A Complete Guide to GST/HST Returns
8 October, 2024
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A Complete Guide to GST/HST Returns The two main taxes in Canada are the Harmonized Sales Tax (HST) and the Goods and Services Tax (GST),
Government announces significant new support to help small business owners
4 October, 2024
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The government has announced significant new support to help small business owners A comprehensive set of measures to support small and medium-sized businesses in their
What is a T5 Slip? A Comprehensive Guide
23 September, 2024
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What is a T5 slip? A Comprehensive Guide What is a T5 slip? As a Canadian resident, the tax season approaching means innumerable forms to
Ontario’s Minimum Wage Set to Increase on Oct 1st 2024
18 September, 2024
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Ontario’s Minimum Wage Set to Increase on Oct 1st, 2024 The minimum wage in Ontario will rise by $0.65 to $17.20 per hour for the most workers as of October 1, 2024. After British Columbia, Ontario now has the second-highest provincial minimum wage in Canada, with a 3.9% increase over the current rate. The following are the new minimum wage rates in Ontario: General Minimum Wage: $17.20 Student Minimum Wage: $16.20 Homeworker Minimum Wage:
How to use My CRA Business Account to Authorize a Representative
20 August, 2024
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How to Use My CRA Business Account to Authorize a Representative Adding an authorized accountant as your representative with the Canada Revenue Agency (CRA) allows
Do you qualify for automatic free tax filing by the CRA?
5 August, 2024
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Are You Eligible for Automatic Free Tax Filing with the CRA? Did you know that some Canadians qualify for automatic tax filing service through the
What is a Shareholder Loan?
29 July, 2024
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What is a Shareholder Loan? A Comprehensive Guide for Business Owners Introduction As a business owner or self-incorporated individual, managing cash flow effectively is crucial
Canada’s new Digital Services Tax Act now in force
22 July, 2024
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Canada’s new Digital Services Tax Act is now in force After the measures received Royal Assent on June 20, 2024, Canada’s Governor in Council set
What is the Canada Carbon Rebate for Small Businesses?
3 July, 2024
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The Canada Carbon Rebate for Small Businesses The Canada Carbon Rebate for Small Businesses is a groundbreaking federal initiative that supports small and medium-sized enterprises
Moving Expenses On Taxes: What Can Be Claimed?
14 June, 2024
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What Kind of Moving Expenses Can Be Claimed on Your Taxes? Understanding Moving Expenses on Taxes in 2025 Relocating for work or other reasons
Bookkeeping Tips for Toronto Small Businesses
28 May, 2024
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Bookkeeping Tips for Toronto Small Businesses: A Comprehensive Guide Running a small business in Toronto comes with its unique set of challenges, and proper financial
CRA launches new verification method for online access
20 May, 2024
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CRA launches new verification method for online access The Canada Revenue Agency (CRA) has introduced a new identity validation option to make it easier to