by Alex | Aug 18, 2020 | Corporate tax tips, Personal tax tips
Regularly working from home due to the COVID-19 pandemic has become a new norm. As a shareholder, you work extremely hard to ensure the business is on the right track. Also, you are one of the employees, who may incur employment expenses as well. So, what you need to...
by admin | Feb 4, 2020 | Personal tax tips, Tax tips
It’s time for the reminder for all individuals who are eligible for making RRSP contribution. For 2019 taxation year, the deadline is March 2,2020. Here are a few strategies that help you understand the benefit of RRSP contribution. Strategy #1: Please make RRSP...
by admin | May 8, 2019 | Personal tax tips, Tax tips
Reporting income generated from the rental property seems straight forward. If your rental expenses are more than your gross rental income, then you will have a rental loss. Simple! The beautiful thing is, if you incur the expenses to earn income, you can deduct your...
by admin | Oct 1, 2018 | Corporate tax tips, Personal tax tips, Tax tips
When talking about the deductible business expense when running a business, business owners are sometimes confused. Today we are going to clarify the confusion. Generally speaking, any reasonable expenses you incur for the business to earn income are...
by admin | Sep 19, 2018 | Corporate tax tips, Personal tax tips, Tax tips
No doubt, GST/HST once again. We are back to the basics. GST/HST is part of sales tax compliance programs that are monitored by the CRA. The basic question that many businesses would ask at the beginning when they start the businesses. When it is the time to register...
by admin | Sep 10, 2018 | Corporate tax tips, Personal tax tips, Tax tips
To give is more than to receive. Making donations to a charity for good causes is always appreciated. When it comes to whether to make donations through corporation or personally, business owners are confused as it is not that straight/easy to understand. Sometimes it...
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