GTA Accounting Insights

Category: Tax Planning & Management

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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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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Everything About a Holding Company In Canada

Some people think that a holding company is only used in the corporate structure of big businesses. But if you are unsure what it means or why setting one up would benefit your business, right? Take an in-depth look at this term and see if we can figure out whether setting one up could work…
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Pay Less Tax on Rental Properties In Canada With This Guide

There is no lie in saying that we all want to pay less tax! And to do so, your number one priority should take help from experienced consultants. Be it a professional accounting or tax firm in Canada. This way, you can always stay one stead ahead. What is a holding company? A holding company…
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Canadian Tax Deductions and Credits in 2022

In 2022, Canadians will be able to take advantage of several new tax deductions and credits. Some of these include the Children’s Fitness Tax Credit, the Public Transit Tax Credit, and the Volunteer Firefighter’s Tax Credit. In this article, we’ll take a closer look at these tax breaks and what you need to do to…
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Common Mistakes On Your Tax Return In Canada 2022

Avoiding common mistakes when filing your income tax return is important. Filing a wrong or incorrect amount can lead to audits and penalties, which may drastically change the outcome of whatever refund you were expecting, not just this year but for future returns as well! That’s why we’ve compiled some common errors that people make…
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Tax Implications of Hiring A Nanny or A Housekeeper in Oakville

Many couples are juggling their way into life with children and careers. It is very common now for both parents to work full-time jobs, and with child care’s high cost, many families are hiring a nanny or a housekeeper to help with their children and around the home. But what are the tax implications of…
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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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