Business information:
Small business - start, buy or forget it?
What books and records
must be kept for a business?
How does a self-employed person
choose a
year-end when starting a business?
Should you incorporate your small business?
Are you an employee or a self-employed independent
contractor?
Free taxation seminars and other training for small
business owners
Competing
for federal government contracts - assistance for small businesses.
Financing:
Federal Business Credit
Availability Program (BCAP) - assistance for Canadians and Canadian
businesses to obtain financing.
Income tax:
My Payment - an online
service from CRA to make payments to them directly from your bank account.
My
Business Account - an online service from CRA that allows you to manage tax-related
information for your business.
Dividend tax credit
Corporate
tax return forms
Are
both personal
and business tax returns needed if I have a small business?
Deadline for
filing a tax
return for a self-employed person.
Small business deduction
Taxable capital
employed in Canada
Self-employment losses can be carried
back 3 years, and can be used to offset other income.
Small business financial statements
- do they have to be audited?
Business losses
- can I write them off against other income?
Capital cost
allowance rates
Business investment loss
$750,000
capital gains exemption
Employee and partner GST rebate
for employees or partners who have deductible employment or partnership
expenses
Employees and payroll:
Should I pay myself a
salary from my business?
What deductions would apply?
Minimum
wage rates and other employment standards in Canada
Private Health Services Plans - a
tax-free benefit for employees and/or shareholders
Employee-owned motor vehicles
Tax-free
motor vehicle allowances
Auto taxable benefits
Tax-free (or reduced tax)
employee benefits
Payroll taxes:
Canada Revenue Agency (CRA) T4001
Employers' Guide - Payroll Deductions and Remittances
TD1 forms - make
sure they are up to date.
Calculating
payroll deductions and automobile taxable benefits.
Late
payroll remittances - will I be penalized?
Don't pay
unnecessary employment insurance (EI) premiums
Canada Pension Plan (CPP) and Employment Insurance
(EI) Premiums
Recovering overpaid CPP
contributions and EI premiums
Foreign
firms paying employees or self-employed contractors in Canada - what taxes
must be withheld?
Business expenses:
What expenses can I write off against my business income?
What meal and entertainment costs can I
deduct?
Penalties and fines are no longer
deductible business expenses.
Capital cost
allowance rates
Eligible capital
property, eligible capital expenditures, and cumulative eligible capital
deduction
Automobiles, passenger vehicles and
motor
vehicles
What motor vehicle expenses
can be deducted?
