I received T5 slips on HISA investment for my incorporated business. I of course track all interest paid on this account and report it as "interest income". Do I have to enter this T5 slip anywhere in the corporate tax T2 form?
Feb 26th, 2020 6:49 pm
So we're trying to open a Questrade Corporate account and have had no luck at all so far. The application gets stuck when entering the percentages of ownership and keeps throwing an error. Their tech support say to keep trying "tomorrow", ...
Feb 14th, 2020 7:30 am
Ive decided I would like to purchase ZHY. Going to place an order for about $32K CAD with questtrade (100% of my RRSP). My initial plan was a HISA type ETF such as PSA or HSAV. What are your thoughts of this ETF? I understand high yield bond ETF's can behave like equities and can lose value in a bea...
Feb 9th, 2020 4:10 pm
I have a corporation and my excess funds are currently going into a High Interest Savings Account. As the rate is currently getting lowered, I am looking at alternatives.What do you guys suggest?
Jan 6th, 2020 2:45 pm
Hi everyone. I have a small business corporation that i started for some part time work that i do. It is fairly basic work with income coming in and some payments going out. I can do my own income statement and balance sheet and i dont plan on taking any money out from the corp. If it is something s...
Jan 3rd, 2020 4:19 pm
Received this in my work email but not sure if they're considered good. What do you guys think?
Nov 15th, 2019 1:27 pm
... this a bad idea 3 weeks before black friday? Seems like a steal compared to the other companies, Fido would be $115/mo for 10GB. I can get rogers corporate plans, but looks like even would be $103/mo for 10gb, but get a $300 bill credit. I haven't had a phone subsidy for a while please help :)
Nov 7th, 2019 2:20 am
Hi Everybody, My company is looking a new phone system for our offices, and was wondering if anybody had any recommendation? Obviously there is the obvious Telus, Bell, etc., but I'm really not sure about the other options. We're currently using a PRI option, and I feel like we should switch to VOIP...
Oct 1st, 2019 11:41 pm
Hello,I am looking for a corporate savings account with high interest rate. Presently, Oaken offers 2.3%. Which other banks offer business savings accounts with a high interest rate?Thanks,D
Oct 1st, 2019 1:33 pm
When initially registering a corporation, I paid using a personal account since I didn't have a corporate bank account set up. Can I still claim it as expense of the corporation?Also is there time limit on when I need to get a corporate bank account?
Sep 28th, 2019 12:19 pm
Hello: I'm looking to hire a juice bar or smoothie stand to be in our booth giving complimentary drinks in a trade show we are participating in Toronto. Anybody can recommend a company that provides this service or similar, open to other ideas of complimentary non alcoholic drinks. Thanks in advance!
Sep 19th, 2019 6:50 am
... What accounts should i create or use. Also what I should do if I over paid the taxes during the year or if i got refund at the end after I file my corporate tax. Also what i should do if i under paid and i have still need to pay. .............. ....... Here how I'm doing now to record the payment ...
Sep 17th, 2019 4:59 pm
I'm looking for members recommendations on corporate accountants they have used in the Mississauga, ONT region.If you have a business, what accountant would you recommend?Also tell me who I should stay away from!NOTE: I am NOT looking for accountants to advertise their business.
Sep 2nd, 2019 7:45 am
... french documents mean and if I need to do anything with them. So at the end of the year I pay him around $5k (plus tax) for the completion of my corporate taxes and personal taxes combined. My business is slowing down unfortunately. And I'll probably have to look for another job next year. But ...
Aug 5th, 2019 1:02 pm
... early 2020. I have money sitting in cash and wouldn't mind making a bit of interest. I have a TD small business chequing account and a Questrade corporate margin account. Was wondering about the best place to park money for 4-6 months in this instance. Additionally, when I am just investing, ...
Jul 5th, 2019 5:14 pm
... and I file my personal taxes myself, using QuickTax. *BUT* - along comes this one company, who has a policy of only issuing payments to an incorporated entity. I asked them a few times if they would consider making an exception, but they would not. So I went through the process of creating ...
Jun 18th, 2019 4:38 pm
Hi guys We got a corporate customer who went bankrupt before they can pay our bill. The legal firm that handled their bankruptcy send me an email saying after all the assets have been liquidated, they can pay me $0.2 on the dollar. ...
May 29th, 2019 12:07 pm
Hi all, My mom has been a corporate event manager at a pretty large engineering company for over 10 years and is exceptional at what she does. Everyone loves working with her and she gets nothing but positive feedback from all event attendees ...
May 25th, 2019 8:45 pm
I am planning to convert some USD to CAD in my corporate account through Norbert's gambit. Will there be any tax implications between these transactions of getting money to the brokerage account and getting back it to the corporate account and also ...
May 6th, 2019 12:33 pm
... the new hard drive and reinstall windows on the current one instead. But I believe that since the drive has drivelock on it and since it was a corporate machine it won't be easy and I will encounter problems. Looking for computers experts to chime what would you do thanks!
Apr 15th, 2019 12:25 pm