![Heaader1SourceAccount[3148]](https://sourceaccounting.ca/wp-content/uploads/2021/11/Heaader1SourceAccount3148-2048x289.png)
Navigating HST/GST-related questions can be a challenge, even for seasoned business owners. The lack of clarity can result in significant consequences, including bills from the CRA for uncollected taxes, coupled with interest and penalties. It is crucial to have a comprehensive understanding of your obligations regarding HST/GST.
The death of a taxpayer can result in additional tax liabilities, potentially creating financial challenges for surviving families. In this article, we explore the tax implications of a taxpayer’s death and the associated filing requirements.
Employers need to hire good talent and, pay them correctly and timely. Here are various responsibilities and choices employers have when it comes to payroll. Remember you are not just dealing with your employees; you are dealing with multiple stakeholders like CRA, WSIB, Employee Health Tax, Ministry of Labor, employees, and their lawyers, to name a few.
Congratulations, you have decided to take a difficult and bold decision to start your business which opens the doors for potential big rewards. Of course,
Corporate Law: Ontario removes director residency requirement & reliefs shareholder resolutions in writing -making it easy to incorporate & operate in Ontario
As a CPA firm in GTA, our team specializes in small and medium-sized businesses and is a highly trusted tax firm in Toronto (as reflected by hundreds
Various tax planning and income-splitting strategies can be used by incorporated and non-incorporated businesses to lower the tax bill.
Incorporating as a Personal Real Estate Corporation (PREC) is the first step of tax planning for a realtor, not the end. A realtor must have at least a basic understanding of what expenses are allowed under tax law!
Medical doctor services are generally exempt from HST/GST under the Excise Tax Act. However, physicians provide certain services that fall beyond the scope of “medical services”, and these services are subject to HST/GST.
In this article, we will briefly discuss the taxable supplies and the exempt supplies for physicians.
Personal income tax (T1) return: You need to file a personal (T1) return, also knows as Income Tax & Benefit return, if you: 1. Have
