Business & Corporate Tax Archives

5 Key Factors in Choosing a Business Structure

Starting a business is an exciting venture that gives you freedom over your schedule, the opportunity to profit from your efforts, and allows you to offer valuable services or products to your community. At the same time, your business demands certain responsibilities, such as paying taxes to the Canada Revenue Agency or taking on liability … Continue reading

Best Practices for Financial Success: Pro Tips from a Trusted Small Business Accountant Mississauga

Running a small business comes with unique challenges. From managing cash flow to staying compliant with tax obligations, the journey requires careful planning and strategy. For many small business owners, implementing the right accounting practices can mean the difference between smooth operations and financial chaos. By adopting these best practices, you can gain a clear … Continue reading

Top 10 Tax Write-Offs | Corporate Tax Accountant in Toronto

As a business owner in Toronto, understanding which expenses qualify as tax write-offs is essential for minimizing your tax liability and keeping more capital within your business.

Navigating Capital Gains Tax Changes in 2024

Starting June 25, 2024, the Government of Canada has increased the capital gains inclusion rate as part of the 2024 Budget. This is a major change to the tax law, the effect of which is that there is a higher capital gains tax on the sale of property, assets, and shares. While the government claims … Continue reading

Does Your Canadian Company Need an EIN?

In today’s increasingly globalized market, many Canadian companies and sole proprietors are expanding their reach and tapping into the U.S. economy. Serving American customers offers significant potential for growth, but it also brings a unique set of challenges, particularly when it comes to navigating the complexities of cross-border business. One of the most critical aspects … Continue reading

How is Rental Income Taxed by a CCPC?

This video will review the taxation of rental income earned by a CCPC

How to apply for the Canada Emergency Business Loan.

I am releasing a series of videos to help you receive financial help from the Government of Canada due to COVID-19. Most importantly, I hope that you and your family are safe during this difficult time.This video is about the Canada Emergency Small Business Loan.

Steps to apply for the Canada Emergency Wage Subsidy.

I am releasing a series of videos to help you receive financial help from the Government of Canada due to COVID-19. Most importantly, I hope that you and your family are safe during this difficult time. This video is about the Canada Emergency Wage Subsidy for Canadian Employers.

Year-end tax planning tips for business owners.

Thank you, everyone, for joining today’s webinar regarding year-end tax planning tips for Canadian business owners. My name is Allan Madan. For those of you who don’t know me, I am a chartered accountant and CPA,

U.S. sales tax: What Canadian businesses should know.

This webinar will provide you with an insight into the collection of sales tax and its potential implications.

Webinar: Tax Changes for 2019 Small Business Corporations in Canada

This webinar will focus on the proposed changes to small business taxation by the Liberal Government and how they will impact you.

Tax rules on investment income for Canadian corporations.

The Liberal Government of Canada recently introduced new tax rules, which come into effect in 2019, for the taxation of investment income earned by Canadian controlled private corporations (CCPCs). If you are a Canadian business owner that invests through your company, then keep reading to learn more.

New income splitting rules for Canadian corporations.

Do you own a Canadian private corporation and want to pay dividends to your family members? The new income splitting rules introduced by the federal government make it more difficult to do so. Keep reading to find out what you need to know about these new rules.

Health spending accounts: potential savings for businesses.

Author: Alden Hui, Olympia Benefits A Health and Welfare Trust is often referred to as a Health Spending Account (HSA) or Private Health Services Plan (PHSP). These names are used interchangeably and usually mean one and the same thing. For ease of reading, I will refer to these plans as a Health Spending Account (or … Continue reading

Year-end tax planning strategies for business owners.

Are you ready for 2018? Learn about the three tax planning tips for business owners to take advantage of before the year-end.

Category: Business & Corporate Tax