Category: Business & Corporate Tax

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.

Is it better to lease or buy a car for a business in Canada?

Français If you are a business owner or an employee who needs a car for work, you should know whether it’s more tax efficient to lease or buy a car for a business in Canada. If your company provides you with a car check out these tax implication for that situation. There are several steps … Continue reading Is it better to lease or buy a car for a business in Canada?

How To Become an Independent Contractor And Not an Employee

The reason you want to become an independent contractor (i.e. self employed) and not an employee is because independent contractors have more tax write-offs and pay much lower taxes than employees.

Preparing Corporation Income Tax Returns in Canada

Français If you need to prepare your corporation income tax return and plan to do so by yourself, check out the Step-by-step instructions provided in this article, making the corporate tax return preparation process pain-free. If you are self employed and looking for a guide on how to complete your personal income tax return, check out … Continue reading Preparing Corporation Income Tax Returns in Canada

Dental Practice Taxes Canada

If you are a dentist and are concerned about structuring your tax affairs properly, then you must read this article. In this article, I discuss the tax implications of the three different types of tax structures for dental practices.

GST/HST on interprovincial sales of goods and services

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HST for physicians, doctors, dentists and medical practitioners in Canada

The topic of this video is HST and how it impacts doctors, physicians, dentists and other medical practitioners in the province of Ontario and across Canada.

Management Buyout and Taxes in Canada

What is a management buyout? A management buyout is where an employee or group of employees of a business buys the business from their employer who is also the owner of the business. This video discusses the three most common ways that a management buyout is carried-out.

Small Business Deductions in Canada

Interested in how the small business deduction in Canada can save you money through a special tax rate? If so, we’re here to help!

Should I pay myself salary or dividends as a business owner?

Should I pay myself salary or dividends from my corporation? This is a very common question that I encounter in my accounting practice in Mississauga, and the answer can make a big difference in your bottom line.

HST for businesses in Ontario by Accountant Mississauga Oakville

What is the HST for businesses in Ontario? If you are a business owner, it is very important that you read this article because HST for businesses in Ontario came into effect on July 1st, 2010 and will certainly impact your business.

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