Who Has to Pay Installments on Taxes?
Paying installments on taxes can seem like a complicated task. People are often unsure of how much they have to pay or when they have to pay. Understanding the nuances of tax installments will keep your business prepared and on top of payments. This article will touch on some of the basics of paying tax […]
Do I Charge GST or HST On Sales to Other Provinces?
If you are running a business, self-employed, or a contractor in Canada, you may be required to charge GST or HST on sales to other provinces. GST and HST are charged by businesses and contractors that no longer qualify as small suppliers. The rate of GST or HST you charge will depend on where business […]
Will Any Pandemic Tax Benefits Be Continued in 2022?
The Covid-19 pandemic continues to make life difficult for individuals, families, and businesses. As we are currently in another lockdown, both businesses and individuals are looking at potential pandemic tax benefits for the year. The Canadian government has adjusted many of its Covid-19 policies for the 2022 year. Read this article to find what pandemic […]
What Goes into a Business Financial Statement?
Financial statements are completed every quarter and provide clear insight into the operational health of any business. Financial statements are commonly used by investors, analysts, and reporters to research operational performance. Are you wondering what goes into a financial statement, and what is it used for? A business’s financial statement will show you detailed and […]
Are There New Tax Breaks for Small Businesses in Canada?
Are there any new tax breaks in 2022 for small businesses in Canada? As of now, there are three tax-saving opportunities for Canadian businesses and contract workers to take advantage of. In this article, we are going to provide a brief overview of the three tax credits and who can apply for them. Expenses The […]
How Can I Find Out When My Business Tax Year Ends?
All businesses, whether a self-employed sole proprietorship or a corporation, follow a 12-month fiscal period. This is done to manage tax fillings and for general bookkeeping purposes. However, when this 12-month period begins, and ends is less apparent to first-time business owners. If you are in this position, this article will attempt to provide an […]
