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Income Tax Canada

Whether you're filing T1 income tax returns or filing corporate income tax in Canada, here's the Canadian tax information your small business needs.

Canadian Income Tax and Your Small Business
Do you operate a Canadian small business? This guide presents all the information you need to know about preparing and filing your Canadian income tax return, from which business expenses qualify as legitimate Canadian income tax deductions through details on completing the T1 Personal and T2 Corporate Income Tax Returns.

When Is the Canadian Taxes Due Date?
Wondering when Canadian taxes are due? Here's information on Canadian taxes due dates for both personal income tax and corporate income tax returns.

Can I File Canadian Taxes Online?
Learn the details about using CRA Netfile and/or Efile to file your Canadian income tax online.

What Are My Options for Filing Income Tax in Canada?
This Canadian income tax FAQ describes the different options for filing income tax in Canada, including Canadian tax filing online.

The Most Overlooked Tax Deductions for Canadian Small Businesses
Is your Canadian business taking all the tax deductions it's entitled to? See if you've missed any of these commonly overlooked income tax deductions.

Business Income
What is business income and how do you declare it on your Canadian income tax? Here are the details.

Your First Business Income Tax Return
What you need to know about completing and filing your T1 Canadian income tax form if your business is a sole proprietorship or a partnership.

Business Income Form T2125
Do you have business income? Then you need to fill out Form T2125 when you're preparing your Canadian income tax. Find out more here.

Corporate Tax Canada Guide
Learn how to prepare and file corporate income tax in Canada with this Canadian Corporate Tax Guide.

Canadian Income Tax FAQ For Small Businesses
Answers to common income tax questions such as which income tax forms to use, claiming business expenses, reporting income from other countries, and what happens if you file your taxes late or can't pay what you owe.

Investment Tax Credits for Canadian Small Businesses
Investment Tax Credits cut down on the amount of tax that Canadian corporations or individual business owners have to pay and in some cases, also provide refunds for some expenditures. This article explains what federal Investment Tax Credits are available and outlines how to claim these tax credits.

Top Canadian Income Tax Software Programs
If you're looking for income tax preparation software, here are the best for small business people filing Canadian T1 (personal) or T2 (corporate) income tax returns.

When Are Corporate Taxes Due If There Is a Balance Owing?
If your Canadian corporation has a balance owing when you file your corporate tax return, here are the details about how long you have to pay the Canadian corporate tax that is due.

Write a Review: Canadian Tax Software
Does the Canadian tax software you've tried live up to its promises? Use this form for tax software reviews to share what you think of the Canadian tax software or online income tax preparation service you've used. See submissions

How to Find a Good Accountant
The services of a good accountant can be invaluable to your small business - especially at income tax time. But how do you find a good accountant? These tips for finding a good accountant will help.

How Long Does a Tax Refund Take?
This article explains how long it takes to get a tax refund after filing Canadian income tax and what can delay the process.

Getting Your Tax Records Together for Your Accountant
Make getting your tax records together for your accountant easier with this checklist of the key records your tax accountant will need for your income tax preparation - and learn how to save money on your tax accountant’s fee.

6 Home Based Business Tax Deductions You Don't Want to Miss
Running a home based business in Canada? See how these additional income tax deductions might apply to your business.

8 Tax Strategies To Maximize Your Income Tax Deductions
Eight tax strategies that you may be able to use to reduce the amount of income tax you pay if you operate a small business in Canada.

Are You an Independent Contractor or an Employee?
Are you an independent contractor or an employee? There’s a big difference when it comes to income taxes in Canada. This article explains the four-point test the Canada Revenue Agency uses to determine whether a worker is a contractor or an employee and what you can do to clarify your independent contractor status.

Business Expenses & Business Losses
What happens when you have business expenses but not enough business income to offset them on your income tax? This explanation will help you make the most of your business loss (part of the income tax FAQ for Canadian small businesses).

Business Expenses as Income Tax Deductions Index
A list of common business expenses for Canadian businesses with links to details about using particular business expenses as income tax deductions.

Do I Include Taxes When Claiming Business Expenses?
The answer to the question: Do you include the tax you paid on business expenses when claiming business expenses on your Canadian income tax?

