When running a small business, it is essential to know all the CRA deadlines, such as the Corporate tax deadline, HST deadline, and Payroll remittance deadline. CRA may apply costly interest and penalty to the owing amount when you miss the payment deadline, so it is...
Did you know that there are 1.15 million small businesses in Canada as of 2020? Suppose you are the business owner of one of these 1.15 million small businesses. In that case, you likely already understand that one of the most vital things that you should practice as...
Are you doing some tax planning or starting your own business? Whether you are a Canadian resident or a recent newcomer, educating yourself about the income tax rates in Canada is very important in both your personal and professional lives. As an independent...
Nowadays, 4k monitors are something common, which most people use on their laptops or desktops. And while most of the companies are doing a good job adapting their software for high DPI monitors, the Intuit ProFile lack such support. If you install ProFile to a...
Every year all Canadian residents have to put some time aside to prepare their taxes. For somebody who lives in Canada for many years, it is no longer a question, “how hard to file your taxes in Canada?” they already did it several times. But for somebody...
In Canada, like most of the countries, you have to pay taxes from the income provided by your job. But what happens when you do not have a job, do you still have to pay taxes? In short, you have to pay taxes from your income, and even if you do not have a job, most...
When filing your tax return, you can apply for various tax credits. Such credits can potentially reduce the amount of taxes you have to pay to the Canada Revenue Agency (CRA). What are refundable and non-refundable tax credits, and what is the difference between the...
