Yes, first complete the 2009 return and wait to receive the Notice of Assessment. Then file the 2010 corporate tax return and request a loss carry back on Schedule 4 of the return. Thanks, Allan Madan, CPA, CA Tel: 905-268-0150 Brock February 5, 2014 at 5:15 pm Hi there Allan,...
The IRS has a simple process in place that allows you to amend your tax return. Find out how to amend your tax return in this article on tax tips.
If you ever decide to take the plunge and buy a home, your mortgage will likely be the largest debt you'll ever take on. And as part of owning a home, you may be faced with fees in terms of mortgage points. However, paying mortgage points can sometimes m
Let’s go through the top five documents that you or your accountant will need to complete your tax return.1. Financial statement A financial statement communicates the financial health of a business and usually includes a cash flow statement, a balance sheet, and an income statement. For tax...
5. Complete All T4 Slips and Information Returns Lastly, as an employer, each year you need to complete a T4 slip for each employee and complete the T4 summary form. You must file the T4 information return and give the T4 slips to the employees on or before the last day of February fo...
on carbon dioxide emissions could generate roughly $1.5 trillion in revenue over ten years. That’s enough to allow for the complete elimination of several levies that conservatives rightly regard as structurally deficient or duplicative: capital gains and dividends taxes, the death tax and tariffs....
Want to set up online payroll? Here is your guide to registering for payroll online with the Canada Revenue Agency (CRA).
Here are the seven steps you need to complete to set up and manage payroll:Register for an employer identification number (EIN) Collect W-4s from employees Establish a payroll schedule Decide how you’ll pay employees Calculate gross pay per period Withhold and pay taxes File tax forms and ...
If they’re under the age of 21, you’ll be able to complete the transfer, including government grants, without any tax consequences. However, if the child is over the age of 21, you may have to pay taxes and return any Canada Educational Saving Grants (CESGs). If you’re unsure ...
Here's a step-by-step guide to calculating taxable income. Step 1: Determine Your Filing Status To calculate your taxable income for anindividual tax return, you first need to determine your filing status. If you are unmarried, you can file your taxes either as asingle fileror, if you ha...