The runup to launching a small business is an exciting time for entrepreneurs. Once a strategy is created and goals and objectives are set, planning shouldn’t stop there. According to experts, there are numerous, often-overlooked minute details that can make the difference between smooth sailing or rough waters in the future. Read More Original Article Source Credits: CPA
This checklist is for people like you who are starting a business. Using the links below, you can get information about your fiscal obligations and their implications. You can also get information on interactions between your business and the Canada Revenue Agency (CRA).
Paying your debt all at once, and in full, helps you avoid interest and other legal and financial consequences. However, if you cannot pay the full amount now, there are options for you. Ignoring your debt does not make it go away. The Canada Revenue Agency (CRA) will work with you to resolve your debt. Read More Original
Starting with the 2004 tax year, disability supports expenses (including attendant care expenses) may be claimed as a deduction from income on lthe personal tax return. Read More Original Article Source Credits: Taxtips , https://www.taxtips.ca/ Article Written By: NA Original Article Posted on: May 01, 2021 Link to Original Article: https://www.taxtips.ca/filing/disabilitysupports.htm
No matter where you stand in your financial life, it’s never a bad time to look at your readiness for retirement. But planning for those “golden years” with a spouse or common-law partner is naturally more intricate than doing so alone, particularly if you want to use equalizing income strategies that maximize savings and tax breaks. Read
The double-entry bookkeeping system is commonly used in the accounting and business world to help companies keep track of financial transactions and inventory. Double-entry accounting is simply using two entries for every transaction that takes place, so that one account is credited while a corresponding account is debited for the same amount. These types of
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