by admin | Nov 10, 2025 | Books + beyond
What is the current situation for restaurant owners in Canada or Toronto? Here is what’s going well, what’s challenging, and what to watch out for? And what you can plan as well. The overall commercial food-service sales in Canada recently reported rising by about...
by admin | Oct 14, 2025 | Personal tax tips
In Canada ,You must file a T1135 if you are a Canadian resident (for tax purposes) and at any time during the year you own specified foreign property with a total cost amount of more than CAD $100,000. This includes (but is not limited to): Funds held in foreign bank...
by admin | Oct 2, 2025 | Personal tax tips
在加拿大安大略省，许多父母希望通过生前把房产赠与成年子女来传承财富、减轻遗产处理的复杂度。然而，看似“无偿”的家庭安排在税务机关眼中却是一笔正式的资产处置交易（Disposition），可能触发多种税务与法律问题。本文将从资本利得税、土地转让税、遗产认证费三大方面入手，全面解释相关法规，并提供实用的规划策略。 在加拿大安大略省，这种看似“无偿”的行为，实际上可能涉及不少税务问题，包括： 资本利得税（Capital Gains Tax） 土地转让税（Land Transfer Tax） 遗产认证费（又称遗嘱认证税）（Probate）...
by admin | Sep 29, 2025 | Personal tax tips
Gifting real estate to adult children is a powerful way for parents to support the next generation and keep wealth within the family. However, in Ontario, this seemingly generous act can carry significant tax consequences, including capital gains tax, land transfer...
by admin | Sep 23, 2025 | Books + beyond
This is a real tax court case. A Self-Made Entrepreneur Theodora Dimou was a determined young entrepreneur in Toronto. Creative and energetic, she juggled three small unincorporated businesses during 2011–2013: * Dora’s Web World – a digital-services venture, * Just...
by admin | Oct 30, 2024 | Personal tax tips, Tax tips
In Canada, the tax rules for claiming childcare expenses deduction are as follows: Eligibility: You or another person may claim childcare expenses if the child is under 16 years old, or 18 years old if they have a physical or mental impairment. The expenses must be...
by admin | Oct 28, 2024 | Personal tax tips
Canada’s 2024 tax landscape introduces several updates affecting both individuals and businesses. Here are some key changes: Personal Income Tax Brackets and Basic Personal Amount: Federal tax brackets have been adjusted to account for inflation, allowing a modest...
by admin | Oct 27, 2024 | Personal tax tips, Tax tips
When a Canadian resident departs from Canada with the intent to live abroad, they may face specific tax implications, especially if they intend to sever their Canadian residency for tax purposes. Here’s a breakdown of the primary tax considerations: 1. Residency...
by admin | Oct 26, 2024 | Business analytics, Inspiration
Starting small, remaining adaptive, and leveraging available resources and programs can help your Canadian business not just launch but thrive. Let’s talk about this more in details. If you need deeper insight into any specific part of the process! Opening a...
by admin | Sep 25, 2023 | Corporate tax tips, Personal tax tips, Tax tips
Staying informed about tax updates is crucial for individuals and businesses to effectively manage their finances and comply with tax laws. Tax updates can encompass various changes, such as alterations to tax rates, adminstration procedures as well as reporting...
by admin | Jun 21, 2023 | Personal tax tips, Tax tips
这件税务案件才刚刚五月份完结，最近就在各大传媒广泛传播。 案件是这样的，一位李姓先生受雇于一家安大略数字公司。该公司在多伦多拥有并经营一家汽车经销商。李生同时在该车行担任两个高级职位–销售总经理和财务服务经理。在2015 和2016 这两年中，他每年的就业收入在110,000加元左右，其中包括每年75,000加元的佣金收入。联邦税务局在抽查个人税务时，拒绝了李生2015年和2016年纳税年度的55,945元和50,793元的有关就业支出。于是，李生提出了上诉。 这有关的就业支出主要包括助理工资，汽车费用和办公用品：...
