Marketing agencies can have many different types of income and expenses. You may have monthly retainers, one-time projects, freelancers, software costs, and employee salaries. This can make taxes more complicated because different types of income may be taxed or...
Running a law practice involves more than just serving clients and managing cases. Lawyers must also keep track of client payments, outstanding invoices, operating expenses, and tax obligations. A firm may charge huge fees but still have lower cash flow. If you have...
As a Canadian business owner, you must file your T2 tax return even if your business is not active. If you skip this step, your business will start facing consequences with the CRA. You must start filing your T2 tax return within six months after the end of the...
When you work a regular job, your employer deducts tax from every paycheque. If you are a freelancer in Canada, there is no one who will do that for you. You are responsible for reporting your income, tracking your expenses, managing GST/CST, and paying CPP...
Corporate tax work involves several parts that need to be handled correctly. A corporation may have federal and provincial filing requirements, tax credits, and deductions to consider, and GST/HST filings to manage, and tax planning decisions to make. Keeping these...
