Income Tax Canada
Whether you're filing T1 income tax returns or filing corporate income tax in Canada, here's the Canadian income 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.
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.
Changes to Canadian Small Business Taxes for the 2008 Tax Year
A list of Canada's income tax changes and small business tax credits that may affect your small business taxes for the 2008 tax year, including changes to Capital Cost Allowance and SR&ED.
A list of Canada's income tax changes and small business tax credits that may affect your small business taxes for the 2008 tax year, including changes to Capital Cost Allowance and SR&ED.
Your First Business Income Tax Return
Filing your first income tax return in Canada as a business this year? Here’s what you need to know about completing and filing your T1 Canadian income tax form.
Filing your first income tax return in Canada as a business this year? Here’s what you need to know about completing and filing your T1 Canadian income tax form.
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.
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.
Top Canadian Income Tax Software Programs
Income tax preparation software isn't just for calculating your taxes; it's also an excellent tax planning tool. Here are the best for small business people filing Canadian T1 (personal) or T2 (corporate) income tax returns.
Income tax preparation software isn't just for calculating your taxes; it's also an excellent tax planning tool. Here are the best for small business people filing Canadian T1 (personal) or T2 (corporate) income tax returns.
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.
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.
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.
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
One of the advantages of running a home based business is that there are additional income tax deductions that you can claim. How many of these home based business deductions apply to your Canadian home based business?
One of the advantages of running a home based business is that there are additional income tax deductions that you can claim. How many of these home based business deductions apply to your Canadian home based 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.
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.
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).
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
Here's a real aid when you're preparing your income tax in Canada - a list of common business expenses for Canadian businesses with links to details about using particular business expenses as income tax deductions.
Here's a real aid when you're preparing your income tax in Canada - a list of common business expenses for Canadian businesses with links to details about using particular business expenses as income tax deductions.
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.
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.
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.
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.
Internet Business Tax
How are Internet businesses taxed? Here's an explanation. Part of the income tax FAQ for Canadian small businesses.
How are Internet businesses taxed? Here's an explanation. Part of the income tax FAQ for Canadian small businesses.
Maximize Your Business Income Tax Deductions
This first installment of getting ready to file your Canadian income tax covers keeping track of your receipts, small business tax deductions related to the cost of doing business, and income tax deductions for home-based businesses.
This first installment of getting ready to file your Canadian income tax covers keeping track of your receipts, small business tax deductions related to the cost of doing business, and income tax deductions for home-based businesses.
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.
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.
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.
How does having a home-based business affect your income tax? This outline of tax deductions specific to home-based businesses explains.
Provincial Income Tax Comparison
How much income tax will an "average" small business person pay in each province and territory this year? Here's a comparison of several different tax scenarios for a sole proprietor in 2000.
How much income tax will an "average" small business person pay in each province and territory this year? Here's a comparison of several different tax scenarios for a sole proprietor in 2000.
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.
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.
What's New in Business Taxes for 2007
There's something for everyone in this package of business income tax changes for the 2007 tax year and every Canadian small business should see some benefit from these tax reductions. Here's a list of the Canadian federal government's business tax reductions that may affect your corporate income tax in 2007 and 2008.
There's something for everyone in this package of business income tax changes for the 2007 tax year and every Canadian small business should see some benefit from these tax reductions. Here's a list of the Canadian federal government's business tax reductions that may affect your corporate income tax in 2007 and 2008.
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.
Canada Online Guide Susan Munroe explains how to use NETFILE, the CRA's online income tax filing system, and who may use it.
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.
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).
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.
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.
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.
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.
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.
Statement of Business Activities (T2124)
From this CRA page, you can download the Statement of Business Activities form, an integral part of the income tax form for many self-employed entrepreneurs (PDF format).
From this CRA page, you can download the Statement of Business Activities form, an integral part of the income tax form for many self-employed entrepreneurs (PDF format).
Statement of Professional Activities (T2032)
Are you a self-employed professional? From this page, you can download the Statement of Professional Activities income tax form in PDF format (CRA).
Are you a self-employed professional? From this page, you can download the Statement of Professional Activities income tax form in PDF format (CRA).
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).
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).