By Liz O'Dowd on May 16, 2017 
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Self-employed Canadians are able to voluntarily access Employment Insurance (EI) special benefits. There are four types of EI special benefits: Maternity benefits (15 weeks maximum) available to parents of a new born child. It covers the periods surrounding birth. A… {Read more}
By Liz O'Dowd on May 16, 2017 Leave a comment
Online mail with the CRA the fastest way to get your tax correspondence Now, when you file a return using GST/HST NETFILE or certified T2 EFILE software, you can sign up for online access to your mail. It’s the fast, easy,… {Read more}
By Liz O'Dowd on May 15, 2017 Leave a comment
CRA Investigates Small-Town Subcontractors In 2016, CRA auditors reviewed municipal building permits in smaller communities. The auditors were checking for unregistered small-town subcontractors’ work sites. The result was that of the over 8,000 building permits reviewed about 33% were for… {Read more}
By Liz O'Dowd on May 11, 2017 Leave a comment
As a self-employed person, you and your spouse or common-law partner have until midnight on Thursday, June 15, 2017, to file your 2016 income tax and benefit returns. The legislated date for paying an income tax balance owing is April… {Read more}
By Liz O'Dowd on May 11, 2017 Leave a comment
Protecting Personal Assets of Small Business Owner’s from CRA Collections Never use your home address as your business address. If you have a business location outside of your house use that location. If CRA collections issues a direction to the… {Read more}
By Liz O'Dowd on October 20, 2016 Leave a comment
Get organised for the next tax season No one looks forward to the tax season, and it can be especially difficult for small businesses. In order to make the filing of your income tax return as painless as possible, it… {Read more}
By Liz O'Dowd on October 20, 2016 Leave a comment
Corporations that own specified foreign property over $100,000 can now Efile Form T1135 online Did you know? Starting May 16 2016, corporations that own specified foreign property over $100,000 can Efile Form T1135, Foreign Income Verification Statement, electronically for the… {Read more}
By Liz O'Dowd on October 20, 2016 Leave a comment
How are you processing your online tax payments? Did you know you can use online tax payments to pay your business taxes? It’s faster, easier, and cheaper than mailing a cheque to the Canada Revenue Agency (CRA), especially if you’re… {Read more}
By Liz O'Dowd on October 20, 2016 Leave a comment
The CRA’s new online services have contributed to the increase in the number of returns filed electronically The Government of Canada is committed to making the Canada Revenue Agency (CRA) an agency that is more client-focused and online focused. In… {Read more}
By Liz O'Dowd on October 18, 2016 Leave a comment
If your small business tax bill is too high, try the following tips to bring it down in subsequent years. We all want to pay as little income tax as possible without breaking the law. 1. Keep impeccable records. Most… {Read more}