by Alex | Jun 15, 2023 | Personal tax tips
Are you one of those people, who always ask ” can we pay less taxes this year” while reviewing their tax returns at the beginning of the year but after that, many of them put this question aside and forget about it. Reducing personal tax in Canada is a...
by admin | Jun 12, 2023 | Books + beyond
After the incorporation of a company, shareholders have various responsibilities and actions they can take. Here are some important steps for shareholders to consider: Review the Articles of Incorporation: Shareholders should familiarize themselves with the...
by admin | Mar 24, 2023 | Personal tax tips, Tax tips
Writing a wonderful business plan is an essential step for any entrepreneur looking to start or grow a business. Here are some steps you can follow to create a great business plan: Executive Summary: Start with an executive summary that outlines the key points of your...
by admin | Mar 14, 2023 | Personal tax tips, Tax tips
In Canada, spouses may choose to file their taxes separately for a variety of reasons, including: To reduce their overall tax burden: Depending on their individual incomes, deductions, and credits,filing separately may result in a lower total tax bill for the...
by admin | Mar 9, 2023 | Personal tax tips, Tax tips
It’s that time of year again when taxes are due and seniors are looking for ways to save money. For many, tax credits can provide a much-needed relief from the burden of filing taxes. Unfortunately, for some seniors, these tax credits are going to waste. Understanding...
by admin | Mar 9, 2023 | Personal tax tips, Tax tips
As a taxpayer in Canada, filing taxes can be a daunting task. It requires careful attention to detail and a thorough understanding of the rules and regulations.Even the most experienced filers can make mistakes that can lead to costly penalties or missed...
by admin | Mar 3, 2023 | Corporate tax tips, Personal tax tips, Tax tips
从生意/现金流的角度来看，拥有业务相关的汽车可能会为您节省一些钱。如果你把你的车放在你的公司名下，你有没有考虑过税收方面的问题？这里有几个因素需要考虑：您拥有的业务类型，您如何将车辆用于商业目的，以及您的个人税务情况。 企业类型：如果您是个体经营者或拥有一家小企业，您也许可以扣除与此相关的费用将您的车辆用于商业目的。但是，如果您作为一家公司运营，拥有车辆的税务影响可能会更加复杂. 您需要考虑故事的两个方面：公司和个人。此外，如果您的业务，一般来说，从行业的角度来看，如果在运营中不需要车辆，那么 CRA...
by admin | Feb 28, 2023 | Personal tax tips, Tax tips
As the pandemic continues, people across Ontario are wondering if they can take advantage of the new Staycation Tax Credit. Launched in March 2021, the tax credit is designed to provide a financial incentive to those who book staycations within Ontario for the year....
by admin | Feb 25, 2023 | Personal tax tips, Tax tips
Lift is not easy but we learn how to handle it well.As a single parent, managing your finances can be a challenge. With so many expenses and bills to pay, it can be difficult to make ends meet. Fortunately, the Canadian government offers certain tax credits that can...
by admin | Feb 25, 2023 | Books + beyond
撰写一份商业计划书可以帮助您明确商业目标、规划战略、吸引投资者、与团队共享愿景以及获得融资。一般来说，写商业计划书有以下几个重要原因： 为制定定义商业目标和战略服务：商业计划书是一个有组织、系统和清晰的文件，它可以帮助您定义您的商业目标、愿景、战略和计划。它可以帮助您思考未来，并规划您的行动方向。 确定商业模型：商业计划书可以帮助您确定您的商业模型，包括收入来源、成本结构和盈利模式。这有助于您理解您的商业模式是否可行、盈利能力如何以及需要哪些资源来支持您的商业模式。...
by admin | Feb 24, 2023 | Personal tax tips, Tax tips |
Caring for a disabled parent can be a tremendous source of stress for both the parent and their caregiver. With the right support, however, disabled parents can enjoy a more fulfilling life, and the caregiver can find joy and satisfaction in their work. Fortunately,...
