GTA Accounting Insights

Category: All Types of Businesses

Should You Hire In-House Accountants Or Outsource Your Corporate Taxes

We all know that Accounting plays a vital role in any business. You can not grow your business well if you don’t have a competent accountant to solve your corporate taxes. However, it might be difficult for a business owner to decide whether to hire an in-house full-time accountant or outsource the work. You have…
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How To Prepare If You Are Selling Your Business?

Selling your business could be a tough decision. You might have spent a lot of time and effort building it. There are various reasons why you could be selling it. You could be moving to something bigger and better, you could be in dire need of money, or you want to enter a different industry.…
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GTA Accounting Named a Top Accounting Firm by Clutch!

GTA Accounting is excited to announce that they have been ranked by Clutch as one of the top accounting firms in the world. We are a chartered professional accounting firm specializing in a wide range of services including but not limited to corporate tax returns, bookkeeping services, financial statements, and tax auditing, as well as…
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Lifetime Capital Gains Exemption

In 1986, the Lifetime Capital Gains Exemptions was introduced by the CRA. By understanding how it works and how to qualify for it, you can significantly lower your tax bill. We’ll take a look at how CGE works. Do you qualify for Capital Gains Exemption (CGE)? If you buy a capital asset for your business…
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What Business Owners Should Know About New Ontario Labour Laws

In 2017, we witnessed Ontario pass its largest labor bill in over ten years, known as the Bill 148. Bill 148 significantly amends Ontario’s Labor Relations Act (1995), Occupational Health and Safety Act, and Employment Standards Act (2000). Most of the laws in the bill came into effect January 1st, 2018, while others will be effected at different…
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Tax Strategies for Physicians in Canada

Doctors are among the busiest professionals you’ll ever find. Many of them lack the time and interest to start learning about the latest tax laws. In the middle of it all, they neglect a really important aspect of their professional life which is tax planning. Doctors can spend a lot of money on income taxes.…
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5 Rules for Choosing a Business Name

When starting a business, one of the most critical steps is choosing the right name. When you have a strong business name, it’s easier for you to draw attention to the brand without too much effort. It’s always a great idea to ask for people like your family and friends/colleagues to give opinions on some…
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