Some Canadian business owners are also opting to file via Net File or accounting software such as QuickBooks. You can contact the Canada Revenue Agency via a free support service or at the CRA phone number, 1-800-959-8281. Small business tax myths Q1: My business didn’t make any money ...
To get started, you need the Social Insurance Number of the employee; then you need to file a TD1 Personal Tax Credits Return. The Personal Tax Credits Return form determines how much tax to deduct from an individual’s employment income. You don’t need to submit either the federal or ...
HST collected is a liability and must be paid back to the CRA by filing a HST return. However, you can claim input tax credits, which reduce HST owing, for HST paid on business purchases. ITCs are also reported on a HST return. Report dividends paid on Schedule 3 of the Corporate Tax...
Save time and put it back in your business. There are many reasons why you would need to contact the CRA — for example, filing taxes, disclosing a mistake, reporting spam, resolving GST/HST issues and having general tax and business inquiries. The issue? Sometimes it takes a while. The...
Here’s how to easily calculate sales tax in QuickBooks Self-Employed: First, open the QuickBooks Self-Employed app on your phone. The app asks you if you need to file GST, PST, or HST on the home screen. Select “Yes.” This takes you to the Sales Tax screen. Select the province ...