If you’re like most Canadians, you probably receive a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA) at some point during the year. The NOA is essentially the CRA’s way of telling you how much tax they believe you owe, and it can be quite confusing to understand if you’re not familiar with…

Running a business is hard enough – don’t make it harder by making common accounting mistakes. You can keep your business finances on track and avoid costly penalties and fines by avoiding these mistakes. Unfortunately, many businesses do just that. In this blog post, we will discuss the six worst accounting mistakes businesses make and…

If you are a business owner, one of the things you have to worry about is the Canada Revenue Agency (CRA). The CRA can review your tax returns at any time, and if they find something wrong, they can audit your business. In this article, we will discuss what happens when the CRA reviews and…

As a restaurant owner in Canada, it’s important to stay up-to-date on the latest changes in taxes. In 2022, several new taxes will be levied, and changes to existing tax laws. If you’re not sure how these changes will affect your business, it’s best to consult with an accounting firm or tax expert. They can…

As a freelancer in Canada, staying up-to-date on the latest tax laws is important. In 2022, there are several new changes that you need to be aware of. The accounting and tax firm GTA Accounting has put together a guide to help freelancers understand how the new tax laws will affect them. In this article,…

Self-employed people in Canada have a lot of tax benefits and deductions available to them. It is important to understand what they are to take advantage of these benefits. This article will provide an overview of Canada’s most common tax deductions and benefits for self-employed people. We will also provide information on how to apply…

In Canada, there are specific laws and regulations governing filing tax returns for couples. Married couples have several advantages when it comes to filing taxes, but there are also a few disadvantages to be aware of. In this article, we will explain everything you need to know about filing coupled tax returns in Canada in…

Tax season is here, which means small business owners need to consider how they can maximize their tax savings. There are a number of tax benefits available to small businesses, but the process of applying for them can be confusing. That’s where an accounting firm comes in. Tax experts at an accounting firm can help…

There are a lot of questions business owners have when it comes to incorporating their business. What are the pros and cons? How do you go about doing it? What are the advantages and disadvantages? Should you do it? In this blog post, we will answer all of those questions and more. We’ll discuss what…

Did you know that people can get several tax benefits in Canada? These benefits can include things like the GST/HST credit, the Child Tax Benefit, and the Working Income Tax Benefit. In this blog post, we will discuss all of these benefits and how people can apply for them. We will also talk about when…