5 Things Every Small Business Owner Needs to Know About Taxes

5 Things Every Small Business Owner Needs to Know About Taxes Nov 23, 2023 Taxes can be complex and intimidating, especially for small business owners. To ensure financial efficiency and tax optimization, it’s essential to be aware of certain key aspects. This blog outlines five critical things that every small business owner needs to know […]

Preparing for a CRA Audit:A Step-by-Step Guide for Businesses

Preparing for a CRA Audit:A Step-by-Step Guide for Businesses Dec 03, 2023 Facing a CRA audit can be daunting for any business. However, with thorough preparation, the process can be managed effectively and efficiently. This guide outlines key steps to prepare for a CRA audit. 1. Understand the Scope of the Audit Clarify the Focus: […]

Claiming CCA on Your Rental Property: Maximizing Your Tax Benefits

Claiming CCA on Your Rental Property: Maximizing Your Tax Benefits Nov 23, 2023 As a responsible property owner and investor, it’s crucial to consider all avenues for optimizing your rental income and tax planning. One strategy worth exploring is claiming Capital Cost Allowance (CCA)on your rental property. What is CCA? CCA is a tax deduction […]