TTT: New COVID Benefits
Simon Gladstone2021-10-28T22:05:50-04:00COVID is still with us, but fortunately so is the Canadian Government. There is a new wave of changes coming to their COVID-related subsidies; make sure you're in the know!
COVID is still with us, but fortunately so is the Canadian Government. There is a new wave of changes coming to their COVID-related subsidies; make sure you're in the know!
Did you know that you can claim partial use of your vehicle for business on your taxes! You sure can. You just need to keep some meticulous logs of what you do with your vehicle for your business! It can be complicated, but we are here to help.
How much tax do you have to pay? Do you have to pay any at all? How do you figure it out ahead of time? This is fairly simple if you only have one job, but there are lots of circumstances where it might be more difficult. Learn more now.
Tax returns can be full of surprises, and sometimes they're not the happy kind. There might not be a lot you can do about it even ahead of time, but it's always a good idea to double check your options!
Don't panic if you get an envelope from the CRA! Review Notices are common, especially this year. It is just the CRA asking you to provide some documentation to support claims you made on your tax return. They are usually very simple -- just read the letter carefully.
Did you know that the CRA has online self-service portals where you can review and edit your tax information? They are incredibly useful and are essential in some cases. But they take a while to set up, so don't wait until you actually need it! Get MyCRA today.
Give back to your employees and save a few bucks while you're at it! Every employee enjoys having health benefits with their job. It relieves a lot of financial stress, and improves employee loyalty. Find out how today.
Got medical bills? Don't we all. As a business owner, these bills can really add up without insurance. Learn how to get your business paying for these bills with pre-tax dollars instead!
Wouldn't your business sound better with "Inc." at the end of it? It sure sounds more professional, right? Incorporating is a lot more complicated than just the name, though. Find out what it takes and why you should consider it here.
Did you start a small business during the pandemic? Good for you! Or maybe you already had one. Regardless, bookkeeping is one of the tedious things that you absolutely must do. Don't fall behind! Learn what you have to do.