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Category: Corporate Tax – Canada

Corporate Tax – Canada

When to include forgivable portion of ceba loan
Corporate Tax - Canada

Forgivable Portion of CEBA and Income Inclusion

Many businesses in Canada have taken advantage of Canada Emergency Business Account (CEBA). The initial program offered $40,000 with 1/4 i.e. $10,000 is forgivable if certain conditions are met. Later on, the program expanded and

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How to save taxes on selling and flipping properties in Canada?
Corporate Tax - Canada

Flipping Houses – Business Income Vs Capital Gains

Property flipping is an increasingly common practice to buy a property and then reselling it for a quick profit. Property flipping also includes assignment sales a.k.a. shadow flipping. Shadow flipping is the sale of a property

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R&D tax incentives in Canada
Business Plan

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 innovation report, the US and

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Information returns by employers T4 filing service toronto
Corporate Tax - Canada

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 total of $35.31 billion has been paid

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T4 additional reporting requirements for 2020
Corporate Tax - Canada

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 the benefit payments to Canada Emergency Response Benefit (CERB), Canada

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