GTA Accounting Insights

Category: All Types of Businesses

Social Media Influencers and Taxes in Canada: What You Need to Know

As social media influencers become increasingly popular, the Canada Revenue Agency is starting to notice. Recently, there have been many cases where the CRA has demanded that social media influencers pay taxes on their income from online activities. This blog post will discuss what you need to know about taxes and social media in Canada.…
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Can You Claim Work from Home Expenses on Your Taxes in 2022?

In recent years, there has been a huge surge in the number of people working from home. The rise of technology has made it easier for people to telecommute and still be productive. As a result, more and more people are asking the question: can you claim work from home expenses on your taxes? The…
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Signs You Need a Bookkeeper In Canada

In Canada, small business owners are often responsible for managing their finances. While this can be a great way to learn about the inner workings of a business, it can also be overwhelming and time-consuming. A bookkeeper in Canada can help take some of the burdens of the business owner, allowing them to focus on…
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Why You Should Never Do Your Own Taxes

If you’re like most people, doing your own taxes is probably at the bottom of your list of things to do. It’s time-consuming, confusing, and can be a hassle. That’s why it’s a good idea to leave it to the professionals at a tax firm. At a tax firm, you can get help from experienced…
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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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The 13 Accounting Terms an Entrepreneur Should Know Before Starting Their Business

Starting a business is no easy task. There are many things to think about – from the product or service you’ll offer to the branding and marketing strategy you’ll use to get your name out there. But one of the most important aspects of any business is its accounting. Without good accounting practices in place,…
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