We all get those dreaded brown envelopes from the CRA sometimes, and I can't blame you for not wanting to open it right away. However, that is the worst thing you can do! Bite the bullet and open that letter TODAY.
We all get those dreaded brown envelopes from the CRA sometimes, and I can't blame you for not wanting to open it right away. However, that is the worst thing you can do! Bite the bullet and open that letter TODAY.
Do you collect GST credits? You could be in for a pleasant surprise!
Running your business as a corporation has lots of benefits, but it exposes you to significant risk if you only have a small number of clients. If you meet certain requirements, you could be classified as a PSB, resulting in paying nearly 45% in corporate tax!
Are you getting an extension on your CEBA loan repayment? If you are or think you have, you should receive a confirmation that looks something like this one.
CEBA Loans just got a revised deadline. You've got lots of time, but what if you still can't make it? You could end up owing tens of thousands of dollars! Take advantage of the revised deadline and save big.
Last week discussed legal income splitting with your partner to save on taxes. This is all great, but if you wait until the end of the tax year it will be too late! Get a head start on your tax preparation today to save as much as you can.
Splitting income with your partner can be very beneficial in a lot of different ways! Are you taking advantage of it correctly? Find out which way works best for you.
Do you like to flip houses? It can be an excellent source of income, but the CRA has been proposing a number of changes that could affect you. Make sure you're prepared!
CEBA loan repayments have been extended for some businesses. But who's eligible? Are there any penalties for using the extension? What about HST payments -- how often do I have to make those? All those answers and more are a click away...
