If you are a Canadian entrepreneur, input tax credit (ITC) can be your saviour when it comes to saving you money. Most Canadian businesses are unaware of the full scope …
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If your Canadian company has foreign affiliates or foreign affiliate interests, then you should be aware of the T1134 form and how to submit it. T1134 tax form filing is …
How to Avoid Estate Tax in Canada: What You Need to Know
When making arrangements for your legacy, it’s essential to understand how to avoid estate tax in Canada. While there is no official inheritance tax, the Canadian estate tax system treats …
Understanding the T4A Slip: Box-by-Box Breakdown for 2025 Tax Filing
As tax season 2025 approaches, many Canadians are asking: What exactly is a T4A slip? Whether you’re retired, self-employed, a student, or receiving any form of non-employment income, understanding the …
Common Misconceptions About Disability Tax Credit Eligibility
When it comes to being aware of disability tax credit eligibility, a majority of Canadians are confused or misinformed. These misunderstandings often prevent deserving individuals from accessing the support they …
What Is a T4 Slip? A Complete Guide for Canadian Taxpayers
If you’re working and earning income in Canada, chances are you’ll receive a T4 slip — one of the most important documents for tax season. The T4 slip plays a …
What Is a Bare Trust? A User-Friendly Guide for Canadians
Are you a Canadian property owner, bank account holder, or estate planner? If so, what is a bare trust? This user-friendly yet powerful financial instrument plays an important role in …
Understanding the Ontario Corporate Tax Rate: A Small Business Guide
Running a small business in Ontario comes with various financial responsibilities, such as taxes. Having knowledge about the corporate tax rate Ontario will help entrepreneurs manage their tax payment effectively. …
Investing in dividend stocks is a great source of passive income, but you need to have some idea of how tax operates. Fortunately, the Canadian dividend tax credit provides investors …
GST Payment Dates 2025: What All Canadian Businesses Need to Know
As 2025 approaches, staying informed about GST payment dates for 2025 is vital for Canadian companies and individuals. The Canada Revenue Agency (CRA) prescribes specific payment deadlines for GST payments …
If you are going to start a business in Canada, you must have an HST number to be in line with Canada Revenue Agency (CRA) requirements. Knowing how to get …
CRA Mileage Rate 2025: What Canadian Business Owners and Self-Employed Professionals Need to Know
For self-employed workers and Canadian business owners, documenting mileage expenses is important for tax deductions. The CRA mileage rate 2025 is one of the main considerations to use when deciding …