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...
Are you self-employed and living in Canada? Here are Six top tax-saving strategies for self-employed, recommended by Toronto accounting firms. Many self-employed and business owners prefer to hire professionals for their tax-related queries; they have thorough...
Real estate taxes are pretty much the same as property taxes – one can be treated as the sub-head of the other for the sake of understanding. The key difference between real estate taxes and property taxes is that real estate taxes only apply to the land of houses;...
We all can agree to one thing: all physicians have very big expenses looming on their heads, i.e., the income tax, eating up at least 35% of their incomes. Struggling between earning a decent livelihood, attracting enough customers, and being able to save...
So, you own a small business, and we’re here to help you with some strategies to assist in your year-end tax planning. The two major challenges that you are going to face are tax and succession planning (Succession refers to nominating the next of kin for the...
Many businesses owns in Canada prefer to incorporate their business instead of operating as a sole proprietor because of the many tax benefits attached with business incorporations, the four most significant tax benefits of business incorporations are the following:...
