The CRA offers tax deductions to reduce the amount of taxable income so that you owe the federal government less tax. Tax credits, on the other hand, decrease the amount of tax. Even though these incentives exist, most taxpayers are not keen to exploit every opportunity that cuts their tax bill.
Continue reading →If you weren’t aware of all the deductions you’re entitled to, don’t worry. Many business owners are in the same boat. Just be sure you’re getting all the deductions you’re entitled to this coming tax season and beyond.
Continue reading →Canadian business owners, be prepared: New changes to small business taxation will impact you. Tammatha Denyes has you covered.
Continue reading →From hiring family to deadlines, deductions and more, Canadian small business owners have endless ways of reducing their tax bill.
Continue reading →Cloud accounting allows business owners to stay organized, find efficiencies and improve accessibility, particularly during tax time.
Continue reading →The Ontario Seniors’ Public Transit Tax Credit is new in 2017 and offers those 65-plus a 15% refundable credit on public transit expenses.
Continue reading →As a student business owner, you can set your own hours, be your own boss, work as much as you need to and more. These are the tax basics.
Continue reading →Tracking your business mileage is not only easy, but it can result in a big deduction next time you file your taxes.
Continue reading →From self-employment expenses to the volunteer firefighter credit, these are a few of the tax deductions you cannot miss in 2017.
Continue reading →From charitable donations to moving expenses, we’re presenting you with five more tax deductions that you cannot miss this year.
Continue reading →Medical expenses and union dues are just two Tax Deductions you cannot miss when filing your return. We’re looking at them and 15 others.
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