by Webtax Webtax | Feb 14, 2019 | small business tax accountants, tax
-By Maha Rehman- Filing a tax return is essential if you live in Canada. If you don’t have all your tax documents up to date you can run into a lot of trouble and be forced to pay certain penalties. Since most people are far too busy to keep up with their taxes... 
by Webtax Webtax | Dec 10, 2018 | small business tax accountants, Uncategorized
Did you know that the average Canadian-including small business owners in Canada- pay 42.5% of their income in taxes? That’s a lot of money. There are many expenses which small businesses can write-off in order to cut down on their taxes. If you run a business... 
by Webtax Webtax | Jul 12, 2018 | Accounting, small business tax accountants, tax
The answer to ‘how much GST/HST do I pay?’ depends on which province you live in. Goods and services taxes (GST), Harmonized sales taxes (HST), Provincial sales tax (PST), and Quebec sales tax (QST) are all forms of taxes which are charged by the... 
by Webtax Webtax | Jun 29, 2018 | small business tax accountants, tax, tax planning
There have been many cases when individuals file their tax return and after filing it they realize they made one or more errors regarding the numbers they submitted. If you have made a mistake you do not have to panic or worry. The CRA is very open to... 
by Webtax Webtax | Jun 29, 2018 | small business tax accountants, tax, tax planning
Tax evasion and tax cheating are considered serious crimes in Canada. If you get caught with false information on your tax return which has been clearly fabricated intentionally then you will be forced to pay hefty fines and depending on how severe the fabrication was... 
by Webtax Webtax | Jun 29, 2018 | chartered accountants in Canada, small business tax accountants, tax, tax planning, Uncategorized
If you own a business there are many tax deductions you are eligible for. Most business owners are aware that they can claim a few tax deductions, but the majority of them are not familiar with the different deductions which are available for them. There are many... 