Voluntary HST Registration: A Smart Move for New Businesses?

As a small business owner, you might think registering for HST is only necessary once your sales hit $30,000. But check out this article for a scenario I recently worked on that might change your perspective.

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Managing Your Payroll Account: A Canadian Employer’s Guide

Check out this article for a guidelines relevant to employers in Canada. Payroll compliance is key to avoid CRA penalties and interests. It's one of the areas often neglected by new and small business owners. 

Deductibility of Legal Expenses for Severance Pay or Unpaid Salary 

 If you have incurred legal expenses to establish the right to severance pay or unpaid salary following the termination of your employment, you may be eligible to deduct those amounts in your tax return which can your tax owing or increasis your tax refund.

How Incorporation Costs Can Lower Your Business’s Tax Bill. 

 Incorporation costs are expenses incurred to legally establish your business as a corporation. These include fees paid to Corporations Canada or a provincial registry, as well as legal or accounting fees directly related to the incorporation process, such as fees paid to a lawyer to draft the article of incorporations. Check out how this can result in a tax saving opportunity.