business and corporate tax Archives

Fast HST Return – It’s Quick – Part 1 Watch Video

In this article we are going to look at the Quick HST Return method of accounting

Tax Loopholes for Small Business Owners in Canada Watch Video

This article will take you through the tax loopholes for small business owners in Canada,

Does the strategy of high dividends and low salaries limit our ability to contribute to RRSPs?

Yes, for two reasons. First, you will have to pay personal income tax on money withdrawn from your corporation to fund the RRSP contributions. Second, I expect your personal income tax to be very low, so the RRSP deduction will not be helpful to you.

I am currently a small business owner and I have been classified as an accelerated payroll remitter. What does this mean and what can I do to change the classification?

An accelerated payroll remitter is required to make bi-weekly payroll remittances the CRA. The government determines this classification based on financial information based on 2 years prior to current year. Contact us and we can assist you with the reclassification process.

Converting a Sole Proprietorship to a Corporation Watch Video

Just in case this is the first post of mine you’re reading, a little introduction is called for.

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

If you are a business owner or an employee who needs a car for work,

How To Become an Independent Contractor And Not an Employee Watch Video

The reason you want to become an independent contractor (i.e. self employed) and not an employee

How to Prepare Corporation Income Tax Return for Business in Canada Watch Video

If you need to prepare your corporation income tax return and plan to do so by yourself,

Dental Practice Taxes Canada Watch Video

If you are a dentist and are concerned about structuring your tax affairs properly, then you must read this article.

Do I charge GST or HST on the sale of goods and services to another province? Watch Video

“Do I charge GST or HST on sales to another province?” If you are a nationwide business,

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

The topic of this video is HST and how it impacts doctors, physicians, dentists

Management Buyout and Taxes in Canada Watch Video

What is a management buyout? A management buyout is where an employee or group of employees

Small Business Deductions in Canada Watch Video

Interested in how the small business deduction in Canada can save you money through a special tax rate?

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

Should I pay myself salary or dividends from my corporation?

HST for businesses in Ontario by Accountant Mississauga Oakville Watch Video

What is the HST for businesses in Ontario? If you are a business owner,

Tag: business and corporate tax