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small business accountant Mississauga

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

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 picture of your business’s financial health and identify areas for growth. Partnering with an experienced small business accountant in Mississauga, like Madan CPA, can help simplify this process, reduce financial stress, and allow you to focus on growing your business. Read More

by MadanCA Team on November 16, 2024 @ 5:40 pm

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2015 Canadian Federal Election and Taxes

With the Canadian Federal Election coming up, it’s important to know where the three main parties stand in regards to both personal and corporate tax.

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Reducing Tax with Corporate Life Insurance

Business owners looking to save tax, and protect their assets should read this.  In this article, I will briefly explain how a corporate life insurance policy can be used to reduce taxes and creditor proof assets.

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Tax implications for Canadians working in the U.S.

Are you a Canadian who has a temporary work assignment in the United States?  If yes, then this video is for you. Keep reading to be aware of the relevant tax issues, including how to avoid double taxation.

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New tax rules for non-residents working in Canada explained

Are you a non-resident of Canada with a temporary job assignment in Canada?  If yes, then read this article to learn about your Canadian tax obligations.  The Canadian Federal Government has recently enforce new tax rules.

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How to Reduce Taxes on Earn-Outs in Canada

Earn-outs can be an effective way to earn additional money from the sale of your business based on its future financial performance.  This article will explain how earn-outs are taxed on the sale of a business in Canada.   Anyone who is planning to buy or sell a business should consider reading this.

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Reducing corporate tax with inter-corporate management fees.

Inter-corporate management fees can be an effective method to reduce overall corporate tax of a corporate group

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Canadians Working Abroad and Non-Residents – Tax Repercussions

As part of our ongoing efforts to better engage and provide value to our clients, we regularly conduct informational tax webinars. Our webinar on September 3, 2015 focused on tax implications for Canadian non-residents and those who work abroad. Situation 2: Some of the topics covered in this webinar includes: Residency analysis and determination factors … Continue reading Canadians Working Abroad and Non-Residents – Tax Repercussions

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Tax on Related Party Transactions

If you own multiple corporations by yourself or with family members, then this article is for you.  In this article, I will explain the tax treatment of transactions between related corporations.

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Key insights on transfer pricing for businesses.

Does your company do business with related foreign companies?  If the answer is yes, this article is for you.  I will briefly describe the Canadian transfer pricing issues that you need be aware of.

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Canadian Departure tax Rules

Who has to pay Departure Tax? Departure tax is levied by the Canada Revenue Agency (CRA) on individuals leaving Canada and severing their ties with Canada, either due to employment, business or any other reason. When do I have to file my departure tax return? Departure tax returns are regular returns that are due on … Continue reading Canadian Departure tax Rules

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