5 Questions You Must Ask Your Personal Tax Accountant
Personal Tax Return
|With many personal accountants now offering web-based services, it’s never been easier to find one you trust and who has the expertise to serve your unique needs best. Have you ever wondered if you were paying too much tax? Or perhaps you want to find out what’s in the tax form you received from your…
Read Article Top 4 Tips on Choosing the Right Personal Tax Accountant in 2022
blogs, Personal Tax Return
|It’s important to find an accountant you can relate to and trust. The vital thing is to ensure you choose the right accountant for your personal tax return. We’re sure you have heard of the term “personal tax accountant” before. It’s a term used by accountants to describe the accountant that prepares your personal tax…
Read Article Do I Need a Personal Tax Accountant in Toronto?
All Types of Businesses, Bookkeeper Toronto, Personal Tax Return, Personal Taxes
|The law does not require individuals to keep financial records (but businesses do), but failing to do so can be costly from a tax and financial perspective. Knowing how your money is spent is essential. You may not discover that your credit card and bank statements are wrong until it is too late to correct…
Read Article Why Do We Have To Pay Personal and Other Taxes in Toronto?
blogs, Personal Tax Return, Personal Taxes
|Monthly, quarterly and annual taxes often feel burdensome, but to repay them properly is better than to have to pay back taxes, which will haunt us. As long as there is civilization, taxes will never disappear. The fact is that paying taxes is a burden we must all bear, but it is also essential to…
Read Article What You Should Know About Filing Your Personal Taxes in 2022
blogs, Personal Tax Return, Personal Taxes
|Our second pandemic tax season has ended, and we are again unsure of what to expect during the filing process. As many Canadians were forced to work from home last year due to COVID-19 lockdowns, taxpayers naturally wondered what employment-related expenses they might be able to deduct from their tax returns. Several questions were asked…
Read Article How Long Should You Keep Your Tax Records in Toronto?
blogs, Personal Tax Return, Personal Taxes, Tax Planning & Management
|Taxes aren’t the most exciting topic – we know! It is still necessary to pay them if you work and live in Canada. After the end of your tax year in Canada, you must keep your Canadian tax records for some time. This includes people on working holidays in Canada who move home when their…
Read Article 2 Ways to Deduct Your Taxes if You Are A Restaurant Owner in Mississauga
blogs, Personal Tax Return, Personal Taxes
|It’s the time of the year for paying taxes again. We understand that it could be a lot of hassle to prepare and file the taxes yourself if you are a restaurant owner in Mississauga. However, let us tell you that you might save lots of money by knowing about the way by which you…
Read Article Tax Planning Tips for Doctors in Toronto
blogs, Corporate Tax Return, Corporate Taxes, Personal Tax Return, Personal Taxes
|We all have to plan our taxes. It is essential to make a good financial strategy. When you know about all the taxes, you know exactly how much you have to pay and when. This way, you would avoid the penalties and remain compliant with all the rules and regulations. We have seen that the…
Read Article How to Prepare and File Corporate Taxes in Toronto?
blogs, Personal Tax Return, Personal Taxes, Tax Audit
|Being a businessman is great, especially when your business is generating a good amount of profit. But we all know that nobody can become successful overnight. You might have worked so hard for your business to make it successful and achieve financial freedom. However, running your business is just one part of it. The second,…
Read Article Is It A Salary Or A Dividend That I Should Be Paying Myself From My Canadian Corporation?
Personal Tax Return, Tax Planning & Management
|If you pay yourself a salary from your Canadian corporation, it will have the following features: If you pay yourself a salary, it will be subject to CPP and EI deductions. The more you pay yourself in terms of salary, the higher the amount of CPP and EI entitlements you can receive. You will receive…
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