Bookkeeping Myths vs. Reality: Avoiding Costly Mistakes
January 16, 2025
Bookkeeping is essential for any successful business, but even small mistakes can lead to costly penalties and stress. While managing
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Bookkeeping is essential for any successful business, but even small mistakes can lead to costly penalties and stress. While managing
Business expenses are vital for the successful operation of any business. In Canada, specific rules govern what qualifies as tax-deductible
A corporation is required to file its corporate tax return (T2 return) with the CRA within six months of its
As you generate investment income through a Canadian corporation, it is imperative to understand how to manage it tax-efficiently to
Section 87 allows Canadian corporations to merge on a tax-deferred basis, reducing costs, simplifying administration, and achieving tax planning goals.
Whether to buy or lease a car for your Canadian corporation depends on various factors and personal preferences, such as
Effective June 20, 2024, the Government of Canada has designated Psychotherapy and Counseling Therapy Services HST/GST exempt. While this makes
One of the most common questions among corporation owners is whether to purchase vehicles under the company’s name or personally.
A family trust is a powerful tool for tax and estate planning. By setting up a trust, you can reduce
