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 ...
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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...
How to calculate capital gains tax There are three amounts you need to know before calculating a capital gain or loss, according to the CRA[1]: The proceeds of disposition: How much you received when you sold the asset. The adjusted cost base (ACB): The cost of the asset plus any exp...
A high cash flow yield means a company is generating significant cash flows relative to its cost and is often a positive sign of profitability. How do you calculate cash flow yield ratio? To calculate the cash flow yield ratio, divide the company's free cash flow by its market capitalization...
You can track your tax refund most easily if you filed a tax return electronically, but it is still possible if you mailed in your return. You can use the IRS "Where's My Refund" tool, call the IRS, or use the TurboTax Where's My Refund tracking guide to
or used but not yet paid for by customers—is entered in Current Assets as long as the accounts can be expected to be paid within a year.6If a business makes sales by offering longer credit terms to its customers, some of its receivables may not be included in the Current Assets ...
How to calculate EBITDA The most common way to calculate EBITDA starts with earnings, or net income. From there, expenses for interest, taxes, depreciation, and amortization are added back. The EBITDA formula therefore is: Earnings + interest + taxes + depreciation + amortization = EBITDA ...
Learn what costs are involved in starting your first business. Find out about the different fixed and variable costs you may need to consider.
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, and many businesses have trouble paying them. Some cities, such as Toronto, are trying to reduce the ...