Once you become a resident of Canada, you must report your worldwide income. World income is income from all sources in and outside of Canada. However, all or part of the income may be exempt from Canadian tax. This can happen if Canada has a tax treaty with the...
Living in Canada as an international student? Well, it might not be that bad. Having adjusted to the new environment, you should also know about your rights, your duties, and the benefits (in terms of tax savings) that you can render when filing taxes for...
A non-resident (for tax purposes) who has rental income must meet certain obligations to the Canadian Tax Agency (CRA). These tax obligations are the same regardless of whether the non-resident owns one rental house or more real estate in the country. However, they...
Starting a business in Canada can seem overwhelming at first glance. There are a few steps in the process, so it will be helpful to do this step by step. This guide is designed to help you fulfill your dream of becoming an entrepreneur. 1. Find a good business idea It...
While one is undertaking corporate tax planning, it advised to take help of a small business tax accountant so you may not overlook the options of probable tax cuts that only your accountant might be able to pinpoint. However, there are other easily understandable tax...
When filing your corporate tax returns, it is advisable to look into different ways to save taxes. While operating in Canada, it can deem stressful to pay a huge sum of tax, but a good corporate accountant will tell you to worry less. As per the CRA, there might still...
Many doctors use their practice to enjoy the same benefits as other self-employed professionals. They often undertake small business accounting. However, recent tax proposals affecting Canadian private companies may have significant implications for doctors with a...
Saving rental taxes have become an important concern as people find a lot of their income eroded. While paying taxes in Canada. If you are unsure of how this can be done, search tax accountant near me to get in touch with a tax accountant who might be able to help....
You have worked hard to build your business and create a profitable business. During the first few years, you may have stopped paying to reinvest in your business and grow your business. Now you may be at a point where your business has consolidated, and you are ready...
Gone are the days when people used to file their taxes with paper and pencil, struggling to understand the basic requirements of the form and its demands. At present, filing your tax online with the help of e-filing is easy to do and serves faster than other services....
