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.

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

Financing

Federal Business Credit Availability Program (BCAP) - assistance for Canadians and Canadian businesses to obtain financing.

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.

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?

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.

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?

Automobiles, passenger vehicles and motor vehicles

What motor vehicle expenses can be deducted?

Vehicles defined

Expense limitations for passenger vehicles

Employee-owned motor vehicles

Keep a trip log

Tax-free motor vehicle allowances

Auto taxable benefits

GST/HST input tax credits on motor vehicle allowances