taking necessary measures to stop Canada’s new tax on large foreign digital services companies. This tax targets revenue earned … Read more
The Canada Revenue Agency (CRA) has escalated its approach towards independent contractors with recent communications. Initially, the CRA merely suggested that certain corporations might be classified as Personal Services Businesses … Read more
Recently, the Canada Revenue Agency (CRA) has been sending out letters to independent contractors, suggesting that their operations might meet the criteria of Personal Services Businesses (PSBs). This implies that … Read more
It’s crucial for small business owners to be acutely aware of the modifications to the Canada Pension Plan (CPP) contributions in 2024. Understanding these changes is essential, not just for … Read more
Welcome to the treasure trove of tax strategies! With over 30 years of experience, we have been helping small business owners organize finances, create wealth, and transform wealth into a legacy. … Read more
The COVID-19 pandemic created unprecedented challenges for Canadians, leading to the rapid rollout of government support programs like the Canada Emergency Response Benefit (CERB) and the Canada Recovery Benefit (CRB). … Read more
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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.
