Have questions related to small business tax in Canada or about preparing your Canadian income tax?
Whether you’re wondering how long you have to keep your business records or about what you can or can’t deduct on your income tax, these Canadian income tax FAQs have the answer. Click on a Canadian income tax question to read the answer to that income tax question.
Q. How do I report my business income and which Canadian income tax forms do I need?
Q. My business is a partnership. Is there a special Canadian income tax form I need to fill out?
Q. My business is incorporated. Do I still need to file a T1 income tax form?
Q. What business expenses can a Canadian business claim on income tax?
Q. How is an Internet business taxed?
Q. What Capital Cost Allowance class are computers and computer equipment in?
Q. Are there specific income tax deductions for home-based businesses?
Q. What are the limits on charitable donation deductions for a Canadian business?
Q. Is business promotion a legitimate tax deduction?
Q. I have a job as well as a part-time business. How do I report this on my income tax form?
Q. My business made no money this year. Can I still claim business expenses?
Q. I have several businesses. How do I handle this on my income tax form?
Q. How long do I have to keep my business records?
Q. How do I change my fiscal year end?
Q. How long do I have to pay whatever Canadian income tax is due?
Q. What happens if I don't file my Canadian income tax on time?
Q. What happens if I can't pay the Canadian income tax that I owe?
Q. How long does the Canada Revenue Agency have to decide to audit my business taxes after I file them?
