How to Expense Mileage, Entertainment and Meals in Canada
Tax write-offs are your best friend as a small business owner. The higher the deductions you have, the lower your taxable income and tax payable. How do you expense mileage, entertainment and meals in Canada?
Read More6 Office Related Tax Write Offs for Canadian Small Businesses
When you start a small business, every penny counts. Here are 6 office related tax write offs for Canadian Small Businesses that will help reduce your income tax bill.
Read More6 Basic Tax Write Offs in Canada for Small Business
As a small business owner, you want to take advantage of as many basic tax write offs in Canada as possible. Here is some low-hanging fruit that you should make sure you’re claiming come tax time.
Read MoreKnowing Your CRA Payroll Reporting Obligations
As a small business owner, the last thing you need is trouble with the CRA. Knowing your CRA payroll reporting obligations is vital to avoiding hefty fines in the future.
Read MoreSelf-Employed? How to Keep a Mileage Log for Vehicle Expenses in Canada
If you’re self-employed and use your car for business purposes, keeping a mileage log is important. Learn how to keep a mileage log for vehicle expenses in Canada.
Read MoreWhat Happens When You File Your Small Business Tax Return Late?
Preparing a tax return isn’t fun for most. It can be tempting to put it off. So, what happens if you file your small business taxes late?
Read MoreUnderstanding Canadian tax statements: T3, T4 and T5
Need some help understanding Canadian tax statements from an experienced accountant? Here’s a quick guide to the T3, T4 and T5.
Read MoreCanadian Taxes: A Guide to the T5013 Partnership Income Form
Partnership operators in Canada must file the T5013 partnership income form if their income is above a certain threshold. If you run a partnership, here is what you should know.
Read MoreWhat Healthcare Expenses are Tax Deductible in Canada?
If you’re a business owner and you are wondering what healthcare expenses are deductible in Canada, here are some key points to get you started.
Read MoreWhat to Do if You Make a Mistake on Your Tax Return in Canada
Have you ever hit “file” and then immediately thought, “uh-oh”. Here’s what
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