by Alex | Feb 21, 2023 | Personal tax tips, Tax tips
For many people, leaving Canada to work or live in another country does not mean tax obligation has ended with Canada. Here are some tax tips for you, who still own rental properties in Canada. Understand the tax implications of owning Canadian real estate:...
by Alex | Feb 3, 2023 | Personal tax tips
There’s no escaping it. These are challenging times for you in filing personal taxes, given the changes in tax as well as uncertainties in the market. Here is the summary of tax tips that put you in a comfort seat when filing your 2022 personal tax. (I mean 2022...
by admin | Jan 9, 2023 | Corporate tax tips, Personal tax tips
For 2023, other than the inflation, housing market and investment, here are some tax updates that you may be interested to know. For most of tax payers Basic personal amount: The amount of income that an individual can earn without paying any federal tax. The basic...
by Alex | Sep 29, 2020 | Corporate tax tips
政府对雇主的工资补贴（CEWS）与其他新的政府福利金一样都在疫情爆发期间提供。政府的目标很明确。它是为合资格的雇主提供经济援助，用以回聘而被解雇的雇员，并使这些企业处能与更快恢复到疫情前的状态。但从会计师的角度来看，我们总会问一个问题：这究竟要花国库多少钱呢？根据国会预算官员最近的出版物，CEWS的总净成本估计为592亿元，这是基于从2020年3月15日至2020年12月19日的十个为期四周的补贴的预算。为了继续抗击新冠疫情，支持经济、社会恢复等工作，政府是决心确保将补贴尽快交付给企业。在最近的国会复会中，政府承诺扩大对企业的支持，并...
by admin | Sep 21, 2020 | Corporate tax tips
CEWS, like other new government benefits programs have been created during the COVID-19 outbreak. The goal is clear. It is to provide qualified employers with financial assistance to hire back employees that were previously laid off due to the Pandemic and put...
by admin | Mar 3, 2019 | Books + beyond, Business analytics |
许多小企业的老板对商业融资的过程都有一定的了解。当银行经理开始审核贷款申请时，他们对以下几个部分非常感兴趣： 商业计划书 如何稳操胜券，必定从前期计划开始。对企业来说，因为商业计划书可以用于指定开展业务的许多关键方面，所以也是一个非常有效的工具。精心准备的商业计划书同时可以帮助银行经理或贷款方了解当前或未来的任何融资需求，并相应地为融资做准备。 style="display:block; text-align:center;" data-ad-layout="in-article" data-ad-format="fluid"...
by admin | Aug 7, 2018 | Personal tax tips, Tax tips
I have been asked for answers on Canadian non-residents disposing real property. What’s the tax implication? Well, nothing is more complex than tax in Canada. Particularly, non-resident tax. I will try to explain more in details here. Generally, Canadian income...
by Alex | Feb 16, 2018 | Corporate tax tips, Personal tax tips, Tax tips
许多人听到税务评估或收到税局的评估的信件后，就开始担心，不知道该怎么办才好，晚上还睡不好觉。有解决方案吗？有，让我们来先了解一下加拿大的税务评估吧。 什么是税务评估呢？ 加拿大税务局指出税务评估是为了提高大众对税务法规条例的认识和遵守。一般来说，个人所得税的正常评估期是从最初税局寄出评估报税表之日起三年内。这就是说，如果您在2018年4月30日（记住要准时哦！）提交2017年所得税，CRA将在2018年6月1日发出初始评估通知，重新评估期将持续到2021年6月1日。 三年过后，就可以安枕无忧吗？...
by admin | Jan 28, 2018 | Personal tax tips, Tax tips
在加拿大， 当你成为税务居民后，所有的净收入都要申报给税局。我们常说的海外资产申报就是其中一项重要的申报。它包括了以下内容： 被动投资性的海外资产(如存款,房产，债权等）的申报 – T1135 海外隶属公司的申报 – T1134 海外信托有资产交易的申报 – T1141 和T1142 我们今天讲的就是T1134 -海外隶属公司的申报. 为什么会有这些申报呢？...
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