GTA Accounting Insights

Category: Personal Tax Return

Benefits You Can Avail By Filing Your Taxes Early in Toronto

Filing your taxes can be a challenging task, but there are several benefits to filing early. First, you can get your refund sooner. Second, you can avoid the rush and last-minute stress of tax season. And finally, if you file early enough, you can get the benefits of tax deductions and credits you wouldn’t otherwise…
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Real Estate Taxes vs Property Taxes In Canada

Today, we are here with the most confusing topic of all time. But worry no more, as today is the day we resolve this confusion by helping you understand the real deal behind real estate taxes vs property taxes and how we debunk this topic. We are going to elaborate it first and then jump…
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Tax Tips For Self Employment and Summer Jobs In Canada

Some people admire summer while a few wait till it ends, but one thing remains the same! The entrepreneur inside each person and the spark of starting summer jobs in Canada. If you are considering starting a part-time job in Canada, there are certain tax tips you should know about. These tax tips will help…
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Tax-Efficient Ways To Withdraw Money from Your Business

The taxes involved with withdrawing money from a business can be complicated. There are many different tax-efficient ways, including whether or not the owner has generated enough revenue for themselves and if they plan on investing any additional funds back into their company while taking out cash to fulfill personal needs like improving lifestyle options…
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Bookkeeping Secrets Every Freelancer Needs to Know

Bookkeeping is a skill that not everyone has mastered. It can be difficult to find a bookkeeper who can keep up with the constant demands of your business. Bookkeeping is one of the essential parts of running a small business. It’s also one of the hardest things to learn for most freelancers. Why? Because every…
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Reasons To Separate Business Bank Accounts In Mississauga

As a business owner, you might find that your savings are the only source of funding for now. That’s not unusual at all! Personal bank accounts and credit cards will continue to be used to make things happen with your new company or startup. However, as any business grows, it’s important to establish a separate…
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Tax Plan For Canadian Doctors

As a Canadian doctor, you must be aware of the ever-changing tax rules and regulations. It is especially true for those who are self-employed or work outside traditional employment structures like solo practitioners because they may not have HR staff able enough to handle tax plan responsibilities alone! Canadian Doctors should have a plan for…
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Crucial Accounting Tips For Better Start-Up in Mississauga 2022

As a person who wants to be good at starts ups, your first move should be to consider better accounting services in Mississauga. It is because accounting is the lifeblood of any business. Good accounting practices and tips can save your business a lot of money and help it to avoid costly mistakes. We all…
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Tax Deduction on Moving Expenses in Canada

Do you know that you can deduct moving expenses from your taxes in Canada? If you’ve moved in the past year or are planning to move soon, you may be eligible for a tax deduction. Continue reading this blog for more information about how to claim moving expenses on your taxes. Relocating for a new…
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Leasing/Financing A Car For Your Business In Canada

In deciding whether to lease or finance your next car, you must consider all the different factors. What may be right for one person might not work out as intended with another individual if they’re not careful when making this decision-the type of vehicle being driven also plays an essential role in terms of which…
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