Tax Accounting and Bookkeeping Service Toronto
Maximize Your 2024 Tax Refund Tax season can be stressful, but it also presents an opportunity to maximize your refund. For many residents of Toronto, understanding Canada’s tax system, identifying eligible deductions, and leveraging tax credits can result in significant savings. Whether you’re a salaried …
Computerized Bookkeeping Services in Toronto Bookkeeping is the backbone of any successful business, ensuring that financial records are accurate, up-to-date, and compliant with regulatory requirements. In recent years, Toronto has seen a significant shift toward computerized bookkeeping services, driven by advancements in technology, the growth …
Let us help you to prepare for upcoming tax season ! As the end of the year approaches, Canadians are reminded that it’s time to start preparing for their 2024 tax return filing. The process of filing taxes in Canada can seem overwhelming, but with …
As the 2024 tax season approaches in Canada, individuals and businesses alike are looking for strategies to navigate the complexities of tax preparation and planning. With the Canadian tax landscape constantly evolving, staying informed about the latest tax changes and understanding how they impact your …
Tax season in Canada is a pivotal time for individuals and businesses alike, marking a period of reflection on the past financial year and preparation for the future. As we approach the 2024 tax year, staying informed about the latest tax laws and changes is …
Underused Housing Tax In Budget 2021, the government announced that it would introduce a national, annual 1-per-cent tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or underused. The Underused Housing Tax (UHT) took effect on January …
What are the changes for 2022 tax return- Explained by Tax Accountant Toronto Any one-time provincial payments to help you through COVID-19 will not be taxable, and you don’t need to report them as income on your 2022 tax return. You can claim up to …
As a professional accountant we often asked by our clients about the legal structure of their business. If you research in the internet, you may find a lot of information about various legal business structure in Canada. Sole proprietorship, Partnership, or corporation? These are all …
Many of us already know that if we earn business or employment income, we may be eligible to get a deduction for meals and entertainment expenses as much as 50%. We wish this could be that simple the way it sounds. Even we have spoken …
The tax system in Canada provides for a two-level system for taxing corporate income: first in the corporation, and then in the hands of the shareholder when dividends are received from the corporation. Dividends received from a corporation resident in Canada by an individual are …