While corporate tax rates fall in Canada, taxes for ordinary citizens go up
The observations of each and every tax consultant in Toronto have found that people earning less have to pay taxes at lower rates. But, a few other statistics show that taxes for ordinary citizens are going up, while corporate tax
What Is The Penalty For Tax Evasion In Canada?
Not paying your taxes on time may cause you to face fatal consequences. Tax evaders in Canada may have to encounter criminal penalties that can include imprisonment and huge amount of fines – up to 200% of the amount owed.
Filing Personal Income Tax in Canada – An Overview
Income tax in Canada is duly administered by Canada Revenue-Agency. The time period taken into account is between January 1 and December 31 of a financial year. In case you owe personal income tax, you have to pay on time.
Easiest Way to Immigrate to Canada
Canada is ranked 3rd best country globally. However, the process of immigration to Canada is not that easy. In order to successfully apply to get approval for Canada immigration, one has to follow certain steps. The application process might take
How is corporate tax calculated in Canada?
Tax consultants in Toronto and other Canadian cities follow a dual rate system for corporate income tax. If a business’ corporate income falls below a certain level, it pays less income tax. Let’s take a detailed look at what are
Get your online income tax refund in Canada in the fastest way possible!
You can be a freelancer, a self-employed worker or even a small business owner; but, when you’re in Canada, the Canadian Revenue Agency (CRA) will always handle your income tax return. If you take help from tax consultants in Toronto,
Lower your home business income tax in Canada
If you are a Canadian and own a small business in your home, then you may wish to pay a lower amount of tax and may look for opportunities to claim tax write-offs. You can easily assume that you have
5 simple tax strategies for every home owner
As a home-owner, you need to pay your property tax regularly to your area Corporation or infrastructure board. If you don’t file your property tax at the proper time, then you have to pay more which may include fines. The Accounting
How to choose the right tax problem service provider?
Choosing the right tax problem service provider can be quite a hustle, if you have no prior experience. Whether you’ve recently started a business, or are simply confused with your complicated tax situation, it’s perfectly understandable that you’d want to
Can Canadians invest in the U.S.?
Canadians living in the U.S. often have to invest on American stocks. And, while it sounds easy, it’s not in practice. In fact, it’s even more difficult for Canadian natives to invest in the U.S. even if they want to.