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?
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6 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.
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6 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.
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Knowing 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.
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Self-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.
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What 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?
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Understanding 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.
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Canadian 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.
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What 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.
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What 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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