Taxccount's Blog
Who is required to file an income tax return?
- December 31, 2022
For those who have recently moved to Canada and are wondering whether filing their taxes is essential and what are the eligibility criteria, this chapter has all the information.
Comprehensive Guide to GST/HST Collection for Self-Employed Individuals in Canada
- May 03, 2023
If you are a self-employed person, you would know that it comes with a lot of freedom as you are your own boss and can set the pace of your work. However, as a self-employed person it is so important to understand the deadlines and other intricacies of filing taxes.
How to complete your tax filing as a sole proprietor?
- November 14, 2023
When you run your own business, it is such an exhilarating felling. The highs and lows that come with it are all a learning. But a lot of people who are business owners, especially new ones get confused about the tax filing process.
Partnership Information Return
- August 31, 2023
If you run a business partnership in Canada, the CRA will require you to complete the T5013 form if your gross earnings surpass a specified threshold. Find all that you need to know about T5013 slip and the intricacies of partnership return filing information.
Determine if you are an employee or an independent contractor
- November 09, 2023
Congratulations on the new contract that you just got from your new employer. It is indeed a result of your hard work and dedication. But before you sign the contract, it is best if you understand whether you would be put in the category of an employee or an independent contractor.
Beginner’s guide for self-employed taxes
- November 04, 2023
The taxation system for self-employed people in Canada is different from those who are employed. This chapter discusses the complete tax guide for self-employed people in Canada.
What Is the Difference Between Factual and Deemed Residency?
- February 29, 2024
You might be thinking that paying taxes in Canada is quite a simple task. But for a lot of people, especially those who have moved to Canada recently or are still getting familiar with the taxation system, it is a cumbersome task to file their tax return.
What is the influence of residency on your tax return?
- February 28, 2024
One of the most important things to know in terms of tax return in Canada is that your tax return is directly impacted by your residency status. The Canada Revenue Agency (CRA) as it is popularly known as, considers numerous factors when evaluating your residency status and the corresponding tax responsibilities.
The ultimate tax guide for non-residents in Canada
- February 27, 2024
In Canada the tax you pay depends on your residency status, which is determined by Canada Revenue Agency. In this chapter we will understand the intricacies of residency status of Canada and you will also get to know the tax guide for non-residents in Canada.
What is Capital Cost Allowance?
- December 30, 2022
If you live in Canada, you must have come across the term Capital Cost Allowance. For those who are self-employed, run a small business, or own a rental property, it would be useful to know about capital cost allowance and how you can claim it.
All Services
How can we help?
Let’s get in touch!!
Suite 250 997 Seymour St. Vancouver BC V6B 3M1 Canada
Suite 305 381 Front St w Toronto, Ontario M5V3R8, Canada
