Rent is one of the biggest costs for Ontario residential tenants and business operators. Everyone and businesses ask, is rent tax-deductible in Ontario? While residential tenants have limited deductions, business …
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Accurate tax filing is crucial for both employees and employers in Canada. A simple mistake on the T4 slip can lead to unwarranted audits or penalties. One place where mistakes …
Disability tax credits can be challenging, and receiving a denial makes the process even more complicated. Fortunately, denial decisions can be reevaluated. Many individuals have stared at a CRA letter, …
Introduction to Estate Planning Estate planning is not as complicated as it sounds. It is an essential puzzle piece in planning for your future and taking care of your family. …
Bookkeeping Basics: Key Concepts Are you prepared to step into the realm where everything is financially organized? At first glance, bookkeeping basics may appear to be a difficult task, but …
Capital gains tax is among the Canadian taxation processes in which business organizations and individuals sell property for gain. Whether you are selling shares, land, or an investment that you …
Cryptocurrency is trendy, but most Canadian investors are unaware of how it is taxed. The rules on crypto tax in Canada are changing as the Canada Revenue Agency (CRA) releases …
Expanding a business outside of Canada has interesting prospects for development and complicated tax obligations. Minimizing obligations and ensuring compliance depends on a knowledge of cross-border tax rules. Companies must …
Business negotiating Canadian tax law is based on an understanding of fair market value (FMV). Firms must analyze assets, transactions, and financial reporting under CRA FMV rules. Misunderstanding FMV may …
It’s exciting to see how many people in Canada come up with amazing business ideas and bring their vision to life. If you are one of those amazing people about …
97.8% of the Canadian economy is derived from small businesses. Statistics show that there are 1.22 million employer businesses in Canada mostly consisting of small businesses. Is your business one …
Did you know that Canada’s anti-spam legislation charges a fine of up to C$10 million per violation? This means that if your business commits any type of illegal or irresponsible …