GTA Accounting Insights

Category: All Types of Businesses

CRA Reviews and Audits: What to Expect

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…
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Everything a Restaurant Owner Needs to Know About Taxes in Canada in 2022

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…
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Everything You Need to Know About Taxes as a Freelancer in Canada in 2022

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,…
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Tax Deductions and Benefits for Self-Employed People in Canada in 2022

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…
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Everything You Should Know about Filing Coupled Tax Returns in Canada in 2022

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…
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Tax Benefits for a Small Business: How to Maximize Your Savings

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…
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What Are The Pros and Cons of Incorporating a Business? All You Need to Know

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…
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5 Tax Benefits in Canada You Should Know About

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…
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Everything You Need to Know About the Canada Disability Tax

If you are a Canadian citizen with a disability, you may be eligible for the Canada Disability Tax Benefit. It is a tax credit that helps people with disabilities and their families cover some of the costs associated with disability. In this blog post, we will discuss who can benefit from the CDTB, what is…
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Newcomers to Canada: The Tax Laws and Regulations You Need to Know

When you move to a new country, there are always many new things to learn. The tax laws and regulations can be especially confusing, especially if you’re not familiar with the system. That’s why it’s important to consult with an accounting firm or tax expert who can help you get up to speed. In this…
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