Financial Planning

Get tips on planning your fiscal year and being ready to take advantage of opportunities to lower your tax debt.

If you are a selected listed financial institution that is making a reporting entity, consolidated filing or tax adjustment transfer election, see GST/HST Notice 265, GST/HST Registration for Listed Financial Institutions (including Selected Listed Financial Institutions). Read More Original Article Source Credits: CANADA , Article Written By : NA Original Article Posted on : 2019-05-14 Link to Original Article:

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When to register for and start charging the GST/HST

The Business Limit relates to income tax deductions available to Canadian corporations when filing Canadian corporate tax with the Canada Revenue Agency (CRA). The Business Limit is a set dollar amount that defines a cap on the amount of Small Business Deduction (SBD) a Canadian corporation may receive. Read More Original Article Source Credits: The Balance Small Business ,

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The Small Business Deduction Business Limit in Canada

Added screening measures are being implemented in hopes of weeding out anyone who applies for the federal government’s three new COVID-19 benefits but isn’t actually eligible, a measure that comes after concerns that some individuals may have previously tried scamming the system.   Read More   Original Article Source Credits:   CTV News ,   Article

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The new COVID-19 benefits that begin today may take a while to arrive

The CRA’s digital services make it easier to manage your business’ tax and benefit affairs from home. Our online tools can help you through the COVID-19 crisis and beyond.   Register for My Business Account to easily view and manage your business’ tax affairs. Thousands of businesses have signed up for My Business Account to make it easier to

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The CRA has extended filing deadlines for corporations and trusts

Every business needs to keep reliable, accurate bookkeeping records in order to know their costs, which is essential in order to have a profitable business, and minimize their taxes payable.   Read More   Original Article Source Credits: taxtips,   Article Written By: NA     Original Article Posted on: December 28, 2020    Link to Original Article:

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Records Retention