How much does nil corporate tax return cost?

How much does nil corporate tax return cost?

Thousands of new businesses are opened every month to be successful and produce a profit. While such companies are successful in most cases, it is still pretty common to have a loss or no income throughout the tax year.  Some companies, such as startups, run with...
Adding an Accountant to Quickbooks Online

Adding an Accountant to Quickbooks Online

When you change an accountant or just opened a new company and subscribed to QuickBooks Online you may need to add an accountant to your Quickbooks Online. That will provide your accountant with access to all your invoices, expenses and other information, and the best...
Corporate tax deadline Canada 2021

Corporate tax deadline Canada 2021

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...
What is the income tax rate in Canada in 2020?

What is the income tax rate in Canada in 2020?

Are you doing some tax planning or starting your own business? Whether you are a Canadian resident or a recent newcomer, educating yourself about the income tax rates in Canada is very important in both your personal and professional lives. If you are an independent...
Is it hard to file your own taxes in Canada?

Is it hard to file your own taxes in Canada?

Every year all Canadian residents have to put some time aside to prepare their taxes. For somebody who lives in Canada for many years, it is no longer a question, “how hard to file your taxes in Canada?” they already did it several times. But for somebody...