Are you an Independent Contractor or Personal Services Business?
September 26, 2023
Dear contractor, beware of the dire consequences of being classified as a PSB by the CRA! You may be subject
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Dear contractor, beware of the dire consequences of being classified as a PSB by the CRA! You may be subject
Under current tax laws of Canada, only a portion of the capital gain is included in taxable income, while business
Before filing your personal tax return, it is important to assess your tax situation and understand what options (deduction, credits
Transferring property from personal ownership or one corporation to another in Canada can trigger capital gains tax on the perceived
Foreign Income Verification –All taxpayers (individuals, corporations, partnerships, and trusts) who, at any time during the year, owned specified foreign
Self-employed physicians, medical professionals, pharmacy owners, clinics, etc., can claim an array of expenses compared to “employed” professionals. This article
The lifetime capital gain exemption limit permits owners of ‘qualified’ Canadian corporations to sell their shares and qualify for an
When a corporation realizes a capital gain, 50% of that gain is included in the corporation’s taxable income and is
Explore top bookkeeping software for Canadian SMEs. Compare QuickBooks, Xero, Sage, FreshBooks, and Wave. Learn how a CPA complements these
