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Business informationSmall 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. FinancingFederal Business Credit Availability Program (BCAP) - assistance for Canadians and Canadian businesses to obtain financing.
Income taxCorporate income tax ratesMy 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. 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. 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? |
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Employee loans and loan subsidies may result in a taxable benefit to the employee Tax-free motor vehicle allowances Tax-free (or reduced tax) employee benefits Payroll taxesCanada 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? 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? |
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| Automobiles, passenger vehicles and motor vehiclesWhat motor vehicle expenses can be deducted?
Expense limitations for passenger vehicles - unchanged for 2012 Tax-free motor vehicle allowances - increased for 2012 Auto taxable benefits - increased for 2012
GST/HST input tax credits on motor vehicle allowances Revised: December 29, 2011 | ||||||||||||||||||||
