Corporate tax deadline Canada 2020

Corporate tax deadline Canada 2020

When running a small business, it is essential to know all the CRA deadlines, such as Corporate tax deadline, HST deadline, and Payroll remittance deadline. CRA may apply costly interest and penalty to the owing amount when you miss the payment deadline, so it is...
11 Bookkeeping Tips for Small Business Owners

11 Bookkeeping Tips for Small Business Owners

Did you know that there are 1.15 million small businesses in Canada as of 2020?Suppose you are the business owner of one of these 1.15 million small businesses. In that case, you likely already understand that one of the most vital things that you should practice as a...
Personal tax return changes due to COVID-19

Personal tax return changes due to COVID-19

It is five more days left until April 30, the regular deadline for the personal tax return, but this year there are several changes due to the COVID-19 situation. Income tax filing and payment dates The 2019 tax return deadline was changed this year due to COVID 19...
The Canada Emergency Wage Subsidy (CEWS)

The Canada Emergency Wage Subsidy (CEWS)

Many clients are asking about the wage subsidy government introduced due to the COVID 19 pandemic. The full text posted by the government of Canada you can find there, but below is a summary of the changes. The subsidy amount is equal to 75% per employee, with the...