Some provinces have chosen to participate in the HST, which pairs the GST with the PST to create one tax overall. These regions include New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Labrador, and Ontario. Therefore, if your small business resides in one of these areas, you ...
To calculate your modified adjusted gross income, take your AGI and "add-back" certain deductions. Many of these deductions can be rare, so it's possible your AGI and MAGI can be identical. Different credit and deductions can have differing add-backs for your MAGI calculati...
Commercial property tax varies from coast to coast. It's one of the main sources of revenue for cities. The funds are used for everything from infrastructure to education. Canadian commercial property tax rates are considered high. They can be almost three times higher than residential tax rates...
Learn what costs are involved in starting your first business. Find out about the different fixed and variable costs you may need to consider.
You also need to calculate the capital gain that results from the foreclosure. To calculate the gain: Find your tax basis - generally, the purchase price plus the cost of home improvements you make. Subtract your tax basis in the home from the home’s fair market value. However...
How to Calculate Florida Lottery Taxes Image Credit:kzenon/iStock/GettyImages Tax Rates If you live in Florida, you're in luck. Florida is one of six states with no state income tax. This will save you millions if you win the big jackpot. But you'll still be responsible for federal ...
Our Dedicated In-House Tax Experts are ready to advice you on any Tax Situation. Ask Expert Income Tax Calculator Generate Rent Receipt Calculate HRA Income Tax Refund Status Codes Check IT Refund Status Now Probable Status That a Taxpayer May come across There are 11 Tax refund statuses tha...
The Council of Ministers of Education, Canada (CMEC) offers a usefulonline toolwhich allows prospective international students to quickly calculate the costs of studying at different universities in Canada, as well as providing guidance on the documents needed to apply. ...
How to Calculate Growth Rates Growth rates can be calculated in several ways, depending on what the figure is intended to convey. A simple growth measurement simply divides the difference between the ending and starting value by the beginning value, or (EV-BV)/BV. Theeconomic growth of a cou...
By definition, assets in the Current Assets account are cash or can be quickly converted to cash. Cash equivalents are certificates of deposit, money market funds, short-term government bonds, and treasury bills.4 To qualify as current assets, these items must not have any restrictions that inh...