by Alex | Oct 20, 2017 | Tax tips
Federal tax proposal has recently gone viral from professionals to small business owners. I have been involved some discussion in the LinkedIn group and found a lot of healthy comments from professionals in various industries. What surprised me are that some obvious...
by Alex | Oct 17, 2017 | Tax tips
A lot of business owners are being advised to become a GST/HST registrant with their bookkeepers or accountants as most goods and services sold within Canada are subject to GST/HST. Once the account is registered, businesses start to collect GST/HST and file the...
by admin | Oct 16, 2017 | Tax tips
Non-resident may consider renting out the property In order to maintain a break-even cash flow. What’s the tax impact on a rental property then? As a non-resident of Canada, he/she can appoint a Canadian agent to submit 25% of the gross rental income withheld to the...
by Alex | Oct 13, 2017 | Tax tips
As the real estate market cools down quite a lot, flipping houses seems becoming so distant to us. This may be true but the pace that the Canada Revenue Agency conducts its audits on individual cases is not slowing down.Recently heard about one case that one taxpayer...
by admin | Oct 9, 2017 | Books + beyond, Tax tips
After incorporating the business, you may come up with the question how to select a fiscal year-end. You may be buried with a lot of filing deadlines already, HST, payroll and potentially WSIB monthly filing as well. How about your corporate income tax filing...
by admin | Oct 5, 2017 | Books + beyond
We all admire many startups’ entrepreneurial spirit. Those folks work hard and focus and try to solve the issue, kill the pain and make our world better. One of the key items on the startup business’ agenda is to get the funding. A lot of them love their dreams and...
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