Looking to Incorporate your business? Benefits and Drawbacks Explained Understanding what happens when both the US and Canada want to tax you Understanding how the country of your residence, your citizenship, and where you work want to tax you can be very tricky! This...
Canada Raises the Lifetime Capital Gains Exemption – What it means for you More capital gains may now be tax-free to you – but only if you qualify AND you file properly! Quick Summary Beginning for depositions on or after June 25, 2024, the lifetime...
Everything a Small Business Needs to know about Tax Authority Audits Are you wondering how a tax authority audit works? Do you know what can be done to lower the odds of being selected for an audit, and how to be prepared in case you are selected? Read on for more … A...
Tax Deductions? Tax Credits? Which one do I prefer… Tax deductions and tax credits both reduce the amount of tax you owe, but they function differently. Many people often mix up tax deductions and tax credits. In all cases, you would prefer one over the other, but the...
Navigating Payroll as a Canadian Business – September 2024. Understanding the Canadian payroll tax system is crucial to avoiding costly mistakes. When you’re building, hiring, or expanding your business into Canada, one of the biggest challenges you may face is...
