Showing posts with label Canada. Show all posts
Showing posts with label Canada. Show all posts

Thursday, March 1, 2018

Link to Canadian Tax Packages for All Years


Each package includes the guide, the return, related schedules, and the provincial or territorial schedules, information, and forms (except Quebec).

Click here to access this resource on the government of Canada website.

Sunday, August 13, 2017

Are You Unknowingly Part Of The Underground Economy?


"Can't I just pay my employees with cash?" We still hear some version of this question now and then.

Moonlighting or "working under the table" is the basis for the underground economy in Canada. According to the Canada Revenue Agency (CRA), this can include:
bartering, failing to file tax returns, omitting an entire business activity from your tax return, skimming a portion of business income from what you report on your taxes, and not reporting a portion of employment income, like tips and gratuities.

CRA is actively searching for and fighting these activities. Click here to read more about this important topic.

If you aren't sure if your small business might be unknowingly contributing to the underground economy, stop now and give it some serious consideration.

Do you have questions about how to set up your small business so you can keep yourself safe? Get in touch.