Hi, One thing I see when I research is that I can split income with my spouse. She currently helps me work on many of my freelance design projects, I currently don’t pay her for these services, but I heard this can be a way to split our income. Is this something I should do,
Read moreSelf- employment income is income earn from a business, profession, commission, farming or fishing according to the Canada Revenue Agency (CRA). A self-employed has many advantages when comes to deductions compared to an employee. Individuals with self-employment income, are eligible to claim...
Read moreUne déduction additionnelle pour amortissement de 35% a été introduite. Elle vise les entreprises qui feront l’acquisition de matériel de fabrication ou de transformation ainsi que de matériel informatique (exemple : ordinateur) avant le 1er avril 2019. Biens admissibles Les biens...
Read moreMany customers are wondering whether interest on certain loans are deductible. Some people are also wondering how to maximize debt and interest deductibility. This article summarizes some key points. Interest Deductibility The basic principles regarding the deductibility of interest is the...
Read moreSi vous utilisez la méthode rapide de déclaration de taxes vous pourriez être éligible à un taux réduit applicable sur les taxes perçues sur vos ventes si vous achetez des biens pour les revendre. Un taux de 1.08% (au lieu de 3.4%) sur la TPS et un taux réduit de 3.4% (au lieu de 6.6%)
Read moreSubscribe to receive advice and tips from our team!
