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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?

Sponsored Advertisement

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.

Elimination of the Penny - businesses and consumers

Look on our Links page for Provincial Web Sites for Business Information and Services.

 

Business Income Tax

Corporate income tax rates

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.

Personal Services Businesses pay higher corporate income tax rates

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

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$750,000 capital gains exemption

bulletQualified small business corporation shares
bulletQualified farm property
bulletQualified fishing property
bulletCumulative net investment loss (CNIL)

Employee and partner GST rebate for employees or partners who have deductible employment or partnership expenses

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 - expenses, taxable benefits, GST/HST

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 loans and loan subsidies may result in a taxable benefit to the employee

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.

Sponsored Advertisement

Calculating payroll deductions and automobile taxable benefits.

Late payroll remittances - will I be penalized?

T4 slips - when are they required?

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?

 

Revised: March 31, 2014

 

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