COVID-19 Exception: Substantial Presence Test (U.S.)
As we are in the final quarter of 2020, many wonder if they are subject to U.S. Income taxes due to the travel restrictions earlier in the year!
Good News: Yes, there is an...
Canada: On Road to a New Global R&D Hub!
For a while, Silicon Valley in the United States has been a Research and Development hub in the world.
Well, that may change soon. According to the 2019 global technology...
CEWS Audits by CRA – Just landed
Canada Emergency Wage Subsidy (CEWS) has been providing significant support to Canadian jobs by covering 75% of employee’s wages (sometimes up to 85%, see new CEWS rules).
A...
Additional T4 Reporting Requirements for 2020
The Canada Revenue Agency (CRA) has introduced additional reporting requirements for T4 Information returns of 2020.
The purpose of these additional requirements is to validate...
10 Reasons to Move your Business to Canada
10 Reasons to Invest in Canada
Planning to start a business or looking to expand internationally?
Well, Canada is the place for you. Investing in Canada offers plenty of...
Canada Emergency Wage Subsidy – New Rules – July 5 Onwards
NOTE: the Government is proposing to extend the CEWS further until June 2021.
Canada Emergency Wage Subsidy (CEWS) has undergone major changes in July 2020....
U.S. Canada Cross Border Taxation for Canadian Businesses
It is not unusual for Canadian businesses to expand into the United States.
U.S. and Canada have two different tax systems and such a decision needs careful planning and...
Effects of Losing CCPC Status for Corporations in Canada
In Canada, there are different types of corporations for tax purposes.
Canadian Controlled Private Corporations (CCPC) enjoy lower income tax rates on corporate profits because...
Non-Deferrable Expenses Stream – CEBA
Almost a month ago, in May, the government announced expanded eligibility for Canada Emergency Business Account (CEBA). Previously, only the businesses with a minimum of...
Expanded CEBA Program for Small Businesses
The Government had rolled out its Canada Emergency Business Account (CEBA) to support small businesses due to pandemic. Since the start of the program there has been a much...
How to setup a corporation in Canada?
Wondering how to incorporate your business in Canada? Let’s find out the general steps involved to set up a corporation in Canada.
1. Decide if you need to incorporate your...
US Income Taxes for Canadian Businesses – Which Forms to File?
Canada is the second-largest trading partner of the United States. Both economies are interconnected and businesses on both sides of borders are subject to two-income tax rules...
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CRA – NEWS RELEASES
Latest news releases for Canada Revenue Agency.
