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 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...
by Sebastien Prost, CPA | Nov 21, 2023 | Corporate Tax, Personal Tax
How to Pay Yourself From Your Corporation Canada As a small business owner in Canada, one of the critical decisions you need to make is how to pay yourself from your corporation. Should you opt for a salary or dividends, or perhaps a combination of both? This...
by Sebastien Prost, CPA | Nov 6, 2023 | Corporate Tax, Personal Tax, Sales Tax
HST Filing: A Comprehensive Guide to Filing Your GST/HST Return Online Introduction If you are a business owner in Canada, it is essential to understand how to collect and remit the Goods and Services Tax (GST) or Harmonized Sales Tax (HST) to the government. Filing...
by Sebastien Prost, CPA | Nov 3, 2023 | Corporate Tax, Personal Tax
Tax Filing Deadlines in Canada: A Comprehensive Guide Tax season can be a stressful time for individuals and businesses alike. It’s important to stay organized and informed about the various tax filing deadlines in Canada to avoid penalties and ensure a smooth...
