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It is critical to understand the tax and legal implications arising from the death of a TFSA account holder and how this might affect your loved one.
Dentists and dental surgeons can take advantage of incorporating the practice. However, a professional corporation needs to comply with various regulatory requirements and standards. Here is how it works!
Doctors and physicians can take advantage of incorporating the practice. However, a professional corporation needs to comply with various regulatory requirements and standards. Here is how it works!
As you are running your business it is pertinent to file tax as per the norms and at the same time to pay taxes on
Unfiled taxes, unreported income?? The CRA’s voluntary disclosure program (VDP) is your chance. This provides relief from possible interest, penalties and other consequences. However, If the CRA reaches you before you go to the CRA, then you no longer qualify for the VDP.
Unless you have prior experience and proper training in taxation, it is imperative that you hire a professional for the said task. In Canada, you
On Dec 14, 2021, a new Compilation Report is going to replace Notice to Reader. This time, your accountant will ask much more questions before issuing the report, as under the new standard the accountant is required to make sure that information does not look “misleading”.
Can a business deduct home office expenses? What expenses are deductible as per the CRA, how to calculate, and what is the maximum allowed?
Two things are certain in life, death, and taxes. Therefore, no business can avoid taxes, but many legal approaches can increase your deductible expense and
Correct incorporation structure is the first step towards any business success story. Wrong documentation can cause legal and tax complications later and cost a lot. Before you incorporate, make sure you fully understand different options, legal requirements and their implications.
