GTA Accounting Insights

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How You Can Work Outside Canada and Pay Taxes

Do you want to work outside of Canada but are worried about the tax implications? You’re not alone! Many people are curious about how working outside of Canada will impact their taxes. This blog post will discuss how to work outside of Canada and pay taxes. We will also look at how this may affect…
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Basic Bookkeeping for Small Business in Canada: The Ultimate Guide

If you are a small business owner in Canada, it is important to understand the bookkeeping basics. It will help you keep track of your expenses and revenues and ensure that your business operates efficiently. In this guide, You can find out the different aspects of bookkeeping and provide tips on maintaining accurate records. Let’s…
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SR&ED Tax Credits: Everything You Need to Know

If you are a business owner, you should be aware of the SR&ED tax credits. This is a government incentive that provides businesses with tax relief for research and development (R&D) expenses. The SR&ED tax credit program is very beneficial for businesses, as it can help reduce your taxes and increase your profits. In this…
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How to Claim Children in Your Taxes: Tax Benefits for Your Kids

Are you wondering how to claim children in your taxes this year? If you have children, there are several tax benefits that you may be able to take advantage of. Each situation is different, so it’s important to consult with an accounting firm or tax specialist to find out what tax breaks are available to…
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The Small Business Deduction in Canada: Everything You Need to Know

Do you own a small business in Canada? If that is the case, you may be eligible for the small business deduction. A tax deduction allows business owners to reduce their taxable income by a certain percentage. There are some tips on how to take advantage of this deduction to save money on your taxes!…
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10 Financial Statement Basics Every Business Owner Should Know

As a business owner, it’s important to understand the basics of financial statements. This will help you make sound financial decisions for your business and avoid potential pitfalls. In this blog post, we will discuss the ten most important things you need to know about financial statements. We’ll cover everything from balance sheets to cash…
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