The Rules for Meals and Entertainment Expenses on Canada Income Tax
Run a Canadian business? Here are all the details about claiming meals and entertainment expenses on your income tax.

Capital Cost Allowance
Instead of writing off the total cost of any property or equipment you purchase to use in your business, you need to write it off gradually using Capital Cost Allowance. Find out the details here.

Do I Include GST/HST When Claiming Capital Cost Allowance?
The answer to the question: Do you include the GST/HST you paid when claiming Capital Cost Allowance on your Canadian income tax?

Capital Cost Allowance Class for Computers
Computer equipment and systems software are now in their own Capital Cost Allowance class. Here are the details to help with your Canadian income tax preparation.

Internet Business Tax
How are Internet businesses taxed? Here's an explanation. Part of the income tax FAQ for Canadian small businesses.

Investment Tax Credits
Investment Tax Credits reduce the amount of income tax that Canadian corporations and individual business owners have to pay. Here's an explanation of how the Investment Tax Credit works and potential tax credits in Canada a business might claim.

How to Appeal an Income Tax Assessment
If you disagree with your Canadian income tax assessment, you have the right to an assessment appeal. Here are the details on the Canadian income tax assessment appeal process.

Maximize Your Business Income Tax Deductions
Learn about business tax deductions related to the cost of doing business and home-based business deductions your Canadian business may be able to claim.

More Ways to Maximize Your Business Income Tax Deductions
Working on your Canadian income tax return? The second installment of small business tax deductions covers vehicle business expenses, travel-related expenses, employing your child or spouse, advertising expenses, and the kind of business expenses that fall into the CRA's 'other' category.

Profit Test
The profit test refers to the business definition used by the Canada Revenue Agency and is used to determine whether a person who claims to be operating a business actually is. Learn more about what the profit test is and how it applies to your Canadian small business here.

What Are the Limits on Charitable Donation Deductions?
An explanation of the charitable donation deduction limits for Canadian businesses. This information on charitable deductions is part of the Canadian Income Tax FAQs for small businesses.

Tax Deductions for Home Based Businesses
How does having a home-based business affect your income tax? This outline of tax deductions specific to home-based businesses explains.

6 Year End Small Business Tax Tips
Use these six year end small business tax tips to implement tax-saving strategies before the New Year and reduce this year’s income tax.

Filing Canadian Income Taxes Online
Canada Online Guide Susan Munroe explains how to use NETFILE, the CRA's online income tax filing system, and who may use it.

Efile - Electronic Tax Filing for Income Tax Returns
What is Efile and can you use Efile to file your business income taxes? This Efile definition explains and outlines other electronic tax filing options for Canadian businesses.

Get Your Tax Together: Bringing Key Records To Your CGA
Use this convenient checklist from the Certified General Accountants of Ontario to make sure you have all the records your accountant needs to do your income tax.

Guide for the Partnership Information Return
The income tax guide for anyone who's part of a partnership in Canada, includes all the relevant forms, instructions, and an overview of the changes to the Partnership Information Return (CRA).

Individual Income Tax FAQ
Need to know when your T1 is due, how to check the status of your return, or what to do if you owe personal income tax that you can't pay now? Check this FAQ from the Canada Revenue Agency.

Paying Your Income Tax by Instalments
This CRA document explains who has to pay their income tax by instalments, what the instalment options are, and the procedure for making instalment plan payments.

Personal Tax Planning
Income from a business and income splitting are just two of the topics explained in this very readable booklet designed to help individuals minimize their income taxes payable, from the Certified General Accountants of Ontario.

Business and Professional Income Guide
The page where you can download the Canada Revenue Agency Guide that explains what is and isn't considered business or professional income, allowable expenses, the capital cost allowance, and investment tax credits. MUST reading.

How to Calculate Capital Cost Allowance
This step-by-step guide to the T2125 form shows you how to compute Capital Cost Allowance for your Canadian income tax return.

Reconciliation of Business Income for Tax Purposes
A reference for professionals or business people whose usual fiscal period does not end on December 31. Line-by-line instructions are included (CRA; PDF files).

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