the Canada Revenue Agency requires large businesses to be subject to a scheme billed as a recapture of input tax credits (RITCs). Businesses can currently claim a credit on the HST they have paid on certain expenses for the running of their business. However, beginning in 2010 and...
paid directly to the beneficiary, or paid to the account owner. There are arguments on all sides about how best to distribute funds. As you make the decision regarding the process that is right for you, it is important to keep in mind a few items. One, if the funds are...
A couple pro-tips if applying for a business number on your own: On the form when it asks for a social insurance number, simply leave this blank and when it asks for your estimated taxable sales in Canada it's smart to enter something below $100,000 as else you will be required to ...
Vehicle expenses, if you use your vehicle for business There may even be costs you hadn’t thought of as business expenses. Did you operate your business from home? You might qualify to claim home office expenses. Use your car for deliveries? You may be able to claim a portion of your ...
Claim your full tax deductions with mileage tracking apps, and other tools enable accurate record-keeping and precise calculations.
to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare...
Here is the link provided http://madanca.com/blog/tax-on-real-estate-sales-in-canada/ Cole January 22, 2014 at 5:04 pm I recently incorporated my business and I have made no money this year. I have a substantial amount of business expenses that i would like to claim but I have...
Since most self-employed people who buy their businesses from others buy them all at once, this is a routine part of such purchase and sale transactions in Canada. It’s easy to claim this GST/HST exemption, though it’s a good idea to discuss it with the person selling you the busines...