by Sebastien Prost, CPA | Jan 25, 2024 | Corporate Tax, Personal Tax
Operating a home-based business in Canada offers a variety of tax advantages that can significantly benefit entrepreneurs. These benefits are designed to encourage small business growth and provide financial relief to individuals who choose to work from their...
by Sebastien Prost, CPA | Dec 30, 2023 | Corporate Tax
Corporate tax planning is an essential aspect of managing a business in Canada. With ever-changing tax laws, it is crucial for companies to stay updated and implement effective strategies to minimize their tax burden, improve cash flow, and manage resources more...
by Sebastien Prost, CPA | Dec 27, 2023 | Corporate Tax
A Capital Dividend Account (CDA) is a unique tax account available to private corporations in Canada. It serves as a tool for tracking tax-free surpluses accumulated over time, such as proceeds from the sale of capital assets and capital gains. These surpluses can be...
by Sebastien Prost, CPA | Dec 18, 2023 | Corporate Tax
Canadian corporate tax rates vary by province, reflecting the diverse economic landscapes and policy priorities across the country. These differential rates play a significant role in the financial decisions made by businesses operating in Canada. As businesses...
by Sebastien Prost, CPA | Dec 6, 2023 | Corporate Tax, CRA, Personal Tax
In Canada, tax reporting involves various forms, each serving a unique purpose for taxpayers and the Canada Revenue Agency (CRA). Among these are the T3, T4, T4A, and T5 slips, which are essential for individual tax filing. These slips are all different in the...
by Sebastien Prost, CPA | Dec 3, 2023 | Corporate Tax, Personal Tax
Canadian taxpayers with international interests must navigate Form T1135, also known as the Foreign Income Verification Statement. This form is crucial for individuals, corporations, certain trusts, and partnerships within Canada who hold specified foreign property...