Tax

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

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

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

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

As an employer, it is necessary to deduct a portion of your employees' remuneration on a regular basis. You qualify as an employer if you provide your employees with salaries, wages (including advances), bonuses, vacation pay, or tips, or offer certain taxable benefits or allowances like board and lodging. You

Business expenses are costs incurred for the purpose of generating income in a business, and should be supported by documentation such as invoices, receipts, or vouchers. It's important to obtain these records, especially when paying in cash. Please keep in mind that all expenses should be related to running the