Featured Articles

5 Key Factors in Choosing a Business Structure

Choosing the right business structure in Canada

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 risks. In this article, we’ll weigh the pros and cons of each business structure option in Canada: sole proprietorship, corporation, partnership, and co-operative based on 5 key factors. Read More

Written by MadanCA Team on December 10, 2024 @ 11:51 pm
Filed under:

All Articles Posts

Foreign Property Reporting for Canadians

As Canadians, we are very active in the global economy. In fact, many Canadians have foreign investments in countries from the United States to China. This article explains the foreign property reporting requirements that Canadians have with the Canada Revenue Agency. Foreign Property Reporting to the CRA Individuals looking to grow their wealth will often … Continue reading Foreign Property Reporting for Canadians

Hits: 2811 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

What to Know About Income Tax Preparation in Toronto

Most Canadians around this time of the year are stressing about their taxes. If you do not possess an extensive tax background then calculating your personal taxes can be frightening. After reading this article you will discover the best approach to income tax preparation in Toronto. Background All Canadians not just Torontonians must file income … Continue reading What to Know About Income Tax Preparation in Toronto

Tagged In:  
Hits: 5645 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

New Year Prediction for Property Sale in Canada

The Prairie sales forecast is also on the rise. Alberta and British Columbia are the provinces according to CREA, where its annual sales will supposedly rise as compared to the previous year. Prediction for National Activity: Next year, 2014, will witness national activity reach 465,600 units with a 3.5% rebound while keeping within its average … Continue reading New Year Prediction for Property Sale in Canada

Tagged In:  
Hits: 1427 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Why Should Corporations Consider Amalgamation or Merger?

An amalgamation, or merger, involves combining two or more corporations into one entity. Amalgamations are sometimes performed during purchase of a business and also often as part of reorganization. This article discusses the many advantages of amalgamation. Advantage #1: Synergy Amalgamation of multiples companies into one entity can result in greater success due to increase … Continue reading Why Should Corporations Consider Amalgamation or Merger?

Hits: 6184 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

What You Need to Do For Personal Service Business

The Final Nail in the Coffin for Personal Service Business? What You Can Do to Fight Back Tax advantages and deferrals amongst corporations is nothing new, so it is no surprise that Bill C-48 which received royal assent on June 26, 2013 would have looming implications for many businesses including personal service businesses (PSB). This … Continue reading What You Need to Do For Personal Service Business

Hits: 3873 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
2 Comments | Continue reading

How to Complete Form T2125 for a Sole Proprietor

With tax season rapidly approaching everyone wants to know the most efficient way to complete their taxes. While getting taxes done quickly is beneficial to most, you could miss out on important savings that may be available. Through this quick tax tutorial designed for business owners, one can expect to learn which form to complete … Continue reading How to Complete Form T2125 for a Sole Proprietor

Tagged In:  
Hits: 15846 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
21 Comments | Continue reading

Unique Tax Ideas for Small Businesses

Every serious entrepreneur understands that cash is the bloodline of their business. While they look at all areas of operation for ways to cut costs and protect their cash flow, they should be aware that smart tax planning can greatly assist their business. Below, I have explained unique tax ideas that you, as a small … Continue reading Unique Tax Ideas for Small Businesses

Hits: 1612 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Do non-residents of Canada pay capital gains tax?

Non-residents of Canada are required to pay tax on capital gains resulting from the sale of Canadian real estate. Failure to do so can result in huge penalties levied by the CRA. Sale of Canadian Real Estate by Non-residents of Canada Under Section 116 of the Income Tax Act, non residents who sell Canadian real … Continue reading Do non-residents of Canada pay capital gains tax?

Hits: 32892 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
28 Comments | Continue reading

What tax refunds and benefits am I eligible for?

Understanding Your Benefits and What Tax Refunds You Are Eligible For: The Simple Guide to Improving Your Economic Well-being Benjamin Franklin once said “In this world nothing can be said to be certain, except death and taxes”. His point remains as relevant today as it was in the 18th century, everybody hates taxes (except the … Continue reading What tax refunds and benefits am I eligible for?

Tagged In:  
Hits: 5179 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Minimizing Capital Gains Tax

A lot of people pay way more tax more than they need to on net capital gains. Most people do not realize there are a few ways to reduce and sometimes eliminate capital gains altogether. In this article I will talk about a few different, but simple ways you can reduce your capital gains tax … Continue reading Minimizing Capital Gains Tax

Tagged In:  
Hits: 1208 |  
Rated this entry. 1 Star2 Stars3 Stars4 Stars5 Stars
Loading...
0 Comments | Continue reading

Free Online Tax Assessment

Save on Personal Taxes with this Incredible tool!

Save on thousands of dollars every year on personal taxes with this Incredible, FREE tool!

SAVE TAX NOW

Pin It on Pinterest

Share This