https://www.canada.ca/en/revenue-agency ... rting.html Figure I would post this here in case some people do their own T4s and haven't see this yet. Important reporting requirement change!
toI used to remit Payroll using interac online. I would go to CRA remittance page, select the period and opt interac online which will take me to RBC online banking page. It was smooth. Then in Dec 2023, the page said you can not use RBC interac online option.So I had two options - Either chose RBC Ta...
businessCan I take out some sort of cash allowance from business account? I'm finding it really hard to find certain material and have found quite a bit on kijiji and marketplace. Also for tools, there is good savings buying second hand. I plan to buy the material goods for business use but because it's for...
inIn past we leased a cars, like Honda Odyssey and didn’t have any problems. At last we purchased a car and had CRA asking for mileage for private use. Now new company is in position to decide how to handle that issue. Obviously we are looking for the most beneficial way for us: a) Buy vehicle outrigh...
andI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
aMy expenses for my corporation is not much other than salary so if I spend something for my business, I pay by my personal credit card and then reimburse myself by e-transfer from my business account to my personal account. My bank is offering a credit card for my business for 10000 credit limit and...
small businessMy small business provides consultancy and project management services to clients in the U.S. & Canada. I receive payments in both USD and CAD. When I was under sole proprietorship, banking was easier - I used TD Bank (offshore) for USD payments and TD Canada Trust for CAD payments. This also ni...
fromCan I take out some sort of cash allowance from business account? I'm finding it really hard to find certain material and have found quite a bit on kijiji and marketplace. Also for tools, there is good savings buying second hand. I plan to buy the material goods for business use but because it's for...
theFound a book keeper, I hassled a few people that didn't pay.. lol Unless a CPA is really 6000! Yes, No need to justify, You are worth 10,000$... I ll delete when I get home. Cheers
onhttps://www.canada.ca/en/revenue-agency ... rting.html Figure I would post this here in case some people do their own T4s and haven't see this yet. Important reporting requirement change!
how toI have put in a call to our new accountant but since transitioning to a new company after old one has retired I am not sure if I will get an answer in time so figured I would ask here. We had a reassessment on HST in 2022 and after all was said and done we actually got a small refund in 2023. CRA ma...
question... These expenses were initially paid using my personal credit card, and I'm looking to reimburse myself from the company. Here are my questions: **1. Reporting Income:** Since I intend to categorize my income as dividends, I assume that when I file my personal income taxes, I should report it as ...
shippingHey everyone, What are you guys doing when it comes to do insurance for your ecom packages? Especially for your own delivery? What are the brands you work with and your experiences? Much appreciated in advance
doI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
corporationIn past we leased a cars, like Honda Odyssey and didn’t have any problems. At last we purchased a car and had CRA asking for mileage for private use. Now new company is in position to decide how to handle that issue. Obviously we are looking for the most beneficial way for us: a) Buy vehicle outrigh...
taxIs tax loss harvesting within a corp for passive investments more-or-less treated the same as for an individual (i.e. you can carry losses and offset future capital gains)? Looking to realize some losses in this current market but wondering if there are any gotchas to keep in mind.
needhttps://www.canada.ca/en/revenue-agency ... rting.html Figure I would post this here in case some people do their own T4s and haven't see this yet. Important reporting requirement change!
canHi everyone, I’m planning to install a vending machine at Square One. However, I don’t have any experience in this area. Does anyone know or have done this before? I would really appreciate any advice you can give me. Thank you for your time and attention This vending machine will offer food items l...
company... These expenses were initially paid using my personal credit card, and I'm looking to reimburse myself from the company. Here are my questions: **1. Reporting Income:** Since I intend to categorize my income as dividends, I assume that when I file my personal income taxes, I should report it as ...
howGood morning folks, We have almost 10-15 independent contractor's working for us, we are in process of converting few of them as full time employees. How should we go about it. Can we mange it by ourself in terms of setting up payroll, EI, taxes, benefits etc.. Kindly advice. Recommendation for any ...
youI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
canadaHi! I'm looking at expanding my business into the United States. I currently rent out accessories for weddings (mostly backdrops) in most big Canadian cities. My employees store the backdrops in their houses and deliver them when we get a sale. I would like to use the same business model for our nei...
whatI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
bestHi there, I’m opening up an online new business and will send my products internationally and to Canada. How can i get best shipping rates and which carriers?
smallI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
craI used to remit Payroll using interac online. I would go to CRA remittance page, select the period and opt interac online which will take me to RBC online banking page. It was smooth. Then in Dec 2023, the page said you can not use RBC interac online option.So I had two options - Either chose RBC Ta...
aboutHey everyone! When I start my two separate businesses under my corporation I’ve been trying to find out how I pay taxes for the income they generate I’ve read a few places that dba income generated would be taxed as a proprietorship, but can’t I register their business names as dba’s and have the in...
incorporationHello everyone, I'm seeking your valuable input. Should I purchase an electric vehicle (EV) under personal or through a small business incorporation? Which option offers the maximum benefits
yourI am with BMO right now, and it is so frustrating to run business with their online banking. they can't export more than 3 months worth of transactions. which is so absurd as business usually need this for tax filing for the past 12 months. they don't provide you with the image of deposited cheques ...
usI’ve been reading some threads on here about consultants with Canadian based corporations working for clients in the US and it potentially causing issues if not done the right way. I’m an IT consultant (contractor) with my own company for another Canadian based company. I’ve been asked to travel to ...