If applied in the appropriate situation, the GST/HST quick method can save business owners both tax and time. Typically, businesses can use the quick method if taxable sales (including the GST/HST and zero-rated supplies) for the business and their associates do not exceed $400,000 for the fiscal year. When using the quick method, instead of […]
Tag Archives: CANADIAN ACCOUNTING & TAX BLOGS
Explore Canadian Accounting & Tax Blogs by Tax Partners Oshawa. Stay informed on tax tips, accounting insights, and CRA updates for individuals and businesses.
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Jul
Jul
If you are a performing artist such as an actor or a musician, the Canada Revenue Agency has special rules that pertain to you. This article covers all the details and specifies the tax write-offs or expenses(Tax Deductions) that you may be able to deduct from your income. Now that we’ve set the stage, read on… […]
22
Jun
Jun
As a self-employed person , you and your spouse or common-law partner have until midnight on Thursday, June 15, 2017, to file your 2016 income tax and benefit returns. The legislated date for paying an income tax balance(tax obligations) owing is April 30. Since that date is a Sunday in 2017, the Canada Revenue Agency […]
22
Jun
Jun
Most Canadian income tax and benefit returns for 2016 are due on April 30, 2017. However, as this date is a Sunday, the Canada Revenue Agency (CRA) will consider your tax return as filed on time and your payment to be made on time if it receives your submission by midnight on May 1, 2017, […]
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Apr
Apr
If you have retained a rental property in Canada while becoming a non-resident, Part XIII of the Income Tax Act levies a 25% withholding tax from the gross income from rentals. Section 216 Election (Canada) The purpose of section 216 is to extend to non-resident persons the privilege of paying tax on their net income […]