by Webtax Admin | Jul 3, 2022 | Accounting, tax, tax planning
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...
by Webtax Admin | Jul 3, 2022 | tax, tax planning
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...
by Webtax Admin | Jul 2, 2022 | tax, tax planning
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...
by Webtax Admin | Mar 20, 2022 | Accounting, chartered accountants in Canada, tax, tax planning
Want to open a food restaurant but worried about the long list of taxes? Don’t worry because there are numerous ways in which the corporate tax can be reduced, and the company’s money can be saved. Running a successful restaurant business has never been...
by Webtax Admin | Mar 13, 2022 | Accounting, small business tax accountants, tax, tax planning
Covid-19 has had a huge impact on businesses not just in Canada but across the world. The current circumstances have been unpredictable for those paying corporate taxes; many want to know whether or not they can claim home office expenses. Small business accountants...
by Webtax Admin | Mar 6, 2022 | small business tax accountants, tax, tax planning, Tax savings for self-employed Canadians
If you are a small IT consultant business in Canada, there are a number of ways you can reduce the expenditure of your corporate tax or business tax lawfully. This article provides information in relation to the strategies that can be used to decrease your business...
