Earning Investment income in a CCPC and Refundable tax
Earning investment income in CCPC can affect Small business deduction and QSBC Status of a Canadian Corporation.
Business
Income Tax Tips for Freelancers in Canada
Freelancing, full time or as a side-gig, is a very attractive way for people to generate income for themselves. With a lot of freelancing websites …
Reporting Online Trading on Personal Income Tax Returns in Canada
If you are generating gains or losses from the sale of securities, this is most likely to be treated as Capital gains. However, in certain …
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How to Write an Executive Summary for Your Business Plan
An executive summary is a must for your business plan. In fact, it’s what your business plan begins with, capturing the essence of your business …
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How to Explain Business Concept in a Business Plan Clearly
Your business plan is incomplete without a clear business concept. If you don’t highlight what your business is about, your plan is missing its key …
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Year End Tax Planning Guide for Businesses in Canada
Businesses and their managers can optimize their corporate business taxes using below simple and effective planning strategies in Canada: Caution: Below post explores tax planning …
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Start a Business in Canada in 15 Easy Steps
Bored by your 9 to 5 work life? Is there an inner voice urging you to escape the mundane professional life, the grunts of your …
5 Ways to Strengthen Financial Section of Your Business Plan
No doubt, the Financial section is one of the most critical areas of the business plan writing process! You should not be surprised if you …
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7 Easy Ways Your Business Can Go Green!
The looming threat of climate change has started a movement of going green. Many businesses are adopting environment-friendly ways to save cost, avail tax credits, …
Canada Tax Changes – Effective January 01, 2020
In Canada, there are a number of income tax changes taking effect from January 01, 2020. You should stay informed of these tax changes to …