Category: Business & Corporate Tax

Legal Ways to Reduce Business Taxes in Canada

This short article will take you through the best legitimate methods to save business taxes in Canada.

Small Business Deductions – BNN Interview with Allan Madan

Watch this short interview with Allan Madan on small business deductions. Allan shares the best 5 tax deductions for small business owners with Mike, host of BNN, a leading Canadian business news agency.

What are the federal budget tax consequences?

Are you wondering about the federal budget tax consequences? This short article discusses how the 2013 federal budget affects small business owners and individuals like yourself, so if you wish to learn about how the latest Canadian budget increases taxes for small business owners and individuals, this is the place to be. Let’s get started.

What are the Tax planning tips for business owners?

This article is about tax planning tips for self employed individuals, and if you are a sole proprietor or an individual who is self employed and owns his/her corporation, then these tax tips for self employed individuals are for just you, so let’s get started.

Employer Identification Number (EIN) for companies in Canada, explained

An Employer Identification Number (EIN) is required for Canadian companies that do business in the US. If you have a business in Canada that is connected to the US, even in a small way, make sure that you read this article!

Tips to navigate independent contractor rules in business.

This article will take you through how to avoid the personal services business rules for IT contractors and independent consultants. If you are an IT contractor or independent consultant you should certainly read till the very end.

Tax Rules for IT Contractors and Consultants

Are you an IT contractor or a consultant working on a contract basis? If that’s you, you should be aware of how the personal services business rules impact IT contractors and consultants and their taxes. The PSB rules have changed, so it’s important that you go through this article.

Small Business Accounting Tips to Help You Save

In this interview excerpt we will be looking at how small business owners can be smart about keeping their debts and credits on the proper side of ledger. For some small business accounting tips we are joined by chartered accountant and tax specialist, Allan Madan.

5 reasons to have an accountant incorporate your business.

This video & article will take you through 5 reasons an accountant should incorporate your business, so here we go.

How to Prepare For a Tax Audit in Canada

This short article is about how to prepare for a tax audit in Canada. I’m going to give you 5 simple steps to follow at any CRA tax audit to make sure that you win.

Tips for Incorporation Canada

This article is about business tips for incorporation Canada. It is really important that you read this article if you are thinking of incorporating. I am going to tell you the pitfalls to avoid and the best practices to use for your incorporation. So, let’s get started.

How to Prepare a Simple HST Return – Part 2

In the second part of this series, we are going to look at how to prepare the Simple HST return using the quick method of accounting.

Fast HST Return – It’s Quick – Part 1

In this article we are going to look at the Quick HST Return method of accounting for fast HST return filing. This is part one of a two part series, and it shows you a very simplified way of figuring out how much HST you have to remit to the government.

Tax Loopholes for Small Business Owners in Canada

This article will take you through the tax loopholes for small business owners in Canada, and by the end of this article you should know enough about tax loopholes to save you a fair amount of money.

Converting a Sole Proprietorship to a Corporation

Just in case this is the first post of mine you’re reading, a little introduction is called for. I’m Allan Madan, a chartered accountant and tax expert in the Mississauga and Toronto regions of Ontario, Canada. This article is about converting a sole proprietorship to a corporation.

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