On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy due to the COVID-19 outbreak. The new measures include: Individual and Trust Return 1. CRA will defer its filing due date for...
Read MoreCanadian: do I need to register for PST?
If you sell goods or provide services in Canada, you are required to collect sales tax from your customers on many of the items they purchase. Depending on the province or territory in which you operate your business, you need to collect either...
Read MoreCanadian: business-use-of-home expenses
If you are running a business in Canada, you can deduct expenses for the business use of a work space in your home, as long as you meet one of the following conditions: it is your principal place of business you use the space only to earn your...
Read MoreAnnual returns for Alberta corporations
After incorporation, in order to keep your corporation active, you must complete an annual return each year and file your return by the last day of the month following the anniversary of the registration month. For example: If your corporation...
Read MoreUS Tax: Changes for 2019 tax return-2020 filing season
2018 was tough for taxpayers as new Tax Cuts & Jobs Act took effect that dramatically changed how people had to file their tax returns. The old 1040A and 1040EZ forms went away and everyone was required to use the same main 1040 form. Even...
Read More