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Filing due dates for self-employed

Filing due dates for self-employed

Due dates for self-employed individuals to file their taxes: * relating mostly to a tax shelter investment, your tax reporting return must be filed by April 30; * other than those relating mostly to a tax shelter investment, your tax reporting return must be filed by June 15. If there is a

Excel Tips and Tricks - Calculate the next period for your payment

Excel Tips and Tricks - Calculate the next period for your payment

MS Excel users often need to calculate a series of payments that occur at regular intervals based on specific dates. This spreadsheet can help Excel users calculate series of periodic payments based on dates, such as mortgage periods, pay periods, and more, for various frequencies including weekly, bi-weekly, semi-monthly, monthly,

Employment Expenses - transportation employees

Employment Expenses - transportation employees

Employees of a transport business You can claim the cost of meals and lodging if you meet all of the following conditions: * You work for an airline, railway, bus, or trucking company, or for any other employer whose main business is transporting goods, passengers, or both * You travel in vehicles

How To Cancel GST/HST Account

How To Cancel GST/HST Account

In order to terminate your GST account, you need to complete form RC145 - Request to Close Business Number (BN) Accounts - provided by the CRA. The completed form can be either mailed or faxed to your tax services office. There are a few things you need to be aware

Where to mail your paper T1 return

Where to mail your paper T1 return

Filing online File online for free - Free certified software products are available to file your income tax and benefit return online. Resident individuals: Tax centre mailing address for resident individuals for their tax return Non-residentindividuals: Disclaimer: “Please note that the information provided in this article is of a general

The tax-deductibility of expenses related to childcare expenses for after-school activities.

The tax-deductibility of expenses related to childcare expenses for after-school activities.

Expenses related to childcare for after-school activities may be tax-deductible in certain circumstances, as established by a court ruling in the case of Kwan v. The Queen (2018 TCC 184) and I will provide more information about this case in the following section. The taxpayer appealed from a reassessment of

Parking Taxable Benefit

Parking Taxable Benefit

As per the guidelines of the Canada Revenue Agency, the provision of parking by an employer to an employee is considered a taxable benefit. The amount of the taxable benefit is calculated by subtracting any payment made by the employee for the use of the parking space from the fair