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
taxes
Facing CRA Call Center Holdups? Here’s What to Expect
In today’s fast-paced world, where efficient communication is key, the Canada Revenue Agency’s (CRA) call center wait times stand out as a glaring anomaly. This blog takes a closer look … Read more
Unlock Your Dream Home: Mastering First Home Savings Account
A Game-Changer for Prospective Homeowners The soaring house prices in Canada have made saving for a down payment increasingly challenging, particularly for young Canadians. Recognizing this, the Canadian government, spearheaded … Read more
How To Leverage The Tax Benefits of SR&ED Tax Credits
The Scientific Research and Experimental Development (SR&ED) tax incentives are a boon for businesses engaging in research and development within Canada. Eligible entities like corporations, individuals, trusts, and partnerships can … Read more
How To Avoid Common Mistakes While Filing Your Tax Return?
Tax season can be a daunting time for many Canadians. The process of filing one’s tax return can be riddled with complexities, and even a minor oversight can lead to … Read more
Save for Your First Home: Tax-Free Savings Account Explained
As housing prices rise, many Canadians, especially the younger generation, struggle to save for a down payment. To address this, the government introduced the tax-free First Home Savings Account, helping … Read more
Do you need a Corporate Bank Account?
Are you a small business owner who is thinking about opening a corporate bank account? If so, you may be wondering if it’s really worth it. Don’t worry, this blog … Read more
Are You Eligible for Compensation in the CRA Class Action?
If you’ve been keeping an eye on the news, you might have heard about the class-action lawsuit against the Canada Revenue Agency (CRA). This lawsuit could potentially affect millions of … Read more
Effortlessly Log Your Business Miles with QuickBooks Online’s Mileage Tracker Tool
QuickBooks Online includes a mileage tracker feature to assist businesses in keeping track of their vehicle expenditures for tax reasons. The Canada Revenue Agency (CRA) in Canada permits companies to claim … Read more
The Risk of Timing the Sale of Your Business
Introduction: When it comes to selling a business, many entrepreneurs try to time their exit based on external economic factors. They hope to sell their business at the peak of … Read more