Before you call CRA – Seeking Updates

Find out the standard processing times for tax returns and other tax-related requests sent to the Canada Revenue Agency (CRA).

CRA Processing Times – Links

Find out the standard processing times for tax returns and other tax-related requests sent to the Canada Revenue Agency (CRA).

CPP Annual Update – 2021

CPP contribution rates, maximums and exemptions 2021 Important notice! Changes to the rules for deducting Canada Pension Plan (CPP) contributions.Continue reading “CPP Annual Update – 2021”

Canada Emergency Wage Subsidy (CEWS)

What the changes are: Calculation details for claim periods 11 to 13 are now available. January 2021 changes: Changes toContinue reading “Canada Emergency Wage Subsidy (CEWS)”

Small Business Tax Strategies – Reduce Income Tax (2020)

There are many ways for small businesses to legally reduce their income taxes in Canada. This guide offers some ofContinue reading “Small Business Tax Strategies – Reduce Income Tax (2020)”

“Sole Proprietorship vs Incorporation” – Planning your business strategy

Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll breakContinue reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”

Should you incorporate your small business?

When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operatingContinue reading “Should you incorporate your small business?”