If applied in the appropriate situation, the GST/HST quick method can save business owners both tax and time. Typically, businesses can use the quick method if taxable sales (including the GST/HST and zero-rated supplies) for the business and their associates do not exceed $400,000 for the fiscal year. When using the quick method, instead of […]
Category Archives: Article
25
Jul
Jul
If you are a performing artist such as an actor or a musician, the Canada Revenue Agency has special rules that pertain to you. This article covers all the details and specifies the tax write-offs or expenses(Tax Deductions) that you may be able to deduct from your income. Now that we’ve set the stage, read on… […]
22
Jun
Jun
As a self-employed person , you and your spouse or common-law partner have until midnight on Thursday, June 15, 2017, to file your 2016 income tax and benefit returns. The legislated date for paying an income tax balance(tax obligations) owing is April 30. Since that date is a Sunday in 2017, the Canada Revenue Agency […]
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