by Anna Grigoryan | Taxes
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...
by Anna Grigoryan | Taxes
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...
by Anna Grigoryan | Taxes
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...
by Anna Grigoryan | Taxes
In Canada, like most of the countries, you have to pay taxes from the income provided by your job. But what happens when you do not have a job, do you still have to pay taxes? In short, you have to pay taxes from your income, and even if you do not have a job, most...
by Anna Grigoryan | Taxes
To reduce the cost of continually increasing childcare costs in Ontario, the government of Ontario introduced a new refundable childcare tax credit. The Childcare Access and Relief from Expenses (CARE) tax credit was unveiled early in 2019 in Premier Doug Ford’s...
by Anna Grigoryan | Taxes
When the tax season comes, it brings many terms that you do not use in day-to-day life. The most confusing is “tax return” and “tax refund”. The terms used interchangeably very often, and while they both somehow similar, they are different. So...
